You can place an order to buy or sell a security by dragging and dropping the Chevron on the right edge of the VisualTrader Chart. When you use the trading chevron to enter a position, the position is entered for the currently displayed security or the security that has focus, if there are multiple symbols plotted.

With the chart of the security displayed, drag the trading chevron into place on the chart.

Once you release the chevron, OmniTrader plots the stops that are defined for Step 1 of the Trade Plan, and the Trade Plan interface is displayed.

Once you have submitted a position, you may want to close the position. You can close a position in many ways, but one of the easiest is to use the Trading Chevron in the chart.

1. In the Focus List, double-click on the symbol for the security that has the position you want to close. This will display the chart for the selected security.

2. Right-click the Chevron and select Close Position. VisualTrader will immediately record the position as closed

You can also close a single position or all the positions in an account from the Open Positions tab in the Portfolio window.

1. Click on the Accounts button on the Brokerage Toolbar.

2. From the drop-down menu, select the account that contains the position you would like to close.

3. Click on the Open Positions tab.

4. Click to highlight the position that you want to close, and click the Close Position button. You will see the Close Position dialog box.

5. Confirm that the details are correct and click OK to immediately close the selected position.

Note: You can also close all the positions in the selected account by right-clicking and selecting Close All Positions and then confirming the closure. In this case, the position is not immediately closed but is submitted for closure.

Trade Plans use a step-by-step process to manage a trade. Each step contains conditions that define what to do if that condition is met. The following flow chart illustrates this process for a hypothetical Trade Plan:

When the Trade Plan moves to a new step, the conditions from the previous step are no longer active. A Trade Plan can have a single step (sell/cover 100% of the initial order) or multiple steps.

VisualTrader looks for the initial order to be resolved in the Trade Plan. It also checks all of the conditions and orders to make sure that they are valid. If it finds a conflict, the conflicting area is highlighted in orange. You will need to resolve the problem before you will be able to save the Trade Plan.

You can activate a Trade Plan by dragging and dropping the Trading Chevron found in the top right corner of your chart.

Once you release the chevron, VisualTrader plots the stops that are defined for Step 1 of the Trade Plan, and the Trade Plan Setup dialog box is displayed.

Trade Plan Templates are designed to emulate a particular type of trade management. Each Trade Plan template has its own configuration for managing the trade. When you select a template, VisualTrader loads the template settings. Once a Trade Plan template is applied to a security, the Trade Plan is no longer associated with the original template. This means that any changes you make in the Trade Plan will not be made in the template and vice versa. The following Trade Plan templates are provided:

• Default—Uses a simple Fixed Loss Stop (2 ATR’s) and a Trailing Profit Stop (1.5 ATR’s) to manage a trade.

• Eighth’s Stop—Uses a Fixed Loss Stop (3 ATR’s) as a protective stop and an Eighth’s Tool Stop (1.5 ATR’s) as a profit stop.

• Eighth’s Stop-Partial Exit—Uses a Fixed Loss Stop (3 ATR’s) as a protective stop and exits half the trade once price hits a Fixed Profit Stop (1.5 ATR’s). This Trade Plan manages the remaining half of the trade with a 1.5 ATR Eighth’s Stop.

• Long Term Trending—Uses a Fixed Loss Stop (3 ATR’s) as a protective stop and a Trailing Profit Stop (Threshold = 4 ATR’s, Cushion = 3 ATR’s) as a profit stop. It will also activate a Break Even Stop (1.5 ATR’s) once price exceeds 2 ATR’s to the gain side.

• Medium Term Trending—Uses a Fixed Loss Stop of 3 ATR’s as a protective stop and a Trailing Profit Stop (Threshold = 3 ATR’s, Cushion = 2 ATR’s) as a profit stop.

• Partial Exit—Uses a Fixed Loss Stop (2 ATR’s) as a protective stop, and it will exit 50% of the initial position if price hits a Fixed Profit Stop of 2 ATR’s. The remainder of the trade is managed with a Trailing Profit Stop (Threshold = 2 ATR’s, Cushion = 2 ATR’s).

• Short Term Trending—Uses a Fixed Loss Stop (2 ATR’s) as a protective stop, and a Trailing Profit Stop (Threshold = 2 ATR’s, Cushion = 1.5 ATR’s) as a profit stop.

The Position Summary window shows position information for the active account at a glance.

• Symbol—Symbol that is in trade.

• D—Type of position (long/short)

• Shares—Number of shares traded for a symbol.

• Gain%—Percentage gained or lost for the active trade.

• Prices—Tick marks in the list represent a percentage unit in price movement - not position gains/losses. if the exact same number of shares is traded, they will line up.

• Gain$—Gain or loss dollars for an active trade.

The buttons at the top of the Position Summary Window allow for different views and quick close buttons in case you want to get out of all your positions quickly.

• Open—View your open positions.

• Closed—View your closed positions.

• All—View all your open and closed positions.

• CL—Close all your open long positions.

• CS—Close all your open short positions.

• CA—Close all your open positions.