Converting Email Alerts Into Trades With FXCM

Friday 3 July 2009
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Getting Started>Overview (back to top)

This "Getting Started" section will quick start you to automatic trading from email.

TradeItself 2006 collects email from a specified email account every few seconds. Each email collected is searched for a trading instruction and execution details. If these are correctly found, TradeItself will execute the found instruction, log the actions taken and then delete the email.

You choose a set of rules (called a ruleset) which specifies how trading instructions (eg. "Buy At Market", "Delete Stop" etc.) and associated information (e.g. currency pair, price, stop loss and limit) are found in an email. The rules also contain execution details which define your FXCM account details and also the amount you would like to trade. To ease setup, TradeItself allows the user to specify a default account and default amount for all trading.

Two rulesets are included in the standard installation of TradeItself, but you may be able to download a "TradeItself compatible" ruleset from your own signal provider. Alternatively you may create your own set of rules (called a ruleset), but this is an advanced option. If you do decide to create your own rules, TradeItself 2006 has been designed to make configuring rules as easy as possible by providing a rule wizard screen.


Getting Started>Setting Up Email (back to top)

From the front screen in TradeItself 2006 click the link in the top left hand corner called "1. Click Here To Setup Email". This will take you to the email setup screen as shown below. Please read the notes and then enter your email details. Don't forget to test your email connection by pressing the "Test Email Connection" button.

Please do not confuse your email address with your POP3 username as they are different.

What is POP3? To send e-mail to and from different kinds of e-mail servers, there is an agreed-upon format for sending and receiving the data. This format is called the protocol, and there are a few types. TradeItself currently only supports POP3 (Post Office Protocol 3). Your dedicated email account MUST use the protocol POP3. If your email account is not POP3 then email collection from TradeItself will not work. Please note that "free" web mail is often not POP3.

Where do I get a POP3 email account? There are many providers on the internet for POP3 email accounts, please see Do you recommend a POP3 email account provider? in the FAQs.

What is the Host Name? A POP3 email account will always have an email host or email server associated with it. The host name or server name must be given to you when you buy your dedicated email account. The email server is like a post office. When an email is sent, the e-mail message is not sent directly to your recipient's mailbox. It has to go through a couple of processing stations, known as e-mail servers. Think of these servers as post offices. When you put a letter in a mailbox, it gets sent to your post office, then to your recipient's post office, and then to his house. When an e-mail message is sent, the e-mail goes to your Internet Service Provider's (ISP) mail server, then to your recipient's ISP mail server, and then to his Inbox. Without the correct host name your POP3 email account will not work.

Please Only Use This Email Account For TradeItself: Whenever automatic email collection is enabled, TradeItself will use these email settings to go and collect all emails in your dedicated email account. TradeItself  will then immediately delete them all - even if they are valid trading emails. This is a safety precaution to prevent a potential series of immediate and costly "buys" and "sells" triggered by old trading emails stored up in your dedicated email account. For this reason, it is recommended that a dedicated email account is used just for automatic trading because all unrelated emails are deleted. Any valid trading emails arriving subsequent to the initial deletion or "emptying of" the email account are then traded and deleted. Any non-trading emails arriving subsequent to the initial deletion or "emptying of"  the email account are just deleted. Individual signal emails will never be processed more than once.

All Emails Are Logged: Note that all emails (including deleted emails) have their contents logged in the TradeItself log. This is useful as you can always check the log to see precisely every email collected and processed by TradeItself.


Getting Started>Setting Up The Default Account (back to top)

From the front screen in TradeItself 2006 click the link in the top left hand corner called "2. Click Here To Enter Account Details". This will take you to the account setup screen as shown below. Please read the notes and then enter your account details. Don't forget to check your account login by pressing the "Test Account Login" button. Note that this test does not verify that the account number is correct.

Encrypted Storage: Note that your account details are stored in the TradeItself settings file with the password encrypted for security reasons.

The Default Account: The details you enter on this screen are referred to elsewhere in TradeItself as the default account details. Note that it is possible to define alternative logins and accounts within the definition of a rule but this is an advanced option that does not need to be considered if you only trade one account.

