Close Position

Allows you to fully or partially close positions.

 

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1.Enter the amount you wish to close (measured in lots) into the “Amount” field.

Note: By default you are offered to fully close the position.

2.Click OK to confirm the order. The position will be closed and the account information will be updated.

Note 1: You may have to wait for confirmation of the order by a Dealer. In this case the order will appear in the Orders window. Otherwise the order will be verified and either confirmed or rejected by the system.

Note 2: You can simultaneously close several positions using multi-select (holding CTRL while selecting individual positions). You can also close all open positions by right-clicking on the position record and selecting Select All from the pop-up menu.

 

In both cases, this confirmation dialog box will appear:

 

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Click OK to close the selected positions.

 

Note, that the system will not allow you to close the position which already has existing C order waiting for the dealer’s confirmation.

If you select a position with a C order created earlier, you will receive the following message: "There is an existing C order [order number] to close [order amount] in ticket [ticket number]".

A new C order will not be created

If you select several positions to close, the C orders will be created only for those positions which do not have existing C orders. The system will check your positions one by one, and if it finds a position with a C order created earlier, it sends the message described above, and stops checking the remaining positions.

Partial Close

When a position is partially closed, its original opening price and original parent order number does not change. Its ticket number and closing time is changed.  Opening Time of the remaining part equals to the closing time of the amount for which position was closed.

Example:

8 lot position to Buy EURGBP at 85.19 was open 09/17/2010 at 1:27:29 PM. Ticket number 47822. Parent Order number 47821.

09/20/2010 at 09:50:48 AM this position was partially closed for 2 lots at 85.20.

As a result

In the Open Positions window, remaining part of the position (6 lots) has different ticket number 47941, parent order number (47821) and opening price (85.19) did not change. Opening time equals to the closing time of the amount for which position was closed 09/20/2010 at 09:50:48 AM.

In the Closed Positions window, 2 lots for which position was closed have initiate ticket number 47822. Opening time equals to 09/17/2010 at 1:27:29 PM, Closing time equals to 09/20/2010 at 09:50:48 AM.