PCI Trading Features

After creating and placing PCI in the “Market watch” window, it may be traded as a common instrument, set pending and linked orders Take Profit and Stop Loss.

Current Bid and Ask values of PCI are calculated from the current Bid and Ask values of all the components, included in the instrument, taking into consideration their weights in the structure of the PCI. The PCI quotation accuracy is defined by the accuracy of the assets included in it and is set in six digits (the sum of digits before and after the decimal point). The typical spread of PCI is defined by the weighted averages of the instruments, included in it.

PCI swaps are calculated as a sum of swaps of all its components.

The created PCI may be traded only during the trading sessions of all the components, included in it.

Note that actually PCI trading means a group of operations with the included components, when it is possible to perform series of deals in set volumes and directions with only one command. That is why the purchase/sale of the PCI may be decomposed into positions on common instruments.

If the trader has opened a PCI position, all the corresponding positions of the instrument’s components are also available in the terminal. Moreover, when the trader closes a position on at least one of the components, the PCI “breaks down” (and is removed from the PCI database), but the rest of the components are saved in the system as ordinary positions.

There is no “Order distance” for PCI, orders may be set “directly in the market.” However, the trader cannot put forward a fixed slippage value and get a re-quote. Trading is realized by market prices of the instruments, included in the PCI at the moment of receiving the order by the server.

The calculation of the PCI charts is implemented by the speacialized chart server with the set accuracy. The accuracy of the calculation and the display of the historical data can be set on the PCI chart by the context menu in the "PCI accuracy" parameter accepting values from 0 to 7 (3 by deafult). The value of this parameter defines the calculation depth in the sequence of timeframes - for example, in case of the value =3 for calculating the H1 chart the server uses the historical data of the separate components from 5 minutes timeframes. The chart, formulated in real time while the client terminal is switched on, has a maximum possible accuracy regardless the value of this parameter. The PCI on charts does not influence the accuracy of the deal performance and order activation.

Limitations on working with PCI in the current version of NetTradeX terminal:

  • The maximum number of PCIs is not more than 100 for one account;
  • The maximum number of PCIs in the subset of “Instruments in Use” is not more than 10 for one “Workspace”;
  • The maximum number of assets (base plus quoted) is not more than 25 for one PCI;

For working with PCI you need to download the terminal and open an account on NetTradeX platform.

You can find the instruction for creating and using PCI through GeWorko Method on NetTradeX trading terminal on ''Quick Guide'' page.

Traders and fund managers may find articles about the application of Personal Composite Instruments, created through GeWorko Method, in the constantly updated section "Articles on application of PCI" on the website of IFC Markets.