IMPORTANT: Running FXCM Trading Station At Same Time As TradeItself 2006: If you enter "real" FXCM account details (as opposed to demo) then FXCM will not allow more than one login at the same time for security reasons. This means that you cannot trade with TradeItself 2006 and view your trades in FXCM trading station at the same time. To resolve this issue you must contact FXCM directly by email at admin@fxcm.com and ask them to enable your "real" account for multi-session access for use with TradeItself. Once your account is enabled for multi-session access, you will be able to run TradeItself 2006 at the same time as the FXCM trading station. (see FAQs for further details)

Account Numbers For Demo Accounts: FXCM do not issue account numbers with demo accounts. Please click here for details on how to obtain your demo account number.

"No Dealing Desk" and "Fixed Spread" Accounts: Currently FXCM offer two types of account "No Dealing Desk" and "Fixed Spread". The features and differences between the two are explained on FXCM's website. TradeItself 2006 supports both these types of accounts since version 2.1.6. Furthermore TradeItself 2006 is now designed to work with accounts that have hedging capabilities either enabled or disabled. TradeItself 2006 only supports "Fixed Spread" accounts before version 2.1.6. Click "Help" menu option and then "About" menu option to see a box which displays your current version of TradeItself 2006.

Note that TradeItself does not provide the facility to look for account details in emails.


Getting Started>Setting Up The Default Amount To Be Traded (back to top)

From the front screen in TradeItself 2006 click the link in the top left hand corner called "3. Click Here To Enter How Many Lots To Trade". This will take you to the amount setup screen as shown below. Please read the notes and then enter how many lots you would like to trade.

The Default Amount: The amount you enter on this screen is referred to elsewhere in TradeItself as the default amount. Note that it is possible to define alternative amounts to be traded within the definition of a rule.

Note that TradeItself does not provide the facility to look for amount in emails.

Lots: The number of lots you enter on this screen corresponds to the type of account you are trading. If you are trading a "mini" account, then you are specifying, on this screen, how many "mini" lot(s) you will trade. If you are trading a "standard" account then then you are specifying, on this screen, how many "standard" lot(s) you will trade.


Getting Started>Choosing A Ruleset For Trading (back to top)

From the front screen in TradeItself 2006 click the link in the top left hand corner called "4. Click Here Select Trading Rules". This will take you to the ruleset selection screen as shown below. Please carefully read the notes and then select the ruleset you would like to trade. Only one ruleset can be selected for automatic trading at a time.

Your chosen ruleset will tell TradeItself what to look for in an email. Rules search emails! A ruleset is a collection of rules where each rule defines exactly one trading instruction (eg. "Buy At Market", "Delete Stop" etc.) and how this trading instruction and associated information (e.g. currency pair, price, stop loss and limit) are found in an email. Is this information in the email subject? Is this information in the email body? What email text represents the trading instruction? etc. A rule also contains execution details which define your FXCM account details and also the amount you would like to trade. To ease setup, TradeItself allows the user to specify a default account and a default amount for automatic trading. These default settings can be set to override the specific accounts and amounts defined in the rules.

TradeItself checks each rule in turn when reading an email and if a trading instruction and a currency is successfully found in the email then TradeItself will attempt to execute that trading instruction for that currency. Note that if the rule additionally specifies that price, stop or limit are to be read from the email, then these must be successfully found and read in the email for the trading instruction to be executed. Once a trading instruction and a currency have been successfully found in an email then no further rules are used to search that email and the email is logged and deleted. Note also that each rule defines the account(s) and the amount (if relevant) to be traded or whether the default account and default amount are to be used.

Important: You must check and be satisfied that the rules you select are current, correct and consistent with how you want to trade. To do this you must carefully read and examine the details of the ruleset shown on the summary screen described below.

Summary Button: The "Summary" button allows you to see a detailed summary of how TradeItself 2006 will trade when using the selected ruleset.

Import Button: This screen also allows for importing a file containing rulesets. Your FOREX signal provider may provide you with a "TradeItself compatible" rules file for you to import and select.

