Navigating Rails Play
This guide helps you navigate the Rails Play platform effectively.
Whether you're a beginner or aiming to enhance your skills, these articles simplify the core aspects of the platform, and where to find them. For order types and details on trades, see our Trading Features guide.
Evaluation Page Overview
The evaluation page is where you place orders, trade, and monitor your account equity in your evaluation account.
Below, you will find a detailed explanation of each section.
Market Data Selector
The market data displayed at the top left of the page provides a real-time snapshot of key metrics that help you assess the activity and dynamics of the asset selected in the price chart.
Use the drop down to change to your preferred market.
The current index price of the asset is shown in USD pulled from our Index Price Sources along with the daily % change.
24h High and 24h Low of the Index Price is shown next to the index price and % daily change.
Price Chart
The price chart is a graphical representation of a cryptocurrency’s price movements over time. It helps traders analyze market trends and pricing fluctuations.
Rails Play uses the Trading View Price Chart, showing the Index price of the asset from our Index Price Sources.
Trade Summary Panel
Rails Play makes it easy for you to access key information on your recent trading activity for an active evaluation at the bottom of the main trading screen, in 4 tabs at the bottom left of the Evaluations Page.
Positions:
The Position summary tab provides real-time information on all open positions. It lists the following details:
Market/Price: The asset name of the trade placed (e.g. BTC-USD), and the current index price of the asset, pulled from our Index Price Sources.
Position Value/Qty: This is a real-time notional value of your open position represented in USD, and asset quantity (or size).
Margin/Leverage: The available balance being held as collateral to control the open position if leverage is used, and the leverage (1x to 10x) selected when placing the trade.
Average Price: The average entry price of all trades used to fill the order. This will always be the index price at the time the trade was executed.
Unrealized P&L: The current gain or loss on an open position, based on the difference between the entry price and the current market price, but not yet locked in by closing the trade.
Realized P&L: The total profit or loss that has already settled as a result of funding.
Close: Click the X to close your open position.
Open Orders:
This section lists requested orders that have not been filled yet. It displays the following details:
Market: The asset name of the open order (e.g. BTC-USD).
Side: The direction of the trade (Buy or Sell).
Price: The limit price in USD set when the order was placed.
Quantity: The total asset quantity of the open order (size).
Total Amount: The total price in USD of your order.
Time Placed: The date and time the order was placed.
Cancel: The X allows you to cancel the order.
Trigger Orders
This section is where you find the trigger orders placed to protect your trades. It displays the following details:
Market: The asset name of the trade (e.g. BTC-USD).
Trigger Type: Indicates whether the trigger order is a take profit or stop loss.
Side: Indicates whether the order will buy or sell when triggered.
Trigger Price: The price at which the trigger order will execute.
Quantity: The asset quantity that will be bought or sold when the trigger order executes.
Total Amount: The total price in USD of your trigger order.
Time Placed: The date and time the trigger order was placed.
Cancel: The X allows you to cancel the trigger order.
Recent Trades
This section shows your most recent completed trades. It displays the following details:
Market: The asset name of the trade (e.g. BTC-USD).
Side: Indicates whether it was a buy or sell trade.
Price: The asset price in USD at the time the trade was executed.
Quantity: The quantity of the asset that was "bought/sold" in the trade.
Total Amount: The total price in USD of your trade.
Completed At: The date and time the trade was executed.
Account Panel
Before you've purchased an evaluation, the account panel displays a way to purchase an evaluation, which is explained here. Once you purchase an evaluation, the Account Panel displays easy access to your account equity and the progress you've made in your current evaluation account:
Account: Your current evaluation account's equity balance, including unrealized P&L and estimated fees. This value will change as prices fluctuate, when you have open positions.
Progress: a snapshot of your current evaluation progress, along with summary balances. You can learn more about each balance and how your Progress is affected in Evaluation Criteria.
Initial Balance: the starting account balance when you purchased the evaluation.
