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Open Positions Window
Place Stop/Limit Orders
Hedge Positions
Close Positions
The Open Positions Window displays all open
positions and allows the trader to set "Stops" and "Limits" on open
positions, as well as to close positions at the market price.
The overall number of open positions (in
lots) is shown in the Window title.
The following information is available in
the Open Positions window:
AcctID (Account ID) – account number
Own (Money Owner ID) – money owner's name
Ticket (Ticket Number) – number of the ticket assigned to the trade confirmed by the dealer ( Note: ticket number is not the same as order number )
Cur 1 (Currency 1 ) – first/contract currency
Cur 2 (Currency 2 ) – second currency
Lot (Trading volume (Lot)) – number of lots traded in the position
Amt, K (Trading Volume (K)) – amount in first/contact currency traded in the position (amount = lot size *number of lots)
B/S (Buy/Sell) – buy or sell position
Open (Open Rate) – rate at which the trade was opened
Close (Close Rate) – current rate at which the trade can be closed
Stop (Stop) – Stop Orders are aimed at closing positions at off-market prices. These orders will execute if
market value of an instrument reaches the stop price. In general, Stop orders aim at
closing positions at a price “worse” than current market price.
Limit (Limit) – Limit Orders are aimed at closing positions at off-market price. These orders will execute if
market value of an instrument reaches the limit price. In general, Limit orders aim at
closing positions at price “better” than current market price.
P/L (Profit/Loss (points))
– Gross P/L; floating profit or loss on a position (in pips) at the current moment
Com (Commission) –
total amount charged by the system on a position at the moment of position opening
Prm (Premium) – end
of the day rollover premium/fee. Total amount paid to or charged from the positions that
are not liquidated at the end of the trading day. The premium rate for each currency can
be checked in the “Currency Reference Rates” window.
Net P/L (Net Profit/Loss)
- profit or loss on a position (in base currency) at the current moment. The Commissions
and Premium are taken onto the account.
(Net P/L = Gross P/L [in base currency
of the system] - Com +/- Prm)
Time (Time) –
position opening time
AcT (Account Type) - type
of the account (T – trading accounts, G – group accounts, M – individual
managed accounts within the group account)
PrOrd (Parent Order ID)
– number of the order that has initiated opening of this position
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The following functionality is available in
the Open Positions Window:
Place Stop order - Within the position record left click on the “Stop” field or right
click anywhere and choose the "Place Stop" command from the pop-up menu. The
"Stop" dialog box will appear:
Enter the desired "Stop" rate and
click OK. The "Stop" rate will appear within the position record.
Place Limit order - Within the position record left click on the “Limit” field or right
click anywhere and choose the "Limit" command from the pop-up menu. The
"Limit" dialog box will appear:
Enter the desired "Limit" rate
and click OK. The Limit rate will appear within the position record.
Please note that a combination of Stop and
Limit Orders will create an OCO (one cancel other) situation.
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Hedge Position - Depending on your agreement with the Dealing Desk you may be allowed to hedge
existing position by executing the "Hedge" command from the window's pop-up
menu.
Close With Hedge – available for
hedged positions only ; right click anywhere within the record, choose “Close with
hedge” command, the confirmation box will appear:
Press ok. Both the chosen position and the
respective hedging position will be closed
Change Font – right
click on any record in the window, choose “font”, choose desired settings for
the font
Show and Hide Columns – right
click on the header, choose “columns” and check boxes next to columns you want
to appear in the window
Refresh Data - right click
within any record or on the header, choose “refresh”
Sort Records - right click
on the header, then choose “sorting”, then choose “ascending”,
“descending”, or “default,” or simply left-click the column title. All
records in that column will be sorted
Show/Hide managed positions – by
default positions opened on all individual managed account are shown for G-account only
(blue-colored records; account ID's for such accounts start with letter “m”). To
see positions by individual managed accounts use “Show Managed Positions”
function. You can access individual managed positions by placing a checkmark in front of
the “Show Managed Positions” message; to add or remove a checkmark right click
at the header, and left click at the “Show Managed Positions” message.
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Close position - Within the position record left click on the “Close” field or right
click anywhere and choose the "Close Position" command from the pop-up menu. The
"Close Position" confirmation box will appear:
Click OK. A new order marked with the
letter ‘C' (Close) will appear in the Trader's Orders Window. The Dealer can either
confirm the execution or reject the price due to market movement.
• If the Dealer confirms the
order, the ‘C' record will disappear, and the desired position will be closed. The
account information will be updated.
• If the Dealer rejects the
order due to the market movement, a green colored “C” order in the Trader's
Orders Window will be replaced by yellow colored “T” order. This order will show
the new market price. A message box will appear notifying the Trader that the price has
changed, displaying a new price. The Trader will have several seconds to either accept
this new price by clicking the "Accept New Price" button at the bottom of the
message box, or to remove the order, by clicking the "Remove Order" button at
the bottom of the message box.
If the trader does not accept the new price
within the “reaction time” the order will be removed by the system and the
following message will appear.
• If the dealer removes the
order the following message will appear on the screen:
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