Export Button: The export button saves all your ruleset details to file. Note that sensitive account information is not exported.

Pressing the summary button displays a detailed summary of the currently selected ruleset. Details can be expanded or collapsed for ease of viewing. The "Prosignal" ruleset summary is displayed below:


Getting Started>Enabling Automatic Email Collection And Trading (back to top)

From the front screen in TradeItself 2006 click the link in the top left hand corner called "5. Click Here To Start Automatic Email Collection And Trading". This will start automatic collection of emails and trading! When automatically trading, you are restricted from closing TradeItself and also from navigating to any other TradeItself screens.

To stop collecting emails and automatic trading click the "5. Click Here To Stop Trading" link. See picture below.

Note that every time you start automatic trading, TradeItself will immediately delete all emails in your email account. This is a safety precaution to prevent a potential series of immediate and costly "buys" and "sells" triggered by old signal emails stored up in your dedicated email account.

Log File: The trading log displays a record of all relevant actions taken by TradeItself. This log is designed to be read by the user and will help you understand the sequence of events TradeItself takes when trading and processing emails. Carefully read through the log to diagnose what has happened. The log can be copied to another word processor programme by clicking "Copy Log To Clipboard". The log can also be deleted by clicking the "Clear" link. The "Refresh" link refreshes the display from the log file.

Manual Email Collection: When automatic email collection and trading is enabled it is possible to force TradeItself to do an immediate email collection instead of waiting for the 30 seconds or so for the next collection. This is done by clicking the link called "Click Here To Check Now For Signal Emails".


What's New In TradeItself 2006 (back to top)

For those users who have been using TradeItself version 1.x this section gives a brief overview of the new features in TradeItself 2006.

New Features In TradeItself 2006 Include:

  • No requirement for broker trading station to be running. All that needs to be running on your computer is TradeItself together with a live internet connection.
  • Ability to trade multiple accounts and logins
  • Over 20 trading instructions now available
    • Entry orders and market orders can be configured
    • Stop loss, limit and price can be read from email for both market orders and entry orders
    • Intelligent stop and limit calculation at a defined pip offset
    • Market entry at a price within a defined acceptable pip range from price found in email
  • Extensive programmable text searching of emails
    • Rule wizard screen for easy definition of rules
    • Unlimited number of rules per ruleset
    • Import/Export facility for rules (signal providers can provide a "rules" download file online to ease TradeItself setup for clients)
  • Email
    • POP3 port can be configured
    • SSL (Secure Socket Layer) for POP3 now available
  • Comprehensive logging
    • All emails are logged (including deleted emails) with both subject and body recorded for diagnosis.

Automatic Trading Process Defined>Trading The Selected Ruleset (back to top)

This section describes the exact process that TradeItself takes in examining collected emails using the selected ruleset. Remember that rules search emails!

Your chosen ruleset will tell TradeItself what to look for in an email. Rules search emails! A ruleset is a collection of rules where each rule defines exactly one trading instruction (eg. "Buy At Market", "Delete Stop" etc.) and how this trading instruction and associated information (e.g. currency pair, price, stop loss and limit) are found in an email. A rule also contains execution details which define your FXCM account(s) and also the amount you would like to trade. A ruleset can have as many rules as required by the user.

Each email collected is examined using each rule in the ruleset in strict order. The top rule in the ruleset is used first to examine the email, followed by the second rule in the ruleset and so on. If after examination by a particular rule, a trading instruction and a currency is found in the email then no more rules are used to examine this email. This rule becomes the succeeding rule for this email. No further rules will be used to examine this email. Note that only one currency is allowed to be found per email. Note also that once a trading instruction and currency are found in an email then TradeItself will attempt to extract other associated trading information, if required by the rule, from the email e.g. price, stop loss or limit information. If all information is extracted successful up to this point then TradeItself will attempt to execute the trading instruction using all the associated information if required, and the execution details (account and amount) defined in the rule. If the associated information is not extracted successfully from the email then execution of the trading instruction is aborted. Once a succeeding rule is found, processing of this email stops at this rule and the email is logged and deleted, even if the trading instruction is aborted. If no succeeding rules are found in the ruleset, then no action is taken by TradeItself for this email and the email is logged and deleted. For further clarification, this detailed description is represented in the flow chart below.