Target Balance: the finishing account balance (profit target) you need to win an evaluation.
Max Drawdown: the lowest your account balance can reach for the entire evaluation. This is fixed as a percentage (6%) below your initial balance.
Daily Loss Limit: the lowest point your account balance can reach in a day. It is recalculated daily, based on your balance at 00:00 UTC, and set as a percentage (4%) below that starting balance.
Equity: Track your account equity with a historical chart and receive hourly updates along with summary data.
Green line: your target equity balance to win an evaluation.
Blue or Yellow line: shows you where your current equity balance sits. In the graph, a blue line shows your equity balance is above the starting point, while a yellow line indicates it is below the starting equity balance.
Red line: represents your daily failed equity balance, representing the balance when the Max Daily Drawdown rate applied since the daily reset.
Available Balance: This is the amount you can use to place new trades. It updates in real-time as you open or close positions, realize profits or losses, and deposit or withdraw funds.
Account Balance: This is the total current balance of your account including both available balance and amount in trades. This updates dynamically if you have open positions, as the index price of your open position fluctuates.
Fees: The total amount of fees paid for executed trades.
P&L: Your total realized profit and loss across all positions within the current evaluation account. When you close a position, the profit (or loss) you earn (or lose) becomes your realized P&L.
Order Panel
This is where you place your trades.
The order panel displays a dynamic summary of your order. Use the percentage bar to select what portion of your buying power you wish to deploy for this order, where buying power refers to your available balance multiplied by your account leverage.
See our Trading Features article for detailed information on available order types and how to place trades for your evaluation.
My Account Page Overview
The My Account Page is where you see your the full history of your current and prior evaluations. These help you to learn from past evaluations to improve and refine your trading strategies.
Expand each section below for more information:
Current Evaluation
Once you've purchased an evaluation, you'll be able to see your current evaluation account at the top of the list on the left of the page. Click into the evaluation to see how you are progressing in real time:
You'll see the following information:
Equity: Your current evaluation account's equity balance, including unrealized P&L and estimated fees, and the progress made towards your profit goal.
Live Equity Progress Bar: A slider marks your current equity balance (including unrealized P&L and estimated fees) relative to your target equity, as well as your max drawdown and daily loss equity limits.
The clock icon
resets daily at 00:00 AM UTC when your Daily Loss Limit is recalculated.
Make sure you understand the evaluation criteria well!
Rewards: A badge shows your potential trading credit reward if you win the evaluation.
Open Positions: Displays details of the open positions in your current evaluation.
Market/Price: The market and current index price in USD of the open position.
Position Value/Qty: Total notional value and quantity (size) of the position.
Margin/Leverage: The available balance being held as collateral to control the open position if leverage is used, and the leverage selected when placing the trade.
Average Price: The average entry price of all trades used to fill the order. This will always be the index price at the time the trade was executed.
Unrealized P&L: Profit or loss not yet realized on open positions.
Positions History: Displays details of all closed positions in your evaluation:
Pair/Date: Market, position type (green "L" for long, red "S" for short), and the opening date/time.
Amount: Position size in USD equivalent and the position size.
Entry Price: Index price of your position when it was opened.
Closed Price: Index price of your position when it was closed.
Fees: Total fees applied for opening and closing the position.
Realized P&L: Total profit or loss realized at position close.
Evaluation History
Your most recent evaluation accounts are listed to the left of the page under Recent. Click into any prior evaluation to see your results:
You'll see the same information described in the current evaluation section.
Rewards Page Overview
Before you continue:
If you are eligible for Trading Credit Rewards, they can be found in your Rails Rewards Wallet.
Find out more about Rewards for Rails Play here.
The Rewards Page in Rails Play provides an overview of any points rewards that you have earned.
To the right of the screen, you'll see details of your points rewards:
Type: specifies if the points were earned for winning or simply purchasing an evaluation
Date: the date you purchased the evaluation
ID: the unique Evaluation ID
Points: the number of points received