Knowledgebase: > Tree Management
Accounts Tree (Parameters Options)
Posted by Mohammad Rahhal, Last modified by Mohammad Rahhal on 21 February 2019 04:10 PM

VertexFX Trader activated the multi-level parameters management option, this option allow you to control and manage your tree, sub tree, groups, offices, white labels or specific client with the multi level parameters. 

Using parameters options, you can edit the parameters for your clients using multi-leveled tree manners. Manage your parameters with no need to access your clients' parameters and edit them one by one. The purpose for this feature is to organize and to easily configuring your clients' parameters for each client by one step and for each symbol once a time.

After the dealer adds clients to his system, he may set the parameters for those clients, and may distribute them into groups so each group will handle same configured parameters.

Parameters

 

A- Edit Parameters:

To change the parameters for a certain client or certain group, the dealer at first should open the BackOffice platform, and select that client/office from the accounts tree, and then press Right Click, select Parameters and choose Edit parameters. A new window will open showing two tabs (Symbols, General).

From the Symbols tab you can select the parameter type that you want to change from the drop down menu.

ParamSymbols

1- Symbols Tab

Here are the definition for each option of the Symbols Parameters:

Parameter Type Description
Spread
  • The spread is the difference between ask and bid prices on your market watch. There are 2 ways for spread calculation depending on your spread calculation type (Check the Spread Calculation from the Symbols Settings).
  • When you edit the spread for a certain node you can choose either Inherit (which means take the value of its parent node, the value appears in red), or Override (which means it has it's own value, the value appears in black).
  • You may set the spread to be “Source +” this will set the spread as it is from the Data Feed side plus a desired amount to be added to the Data Feed spread.
  • When you set the spread to be fixed value you may also distribute it on BID/ASK from the Spread Balance option.

Limit Offset This option shows you the number of pips that should be away from the current market price to place limit orders
Stop Offset This option indicates the number of pips that should be away from the current market price to place stop orders
Initial Margin (of amount of 1) This option indicates the amount that the client should have in his Effective Margin to be able to buy 1 lot from this specific currency. If you set it as "PERCENTAGE" then it will be equal to = Market Price * Contract Size * Lots Amount * Percentage
Maintenance Margin (of amount of 1)
  • If the amount of the Effective Margin gets less than; then this account will appear in the Maintenance Margin Call report From the report window in the Administration Panels.
  • This report will be checked manually from the dealer every certain period.
Visible To show or hide the correspondent symbol to the client, in this case you will prevent the client from trading in certain symbol(s) and the client will not see it at his market watch.
Commission (of amount of 1) From here you can set the client commission value for each symbol for one standard lot which will be deducted from the account balance.
Maximum Amount Per Deal From here you can set the maximum amount for each deal that this client can trade on.
Minimum Amount Per Deal From here you can set the minimum amount for each deal that this client can trade on.
Auto Broker if amount <
  • This option depends on the Auto Broker option from the System Options. If it was set as Conditional Auto Broker (from parameters).
  • So, from this parameter if it was set to be Always ON then the market orders will be accepted directly without using the Backoffice chatting screen. If it is Always Off then the order will need to be confirmed by the clients dealer.
  • There is another option here beside TRUE or FALSE: You can create a rule for your client's position per amount value. Let's say you want to make your client's position accepted if this position less than specific amount for example (2 lots) and if the market position amount is more than 2 lots it requires a dealer acceptance.

Limit/Stop Auto Broker if amount <
  • This option depends on the Auto Broker option from the System Options and if it was set as Conditional Auto Broker (from parameters).
  • So, from this parameter if it was set to be Always ON then the Limit/Stop orders will be accepted directly without using the Backoffice chatting screen. If it is Always Off then the order will need to be confirmed by the clients dealer.
  • There is another option here beside TRUE or FALSE: You can create a rule for your client's position per amount value, let us say you want to make your client's position accepted if this position less than specific amount for example (2 lots) and if the Limit/Stop position amount is more than 2 lots it requires a dealer acceptance.

Binary Payout From here you can set the binary payout. In case you want to set several payouts then seperate them with ##
Binary Period From here you can set the binary period. In case you want to set several periods then seperate them with ##

In each Symbol Parameter you can choose either Inherit (which means takes the value of its parent node, the value appears in red), or Override (which means it has its own value, the value appears in black). If you have chosen override, you can set the value of this parameter. At the end Press Submit.

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2- General Tab:

Back to the edit parameters option and choose the General tab, the following window will appear to you:

GeneralParameters


Here are the definition for each option of the General Parameters:

Parameter Type Description
Account ID Postfix You may set standard Postfix for certain accounts or leave it empty. This value will appear after the account ID of the clients statements.
Account ID Prefix You may set standard Prefix for certain accounts or leave it empty. This value will appear before the account ID of the clients statements.
Auto Liquidation
  • If it is set to ON then when the account reach to liquidation point all his open positions will be closed automatically.
  • If it is set to OFF then when the account reach to liquidation point all his open positions will be closed and sent to the dealers Chatting Screen.
Compute Commission/Interest

 To set when to deduct the Commission/Interest, either when open or close positions which will be deducted from the account balance.