It is clear from the above process that the order of rules is very important. The order of a rule in a ruleset is referred to elsewhere in TradeItself as the rule priority. Once a ruleset is defined, it is easy to change the priority of a rule either up or down.

To help with the comprehension of a complex ruleset, TradeItself offers a summary facility which provides a "drill down" view of a ruleset and its contained rules, together with the detailed information associated with each rule. Press the "summary" button found on the ruleset screens to display this detailed summary.

Use the test screen found in the advanced section to help diagnose new rulesets. In this test screen it is easy to see how a ruleset will react to different email subject and body texts.

Read the TradeItself log as this will always provide a detailed "rule-by-rule" breakdown of the processing of an email against a ruleset.

Please read the next section on multiple trades in one email.


Automatic Trading Process Defined>Flow Chart (back to top)

 


Automatic Trading Process Defined>Multiple Trades In One Email (back to top)

The previous section detailed the exact process taken by TradeItself when examining an email using the selected ruleset. There is one exception to the above processing and this is when a ruleset is marked to check emails for multiple trades. In this case the process is identical to the process described above except that each line in the email body is treated as though it was a complete email.

Note that deletion of the email only occurs once all the lines have been read and processed.

When a ruleset is marked to check emails for multiple trades then each individual line in the body of an email is examined by each rule in strict order. If after examination by a particular rule, a trading instruction and a currency is found in the email line then no more rules are used to examine this email line. This rule becomes the succeeding rule for this email line. No further rules will be used to examine this email line. Note that only one currency is allowed to be found per email line. Note also that once a trading instruction and currency are found in an email line then TradeItself will attempt to extract other associated trading information, if required by the rule, from the email line e.g. price, stop loss or limit information. If all information is extracted successful up to this point then TradeItself will attempt to execute the trading instruction using all the associated information if required, and the execution details (account and amount) defined in the rule. If the associated information is not extracted successfully from the email line then execution of the trading instruction is aborted. Once a succeeding rule is found, processing of this email line stops at this rule, even if the trading instruction is aborted. If no succeeding rules are found in the ruleset, then no action is taken by TradeItself for this email line.

Note that any text in the subject of emails is completely ignored by a ruleset marked to check emails for multiple trades. only text in the body of the email is relevant.


Working With Rulesets (back to top)

TradeItself 2006 allows the user to fully define multiple rulesets using the screens described below. Essentially a ruleset is named and then has rules added to it.

TradeItself stores all rulesets in a file called "EmailRules.xml". This file is found in the same directory where TradeItself 2006 is installed. If you create a number of rulesets it is very wise to backup this file to a safe place.

A ruleset is a customisable collection of rules used by TradeItself to examine emails for trading instructions (eg. "Buy At Market", "Delete Stop" etc.). See the "automatic trading process" section for precise details on what a ruleset is. TradeItself can store many rulesets. Rulesets can be configured from scratch by the user or they can be imported from an external file. Being able to import rules is especially useful if your signal provider provides a TradeItself compatible rules file - this can be downloaded to your computer and the file imported into TradeItself saving you time in setup. TradeItself rule files have the file extension ".xml". For the programmers out there, TradeItself stores all rules and rulesets in xml. File may be imported using the "import" button seen in the picture below.

Even though TradeItself can store many rulesets, only one ruleset can ever be selected for automatic trading at any one time. Selection of the trading ruleset is done on the Choosing a Ruleset For Trading screen.

Manipulation of rulesets (editing, adding and deleting) is done on the screen described below.

Ruleset Names: Each ruleset must have a unique name and each rule in a ruleset must have a unique name in that particular ruleset. TradeItself will warn you if duplicates occur.

