Chapter 8

Trading terminal

Send an order to one or several accounts, the lot sized on your risk, then hand stops, targets and guards over to Kara's risk engine.

5 min read · Version 1.2.51 · updated 29 September 2026

By the end of this chapter, you will know how to

• Prepare and send an order to several accounts at once
• Read the risk indices before sending
• Set up the risk engine: entries, exits and discipline
• Follow what the engine did, and why

Before you start#

• Plan: the terminal is included in the Copier and Complete plans, and in the free trial.
• Accounts: MetaTrader linked with the master password, cTrader or Rithmic. An account linked read-only (investor password) or with no terminal connected refuses orders, and the terminal tells you why.

Prepare an order#

1. 1
   Terminal > Trading Terminal, then New order.
2. 2
   Choose the asset and the side: Buy or Sell.
3. 3
   Choose the entry type.

   Market goes at the market price; Normal places an order at a price; Range splits the entry into several orders between two prices, from 2 to 100 orders.

4. 4
   Set the order type (Market, Limit or Stop-Limit), the stop and the take-profit.
5. 5
   Choose the accounts.

   One account, several, or All my active accounts.

6. 6
   Set the risk.

   In percent or in currency. Choose whether it is computed on the Balance or on the Latent Capital (open positions included), and whether commissions are deducted.

7. 7
   Read the summary, then Send order.

   For each account: lots, risk, expected reward and commissions.

Three special cases

Broker minimum lot

If the computed lot is smaller than the broker's minimum, the terminal warns you account by account: the order can go, but at the minimum lot, so with a higher real risk than requested. You confirm or cancel.

Reference price

If the asset has no quote in Kara, the terminal asks for a reference price. It is only used to size the position; the order still goes at market.

Trigger level

For a stop order, the price that fires the market order. It is also the price used to compute the lot.

Risk indices#

Before sending, the terminal measures what the order adds to what you already hold:

Correlation index

Share of open lots carried by a symbol that shares a currency with the order being prepared.

Hedging index

Share of open lots that cancel each other out: opposite positions on the same symbol.

All-positions risk

Total loss if every stop were hit, open positions and the order being prepared included. Positions without a stop, or in a currency other than the account's, are not counted; the screen says how many.

Follow your orders#

Each send gets a status: Queued, Sent, Filled, Rejected (with the reason given by the broker) or No ack. The page is then split into three tabs: Positions, History and Pending orders. Close all closes every open position of the accounts concerned, after confirmation.

In Pending orders, orders fall into two groups: those placed at the broker, which you can edit or cancel, and those held by the risk engine, waiting for their conditions to go.

The risk engine#

Advanced risk management sets what Kara's server does with your positions, without you having to stay in front of the screen. It is switched on and off with a toggle, and its rules apply to all your accounts: it is set up once, not account by account. Its settings are split into five tabs: Entry, Position, Exits, Discipline and Journal.

At the heart of the engine are virtual stops and targets: the level is kept by Kara's server, not at the broker. The engine watches the price and closes the position when it is hit, even with your computer off.

Entry

Conditional entry

The order is handed to the engine, which only sends it once its conditions are met, before an expiry date. If the price feed is down, the order waits for it to come back.

Spread guard

The entry waits for the bid-ask spread to fall back under the set threshold.

Orderflow condition

The entry waits for a flow condition. It is only offered on assets for which Kara receives order-flow data.

Position

Trailing SL

A trailing stop, with four logics: Fixed distance, Steps (R), Time or Volatility.

Break-even

The stop moved to the entry price once a given gain is reached.

Partial TP

Part of the position closed at one or several levels.

Trailing TP

A target that extends: On approach of the level, with Time, or with Volatility.

Exits

Time-stop

The position closed after a given duration.

Scheduled close

Closing at a set time, every day or on Fridays only.

Discipline

Max loss per day

In currency or in percent.

Max trades per day

Beyond it, no more entries.

Anti-tilt

A forced pause after a losing streak.

News guard

Blocks entries, or moves positions to break-even, in a window before and after each high-impact release.

On breach

Lock blocks new entries; Lock + close all also closes open positions.

A locked account shows the reason and the end time. While it is locked, the terminal refuses orders (daily guard active). To unlock it earlier, turn the guard off.

Engine journal

Every action of the engine is written there: break-even set, trailing stop moved, partial exit, conditional entry triggered, expired or refused, guard triggered, close on virtual stop or target, scheduled close. The journal shows all your accounts, or only the ticket's accounts.

On each position, small tags sum up what the engine holds on it: virtual SL and TP armed, BE applied, TP1, TP2… for partial exits, EXT when the target was extended, CLOSE when a close is in progress.