Daily Email Statement
  • To enable/disable the daily email statement, this option will work on your system if the SMS service is activated.
  • And by this service your clients will receive statements about their account to the mobile phones if you entered a correct mobile number in the Account Info or SMS Configuration.
Enable Hedging
  • Use this parameter to enable/disable hedging for your clients.
  • If this parameter value is false then your client(s) will not be allowed to hedge their open positions, and in case the client open 2 lots sell and there is already 3 lots buy opened for the same symbol, the system will close the 2 lot buy position and 1 lot of the buy position as separated position (The closing will be FIFO).
Enable Interest This parameter is to enable or disable the interest for the client(s) by setting the value to true or false, check the Swap Rates tab from the edit symbol in the Symbols Settings to edit the interests settings. 
Enable Multi Sessions This parameter is to allow your client to connect with multi sessions for the same client login using different PC, if you set it to false your client can connect in one session only. 
Enable News To activate news source for each client which appears in the News Panel (you must be licensed with news service to have the ability to use this parameters).
Enable SMS Alerting To enable/disable the SMS alerting service for the client(s).
Enable SMS Scheduling To enable/disable the scheduling in SMS alerting service for the client(s).
GMT Offset Use this parameter to set different GMT offset for each client.
Liquidation Point
  • If the liquidation type is set to Equity, you will insert the value for the liquidation point.
  • If the liquidation type is set to Margin Level, you will insert the percentage for the liquidation level.
Liquidation Type
  • Gives you the ability to set for every client different liquidation type instead of setting the same type for all clients.
  • There are two types of liquidation either on Equity or Margin Level. (in margin level, level will be in percentage value).
Margin Requirement Type From "Margin requirement type" option you can specify how to calculate the margin requirement by selecting the way of the calculation from a dropdown menu which contains the following options:
  • Don’t compute hedged positions: 
    Whenever a client opens hedged position, no margin requirement is considered.
    Ex: Buy EUR/USD with amount of 4, Sell EUR/USD with amount of 4, margin requirements = 0 (assuming Margin requirement for EUR/USD is 1000 for amount of 1).
  • Compute one of the hedged positions: 
    Whenever a client opens a hedged position, margin requirement is calculated once.
    Ex: Buy EUR/USD with amount of 4, Sell EUR/USD with amount of 4, margin requirements = 4000 (assuming Margin requirement for EUR/USD is 1000 for amount of 1).
  • Compute the two hedged positions:
    Whenever a client opens hedged position, margin requirement is calculated twice.
    Ex: Buy EUR/USD with amount of 4, Sell EUR/USD with amount of 4, margin requirements = 8000 (assuming Margin requirement for EUR/USD is 1000 for amount of 1).
Monthly Email Statement
  • To enable/disable the monthly email statement, this option will work on your system if you activated the SMS service.
  • By this service, your clients will receive statements about their account to their mobile phones if you entered a correct mobile number in the Account Info or SMS Configuration.
Private Slide News

Use this parameter to display private news for a selected client.

Statement Header  To determine what will be the statement header
Statement Footer  To determine what will be the statement footer
Validate Money Before Closing Position If it is true this means your client can't close one of the hedge positions if the Effective Margin has no enough money and the margin requirement type option is "don't compute the hedged positions"
Weekly Email Statement
  • To enable/disable the weekly email statement, this option will work on your system if you activated the SMS service.
  • By this service your clients will receive statements about their account to their mobile phones if you entered a correct mobile number in the Account Info or SMS Configuration.


In each General Parameter you can choose either
Inherit (which means takes the value of its parent node, the value appears in red), or Override (which means it has its own value, the value appears in black). If you choose override, you can set the value of this parameter. At the end Press Submit.

 

B- Copy Parameters

  • In VertexFX system there is the Copy Parameter option which you will find if you select the parameter option for a certain account in the accounts tree.
  • After you select an account from the accounts tree --> Parameters --> Copy Parameter,  a window will appear, check the following picture:

CopyParameter

  • From this window you will notice that you can select the parameter type and copy the values of one symbol to another one by choosing the desired option from each drop down menu.
  • At the end and after you select your changes press on the Copy button and the parameter value will be copied.

 

C- Inherit All Parameters

  • In the VertexFX system there is the Inherit All Parameters option which you can find if you select the parameter option for a certain account in your accounts tree.
  • This option is useful when you make many Offices/Clients transfers in your accounts tree, so instead of editing each transferred Office/Client parameters manually you can use this option and set all the Office/Client under a certain group/office to inherit the same parameters.


See The Video Tutorial


See Also

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