The Rulesets Screen: This screen is found by pressing the "Advanced" button on the TradeItself front screen. Then click the link "Click Here To Add, Remove Or Modify Rulesets". This will display the rulesets screen seen below:

All rulesets stored by TradeItself 2006 in the "EmailRules.xml" file are displayed in the list on the left hand side. Each ruleset can be expanded to display a list of the rules it contains. Below the "Market Order Tests" ruleset is displaying its 12 rules. This screen provides for the manipulation of rulesets including add, edit, delete, copy, import, export and a summary screen. 

Editing Rulesets: In order to edit the rules in a ruleset, select your ruleset and click edit, or just double-click the ruleset. This will take you to the ruleset screen which allows the manipulation of individual rules. The following section describes the ruleset screen.

Please note that the "Summary" button is a very useful facility for displaying a detailed summary of a ruleset.

Export button: This button will export all rulesets to an external file of your choosing. This file can be "imported" by other TradeItself users.


Working With Rulesets>Testing Rulesets (back to top)

TradeItself provides a test screen for experimenting with rulesets to see whether they behave as predicted when specific email texts arrive. This test screen gives the user the option to enter email subject and body text and then run a ruleset against these email texts. The results are displayed in a results box in the bottom right hand corner of the screen. Please read the notes at the top of this screen.

Rulesets can be modified directly from this screen using the buttons to the left of the ruleset selection box. Please note the summary button in the bottom left hand corner of the screen which is very useful for seeing an overall view of your selected ruleset. Furthermore, your email texts are saved every time you press the "Test" button. This allows you to skip back to an earlier email text and retest.

No trading instruction is ever executed when using this test screen. This screen is for test purposes only.

Please note that for absolute consistency, the software used here to test your rulesets against emails is the same software used when automatic trading.

The Testing Rulesets screen is found by pressing the "Advanced" button on the TradeItself front screen. Then click the link "Click Here To Test Rulesets". This will display the settings screen seen below:


Working With Rules>Overview (back to top)

A ruleset is a collection of rules. Each rule has a unique name in a ruleset and defines exactly one trading instruction, and how this trading instruction and associated information (e.g. currency pair, price, stop loss and limit) are found in an email. A rule also contains execution details which define your FXCM account details and also the amount you would like to trade. The following 25 trading instructions are available to rules in TradeItself 2006. Where the trading action taken by each trading instruction is not obvious from its name, there are some detailed notes just below.

  • Buy At Market
  • Sell At Market
  • Reverse Open Position(s)
    • close all open positions and buy or sell in the opposite direction of the current open position. eg. If your total position on EUR/USD for an account is 5 lots bought, then reverse open position(s) will result with you having a total position of 5 lots sold on EUR/USD.
  • Close Open Position(s) And Buy At Market
  • Close Open Position(s) And Sell At Market
  • Close Open Position(s)
  • Close Open Buy Position(s)
  • Close Open Sell Position(s)
  • Close Open Buy Position(s) And Sell At Market
  • Close Open Sell Position(s) And Buy At Market
  • Change Stop On Open Position(s)
  • Change Limit On Open Position(s)
  • Change Stop And Limit On Open Position(s)
  • Delete Stop On Open Position(s)
  • Delete Limit On Open Position(s)
  • Delete Stop And Limit On Open Position(s)
  • Buy Entry Order
  • Sell Entry Order
  • Delete Entry Order(s)
  • Change Stop On Entry Order(s)
  • Change Limit On Entry Order(s)
  • Change Stop And Limit On Entry Order(s)
  • Delete Stop On Entry Order(s)
  • Delete Limit On Entry Order(s)
  • Delete Stop And Limit On Entry Order(s)

Each rule may contain information associated with the trading instruction including price, stop loss, limit, amount, account and currency details. The ruleset screen described below allows the user to create new rules, configure existing rules, delete rules, copy rules and change the order of the rules in the ruleset.

The Ruleset Screen: This screen is found by pressing the "advanced" button on the TradeItself front screen. Then click the link "Click Here To Add, Remove Or Modify Rulesets". This will display the rulesets screen. Double-click your selected ruleset to display the ruleset screen below: Individual rules in a ruleset are manipulated on this screen, including new, edit, delete, copy. move up in priority, move down in priority, enable and disable. Furthermore the ruleset name may be changed and the ruleset may be marked for emails to be checked for multiple trades.

