Forex Trading UM 5 - Open Positions Window


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	Forex Trading User Manual - Open Positions Window


	Place Stop/Limit Orders 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

	Forex Trading - Top of Open Positions Window


	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.

	Forex Trading - Top of Open Positions Window


	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:



	Forex Trading - Top of Open Positions Window

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