Close Button

The Close button on the DoM Panel streamlines the process of exiting positions, allowing traders to swiftly adjust their market exposure:

• Close + Buys: Closes all buy positions that are currently profitable.
  
  
• Close - Buys: Closes all buy positions that are at a loss.
  
  
• Close Buys: Closes all buy positions, irrespective of their performance.
  
  
• Close All: Closes all open positions across all instruments, instantly neutralizing market exposure.
  
  
• Close Sells: Closes all sell positions, whether profitable or not.
  
  
• Close - Sells: Specifically closes all sell positions that are at a loss.
  
  
• Close + Sells: Closes all sell positions that are currently profitable.

These options enable traders to quickly adapt their portfolio in response to market dynamics or strategic adjustments, helping lock in profits or reduce losses.

Cancel Button

The Cancel button on the DoM Panel allows traders to discard pending orders that have not yet been executed, preventing unwanted trades:

• Cancel Buys: Cancels all pending buy orders.
  
  
• Cancel All: Cancels all pending orders, regardless of type.
  
  
• Cancel Sells: Cancels all pending sell orders.

This functionality is essential for traders who need to respond to sudden market changes or revise their strategies without being committed to previously set orders.

Reverse Button

The Reverse button in the DoM Panel facilitates a strategic reversal of trade directions, crucial during unexpected market shifts:

• Close + Buys: Reverses all profitable buy positions into sell positions.
  
  
• Close - Buys: Reverses all losing buy positions into sell positions.
  
  
• Close Buys: Reverses all buy positions.
  
  
• Close All: Reverses all positions in the portfolio.
  
  
• Close Sells: Reverses all sell positions.
  
  
• Close - Sells: Reverses all losing sell positions into buy positions.
  
  
• Close + Sells: Reverses all profitable sell positions into buy positions.
  
  

This tool is invaluable for traders aiming to quickly adjust to new market opportunities by changing the direction of their existing positions.

Hedge Button

The Hedge button on the DoM Panel is designed to help traders manage risks by enabling the opening of counter-positions to their current trades:

• Close + Buys: Opens counter-positions for all profitable buy positions.
  
  
• Close - Buys: Opens counter-positions for all losing buy positions.
  
  
• Close Buys: Hedges all buy positions.
  
  
• Close All: Hedges all positions in the trader's portfolio.
  
  
• Close Sells: Hedges all sell positions.
  
  
• Close - Sells: Opens counter-positions for all losing sell positions.
  
  
• Close + Sells: Opens counter-positions for all profitable sell positions.

Hedging is a strategic method to balance exposure and mitigate risk, especially valuable in unpredictable markets or when future market directions are uncertain.

Conclusion

The Order Action Buttons on the DoM Panel in FinStudio's Tradingboard module offer critical functionalities that empower traders to dynamically manage their positions with precision. Tailored to support specific trading actions—closing, cancelling, reversing, and hedging positions—these tools significantly enhance the trading experience, providing both novice and experienced traders with effective strategies to optimize their trading outcomes.