Enabling/Disabling Rules: If this ruleset is selected for automatic trading then any disabled rule in this ruleset will not be included in the processing of emails - it is rendered ineffective. The ability to disable and enable rules can be useful during the testing and design of your own rulesets.

Rule Priority: The order that rules appear in the list is the order in which they will be processed. If you want a rule to be processed before another rule then this rule must be higher. Use the "Move Up" and "Move Down" buttons to change the processing order of rules in a ruleset. The order of a rule in the ruleset is called the rule priority. The rule with priority 1 will be at the top of the list of rules and will be processed first. The "Buy At Market" rule in the above picture has the highest priority and will be processed first.

New Rules And Editing Rules: Rules are configured using a rule wizard. The rule wizard is described below in the next section.


Working With Rules>The Rule Wizard Screen>Introduction (back to top)

The rule wizard screen takes the user through the process of configuring a rule. Each section contains detailed notes and a description of the options available. Your choice of trading instruction for the rule will determine which options are relevant for the rule. For example if you choose the "Close All Open Position(s)" trading instruction then the price, stop loss and limit instructions are not relevant and will be disabled.

Note that cancelling the wizard at any time will loose all changes. Only once the finish button is pressed at the end of the wizard will all changes be saved.

The following sections detail the specific screens in the rule wizard


Working With Rules>The Rule Wizard Screen>Welcome Screen (back to top)


Working With Rules>The Rule Wizard Screen>Rule Name Screen (back to top)

 


Working With Rules>The Rule Wizard Screen>Trading Instruction Screen (back to top)


Working With Rules>The Rule Wizard Screen>Amount Screen (back to top)

Lots: The number of lots you enter on this screen corresponds to the type of account you are trading. If you are trading a "mini" account, then you are specifying, on this screen, how many "mini" lot(s) you will trade. If you are trading a "standard" account then then you are specifying, on this screen, how many "standard" lot(s) you will trade.


Working With Rules>The Rule Wizard Screen>Price Screen (back to top)


Working With Rules>The Rule Wizard Screen>Stop Loss Screen (back to top)


Working With Rules>The Rule Wizard Screen>Limit Screen (back to top)


Working With Rules>The Rule Wizard Screen>Currency Screen (back to top)

Clone Button: This is a very powerful feature which will change all other rules in this ruleset to have the same currencies you have defined here. Use with care!

From Button: This allows currencies to be copied from or replaced by currencies defined in another rule. This is a time saving feature and means that currencies only need to be entered once. By pressing the "from" button seen in the above picture, the following screen appears which facilitates this copy or replace feature:

All the currencies associated with all the rulesets and rules stored in TradeItself are displayed in this box.

Copy Button: This will copy the selected currencies to your rule.

Replace Button: This will replace the currencies you already have in your rule with the selected currencies


Working With Rules>The Rule Wizard Screen>Account Screen (back to top)

If you do not want to use the default account, you can specify multiple login and account details here. If the rule is the succeeding rule then TradeItself will execute the trading operation defined in this rule on each of the accounts defined in this screen.

Clone Button: This is a very powerful feature which will change all other rules in this ruleset to have the same accounts you have defined here. Use with care!

From Button: This allows accounts to be copied from or replaced by accounts defined in another rule. This is a time saving feature and means that accounts only need to be entered once. By pressing the "from" button seen in the above picture, the following screen appears which facilitates this copy or replace feature:

All the accounts associated with all the rulesets and rules stored in TradeItself are displayed in this box.

Copy Button: This will copy the selected accounts to your rule.

Replace Button: This will replace the accounts you already have in your rule with the selected accounts


Working With Rules>The Rule Wizard Screen>Finish Screen (back to top)


Advanced Performance Settings>General Options>Automatic Login (back to top)

How To Find This Page:

  • From the front screen in TradeItself 2006 click the button in the top left hand corner called "Advanced".
  • On the "Advanced" page click "Click Here For Advanced Settings".
  • On the Settings page click the "General" button.

