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Open Positions - Window
The "Open Positions" window displays all open positions and allows placing
Stop, Limit orders and Trailing Stops, as well as closing positions at the
market price. Any executed orders that are entered from the "Open Positions"
window will serve to close out part or all of that position. The following
functionality is available on the "Open Positions" window:
Stop order
This is a conventional "Stop" or "Stop loss" order. From the
"Open
Positions" window, right click within the position row and choose "Stop"
from the pop-up menu. The Stop dialog box will appear: enter desired Stop
rate in the top field and click "Submit" (other parameters in this dialogue
box are for a "Trailing Stop" and can be ignored). The Stop order has now
been placed and the Stop price will appear in the "Stop" column in the
"Open
Positions" window.
Click on the display below for detailed visual instructions with voice:
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Trailing Stop order
A Trailing Stop will remain at a specified distance as the market moves in
your position's favour (following or "trailing" the market), but will remain
fixed if the market moves against the position, acting like a one-way
ratchet. To place a Trailing Stop, go to the "Open Positions" window, right
click within the position row and choose "Trailing Stop" from the pop-up
menu. The Stop dialog box will appear with the "Set Trailing Stop Distance"
checked: enter the distance in pips/ticks in the bottom field and click
"Submit". The Trailing Stop order has now been placed and the specified
"Distance" will appear in the "Tr.Stop" column ("TrailD"
on the Java-based software) in the "Open Positions"
window, and the resulting stop price will appear in the "Stop" column.
Click on the display below for detailed visual instructions with voice:
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Limit order
From the "Open Positions" window, right click within the position row and
choose "Limit" from the pop-up menu. The Limit dialog box will appear:
enter
desired Limit rate and click "Submit". The Limit rate will appear in the
"Limit" column in the "Open Positions" window.
Click on the display below for detailed visual instructions with voice:
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Close position
From the "Open Positions" window, right click within the position row
and select "Close position" from the pop-up menu. The Close position
confirmation box will appear: the "Amount (Lots)" field will default to
the entire position size. If you wish to close out only part of the
position, change this field to the amount of lots you wish to close.
Click "OK". The position will now be closed at the current market
price.
Click on the display below for detailed visual instructions with voice:
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