Read the active state first
The highlighted controls describe the draft you are editing. Read them left to right before changing prices.
| State | What it tells you | What changes it |
|---|---|---|
| Buy / Sell | The planned direction and correct loss/profit sides. | Choose the corresponding dock action. |
| Market / Pending | Market entry follows live bid/ask; pending entry is editable. | Use Buy/Sell or the matching P. action. |
| % / $ / Lots | How the risk value is interpreted. | Select the risk mode in the order dialog. |
| R/R lock | When active, TP follows entry/SL changes to keep the chosen ratio. | Click the lock button. |
| Pending lock | When active, SL and TP move with a dragged pending entry. | Click the pending lock button. |
Market orders
- Click Buy or Sell on the dock.
- Rendiq Trade Manager draws the planned entry, stop loss, and take profit on the chart.
- Choose the risk mode and risk value.
- Adjust SL, TP, or R/R. The market entry follows the live bid/ask.
- Review Lot, Risk, and Reward in the summary.
- Press Send. Wait for confirmation and verify the resulting position.
Before Send, the chart shows an editable plan and MetaTrader has no new position. After a successful Send, the draft clears and the new position appears in MetaTrader’s Trade tab.
Choose the right risk mode
| Mode | You enter | Rendiq Trade Manager does | Best used when |
|---|---|---|---|
| % | A percentage | Calculates volume from the selected capital base and the SL distance. | You want consistent account-relative risk. |
| $ | A money amount | Calculates volume so the planned SL loss is near that amount. | You work with a fixed money budget per trade. |
| Lots | A fixed lot size | Uses that volume and shows the resulting money and percentage risk. | Volume itself is your primary constraint. |
The final lot size is adjusted to the symbol’s permitted minimum, maximum, and step. If that adjustment would exceed a requested percentage or money risk, Rendiq Trade Manager blocks the order instead of silently accepting more risk.
Pending orders
Click the green or red P. button to prepare a pending buy or pending sell. Drag or edit the entry price. Rendiq Trade Manager determines the correct limit or stop type from where the entry sits relative to the market.
Pending lock off
Moving entry leaves SL and TP at their prices. Use this when those price levels are fixed by market structure.
Pending lock on
Moving entry carries SL and TP with it. Use this when you want to preserve the draft’s distances.
With Prop protection enabled, active pending orders count toward the maximum positions/orders and total SL risk—even before they trigger.
Crossing the pending entry through market changes the displayed limit/stop type automatically. After a successful Send, the draft clears and the exact pending ticket appears in MetaTrader and in Rendiq Trade Manager’s Pend. view.
Three ways to edit a draft
Drag on chart
Drag the entry, SL, or TP handle for visual placement.
Edit price
Enter the exact price in the summary row.
Edit points
Set the desired distance in points where that field is editable.
See the order-planning demonstration on the product page.
Risk / reward and its lock
R/R compares potential reward with planned risk. For example, 2.0 means the target distance is twice the stop distance.
- R/R lock on: changing entry or SL recalculates TP to preserve the chosen ratio.
- R/R lock off: entry, SL, and TP can be changed independently; the displayed ratio updates to match.
- Use the minus/plus buttons for the configured step, or type an exact value.
Before pressing Send
- ✓ Direction matches your plan
- ✓ Entry is market or pending as intended
- ✓ SL is on the loss side
- ✓ TP is on the profit side
- ✓ Lot and money risk are acceptable
- ✓ Prop limits leave enough room
- ✓ Symbol and chart are correct
- ✓ Algo Trading is enabled
If no draft exists, Send is refused with “Press Buy or Sell before Send.” Create the intended direction first rather than treating Send as a quick market-entry button.
Cancel means cancel the draft. Cancel or closing the order dialog removes the planned chart drawing. It does not close an already submitted position or delete a broker pending order.