Description: Automatic login is enabled by default and will facilitate an automatic login to TradeItself 2006 every time TradeItself 2006 is started. This automatic login will only occur if the recent login has been successful. If you would like to disable the automatic login for security reasons on your computer then uncheck this option.


Advanced Performance Settings>General Options>Automatic Regular Restarting (back to top)

How To Find This Page:

  • From the front screen in TradeItself 2006 click the button in the top left hand corner called "Advanced".
  • On the "Advanced" page click "Click Here For Advanced Settings".
  • On the Settings page click the "General" button.

Description: Automatic Regular Restarting is enabled by default and facilitates a regular restart of TradeItself 2006 every hour. The restart period can be customised within the time range of 1 and 999 hour(s). It is highly recommended to have this option enabled.

This feature allows for a complete release and reset of valuable computer resources (memory and threads) used by TradeItself 2006 on a regular basis and therefore extends the time TradeItself 2006 can run without a need to manually restart.

If you would like to disable this feature on your computer then uncheck this option.


Advanced Performance Settings>Email Options>Enable POP3 Secure Socket Layer (SSL) (back to top)

How To Find This Page:

  • From the front screen in TradeItself 2006 click the button in the top left hand corner called "Advanced".
  • On the "Advanced" page click "Click Here For Advanced Settings".
  • On the Settings page click the "Email" button.

Description: When connecting to certain GMail POP3 accounts it may be necessary for TradeItself to connect using a SSL (Secure Socket Layer).


Advanced Performance Settings>Email Options>Changing POP3 Port Number (back to top)

How To Find This Page:

  • From the front screen in TradeItself 2006 click the button in the top left hand corner called "Advanced".
  • On the "Advanced" page click "Click Here For Advanced Settings".
  • On the Settings page click the "Email" button.

Description: The default POP3 port number is 110, but in unusual circumstances where you may be working with your own internal mail server, you may wish to change the POP3 port number which TradeItself uses to collect email.


Advanced Performance Settings>FXCM Options>Disable Regular Check For FXCM Updates (back to top)

How To Find This Page:

  • From the front screen in TradeItself 2006 click the button in the top left hand corner called "Advanced".
  • On the "Advanced" page click "Click Here For Advanced Settings".
  • On the Settings page click the "FXCM" button.

Description: FXCM will from time to time update their software which allows TradeItself to place and monitor trades. When an update is required, access to FXCM is restricted until the update is performed. To anticipate this, and also to prevent interruption to automatic trading, TradeItself checks if an update is required between every email collection during automatic trading. If an FXCM update is required, TradeItself will automatically perform this update (which involves a restart of TradeItself) and continue with automatic trading.

So why give the option to disable this useful feature? Well there is a time delay (of about 10 seconds) involved in checking if an update is required every time emails are collected. If you are keen to reduce the time taken for TradeItself to invoke your trading instruction from the time that your email is collected then you may want to disable this FXCM update check.

WARNING: By disabling this check, it is possible that FXCM will update their software and restrict TradeItself access to the trading desk, thus not placing your trading instruction.

Note 1. FXCM generally aim to do all updates over weekends or during quiet market times.

Note 2. Every time TradeItself starts an automatic FXCM update check is performed irrespective of your setting here, so you are always as up to date as your most recent TradeItself login.


Manual Trading (back to top)

TradeItself 2006 provides a screen for placing trades manually. This is here to help you confirm that your trading instructions are reaching your FXCM account. The TradeItself log records all trading actions taken on this screen. The log is displayed at the bottom of this screen.

This screen is found by pressing the "Advanced" button on the TradeItself front screen. Then click the link "Click Here To Trade By Manually Entering Your Required Values". This will take you to the manual trading screen as shown below. Please read the notes carefully on this page.

There are two sections to this page: "Market Orders" and "Entry Orders". Click the respective links at the top left hand corner of this screen, just below the "Back" button, to change between "Market Orders" and "Entry Orders"

The Market Orders section of this screen appears as seen below:

 

The Entry Orders section of this screen appears as seen below:

(end of document)

 

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