Unlocking DXtrade: Guide to Mastering the Trading Platform | Smart Prop Trader Help Center (2024)

DXtrade stands out as an intuitive and user-friendly trading platform engineered to deliver a seamless trading encounter. Renowned for its user-centric design, it provides a fluid and engaging trading atmosphere. By choosing DXtrade, you unlock a plethora of advanced functionalities, including customizable charting tools for detailed technical analysis, swift order execution, and a versatile interface adaptable to individual preferences. Should you require assistance or have inquiries regarding DXtrade, please don't hesitate to reach out to us via Live Chat.

Getting Started - Downloading DXtrade and Logging In:

Smart Prop Trader affords customers access to DXtrade using GooeyTrade.

Once GooeyTrade has been launched, users will need to sign in with their DXtrade issued username and password. Please note that customers won't input their Phase 1, Phase 2, or Funded account login credentials for this process. Users' DXtrade login credentials will be the name that starts with SPT_XXXXXX. Upon using your DXtrade username to login, customers will be able to select from which account they would like to utilize using the upper right-hand section of the GooeyTrade platform as showing in this screenshot:

Please note that Challenge accounts will appear with the word "Demo" listed beside it, whereas Funded accounts will appear with the word "Live" beside it. For users to differentiate between their Phase 1 and Phase 2 account numbers, customers can reference the email that came from Smart Prop Trader upon receiving their Phase 1 or Phase 2 account credentials, entitled "Welcome - Phase # DXTrade", or customers can reference their SPT dashboard page located on this page after logging in. Please see screenshot below for reference:

Please note: currently, customers can only login using the GooeyTrade desktop application. A mobile app should be available very soon.

Creation and Management of Simulated Orders on DXtrade:

To place a new order, navigate to the Chart tab and select the type of order you wish to create. You can follow the video below for reference:

Management of Watchlists and Simulated Positions on DXtrade:

To oversee your watchlists and simulated positions within DXtrade, navigate to the 'My Trading Account' tab and opt for 'Watchlist'. To add new instruments to your watchlist, simply select the 'Create Your List' option from the dropdown menu labeled 'Default Watchlist'. You can follow the video below for reference:

Opening Orders At Current Market Price and Placing Limit and Stop Orders:

Market orders are used when speed is crucial, as they are executed immediately at the best available price. However, they offer no guarantee of price, and slippage can occur, especially during volatile simulated market conditions. Limit orders are used to enter a position at a specific price level, allowing traders to control their entry price. However, there is a risk that the order may not be filled if the simulated market does not reach the specified price. Lastly, stop orders become a market order once a specified price level is reached. It is used to limit potential losses or protect profits by triggering a trade when the simulated market moves against the trader's position. In the video below, we detail how to open orders at the current simulated market price, execute limit orders, and implement stop orders within DXtrade.

Adding and Removing Indicators on DXtrade:

Traders often have specific trading strategies or styles they wish to execute within the simulated trading environment. By adding or removing indicators, traders can tailor the platform to their individual preferences and needs. This customization allows traders to focus on the indicators that are most relevant to their trading approach, thereby improving efficiency and effectiveness. We detail how to add and remove indicators within the DXtrade platform in the below video.