Open Positions Window

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

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.

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:

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