NPB Trader terminal
Often, brokers, for the convenience of their clients, create their own trading platforms or provide a wide selection of existing ones.
As a rule, such experiments end in failure, and platforms and certain types of accounts simply become history, all because in the vast Internet community most of the training instructions are tailored specifically for such professional applications as MT4 and MT5.
However, despite the weakness of the applications that are developed by brokers, they very often have certain functions that are not found in the trading terminals we are used to, which makes them more unique and their purpose is aimed specifically at professional players, for whom convenience is paramount.
NPB Trader is a trading platform that is designed for clients of the largest banking broker Nefteprombank.
For the first time, this kind of application becomes available for such operating systems as Linux, Solaris, and all familiar versions of Windows.
To do this, just fill out a form with contact information and email, where you will receive a login and password for authorization. The process of installing the program will not cause any difficulties, since it is no different from installing ordinary programs. After launching and logging in, you will see this interface:
Immediately when you open the program, you get a rather positive impression, since even with the naked eye you can see that the program interface is very similar to Meta Trader 4 , which means that its functionality is quite easy to understand for anyone who has ever worked with professional platforms.
There are four types of charts available in the program, namely line, candlestick, bars, and closing points. Changing the graph type is quite simple; to do this, left-click on the graph and a window will appear in front of you where you can change the graph type and color.
If we talk about graphical analysis tools, unlike MT4, their set is quite modest, since we only have access to the Fibonacci grid, horizontal and vertical lines, trend lines, channels, as well as text inserts and arrows.
In general, a very limited set of tools, since Fibonacci Fan , Fibonacci Arcs, Andrews Pitchforks, Gann tools and many others are not available to us. You can see all the available tools in the top panel, and in order to use them, just select the icon we need and put it on the chart:
In terms of technical analysis, NPB Trader has 19 of the most popular standard indicators available to you. You can add them to the chart in two ways. The first way is to call the menu with the right mouse button on the chart itself, where in the list of options you need to select “Add indicator”.
The second way is to click on the icon in the top panel responsible for indicators.
In the bottom panel, you can see four tabs, namely Trading, Trades, News, Alerts. In the “Trade” tab you can see information on open orders, pending orders, and general balance information.
In the “Transactions” tab you can see the history of operations, and in the “Alerts” tab various events that occur during trading are displayed. The most interesting tab for news traders is the “News” tab. It receives live data in Russian.
The trading process is very simple. In order to open a deal, you need to right-click on the chart to bring up the menu and click on “Transactions”. A window will appear in front of you with an offer to sell or buy currency, as well as the required transaction volume.
To work with pending orders, you need to click on “Order” in the same menu as for opening transactions. Unlike MT4, NPB Trader has much wider functionality for working with pending orders.
You have the opportunity to set stop and limit pending orders , mutually cancelable, namely, if one is triggered, the second is deleted automatically, orders for execution and mutually cancelable for execution.
The essence of an order for execution is that if the first order is triggered, then the second one is executed automatically, and if one order is triggered, two pending orders are cancelled.
It may seem difficult at first glance, but for traders who work with pending orders and grid strategies, these features are simply irreplaceable.
In general, the platform has basic functionality for technical and fundamental analysis, but lacks some popular tools. Expanded functionality for working with pending orders will allow traders to work with even the most complex grid trading strategies.
If we talk about the disadvantages, we can immediately highlight that there is no possibility of using trading advisors and custom indicators.
Unfortunately, at the moment the company no longer provides access to the Forex market, so for trading it is recommended to use another, no less functional terminal - http://time-forex.com/praktika/terminal-trejdera