Managing Positions Print E-mail
Place Stop Order  
Change Stop Order  
Remove Stop order
Place Limit Order 
Change limit Order  
Remove Limit Order
Hedge Position Close with Hedge Close Position

Place Stop Order for Open Position

Stop Orders aim at closing positions at off-market prices. These orders will execute when market value of an Instrument reaches the Stop price set by the trader.
There are two possible ways to access Position View screen:
1.   In the Positions screen navigate towards the open position you would like to view. Press Select function.
2.   In the Positions screen navigate towards the open position you would like to view and simply press your phone middle selection key. You will be automatically rerouted to the Position View screen
 

POSITIONS SCREEN

Positions

POSITION VIEW SCREEN

Position

MENU SCREEN

Menu

  • Once in the Position View screen please select Place Order function
  • In the following screen select Create Stop Order from the available list
  • You will be rerouted to the Stop Order screen where it is required to provide pricing details.                                               

STOP ORDER SCREEN

Stop Order

There are several displayed fields:
Position: 
Position ID number
Instrument:
Account Currencies
Account:
Account number
Base Instrument:Account Base Currency
Open:The rate at which the order was opened.
Lot:
Number of lots / mini lots
B/S: Buy or Sell
Your Price:The new price should be entered into this field
  • Using the 4-way navigation keys scroll down to the very bottom field and enter the numbers you think fit best.  The price the user selects must be lower than the current price.
  • Once required field is filled in press OK function located at the right bottom corner of the screen
  • When confirmed you will be redirected to the Position View screen for the position you have just worked with
  • Scroll down to the Stop field where you should be able to see the Stop Order you have just placed for this particular position

POSITION VIEW SCREEN

Position

 

Change Stop Order Rate for Open Position
  • In the Position View screen press Place Order menu
  • Select the Update Stop Order function which will take you once again to the Stop Order screen
  • In the Stop Order screen, using the 4-way navigation keys scroll down to the very bottom field and enter the necessary Stop rate changes.
NOTE: Since the Stop Order has been already placed, there are more options in the Menu

POSITION VIEW SCREEN

Position

MENU SCREEN

Menu

STOP ORDER SCREEN

Stop Order

  • Once required field is filled in, press OK function at the bottom right corner
  • When confirmed you will be redirected to the Position View screen for the position you have just worked with
  • Scroll down to the Stop field where you should be able to see the new Stop Order Rate you have just changed for this particular position

WARNING SCREEN

Warning

 


Remove Stop Order from Open Position
  • In the Position View screen access Place Order menu and select Remove Stop Order function
  • Once Remove Stop Order function is selected, the Warning screen will pop up
  • Indicate your choice by pressing the OK or Cancel functions (OK:  remove stop order or Cancel: cancel this request)
  • When confirmed you will be redirected to the Position View screen
  • The Stop field should now be completely blank, since you have just removed the Stop Order from this position 
 

Place Limit Order for Open Position

Limit Orders aim at closing positions at off-market price. These orders will execute when market value of an Instrument reaches the Limit price set by the trader.
In general, Limit orders aim at closing positions at price higher than current market price.
  • Access Position View screen from Positions screen.
  • Once in the Position View screen press the Place Order menu and Select the Limit Order function from the available list.
  • You will be rerouted to the Limit Order screen where it is required to provide pricing details.          
NOTE: Since the Limit Order has been already placed, there are more options in the Menu
 

LIMIT ORDER SCREEN 

Limit Order

                                                                
There are several displayed fields:  
Position: 
Position ID number
Instrument:
Account Currencies
Account:  
Account number
Base Instrument:Account Base Currency
Open:The price at which the position was open
Lot: 
Number of lots / mini lots
B/S: Buy or Sell
Your Price:The new price should be entered into this field 
  • Using the 4-way navigation keys scroll down to the bottom field and enter the numbers you think fit best. 
  • Once required field is filled in press Yes function located at the right bottom corner of the screen           
  • When confirmed you will be redirected to the Position View screen for the position you have just worked with
  • Scroll down to the Limit field where you should be able to see the Limit price you have just placed for this particular position
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Change Limit Order Rate for Open Position
  • In the Position View screen access the Place Order menu
  • Select the Limit Order function which will take you once again to the Limit Order screen
  • In the Limit Order screen, using the 4-way navigation keys scroll down to the very bottom field and enter the necessary Limit rate changes.

POSITION VIEW SCREEN

Position View

LIMIT ORDER SCREEN

Limit Order

  • Once required field is filled in press OK function located at the right bottom corner of the screen           
  • When confirmed you will be redirected to the Position View screen
  • Scroll down to the Limit field where you should be able to see the new Limit Order Rate you have just changed for this particular position
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Remove Limit Order from Open Position
  • In the Position View screen access Place Order and select Remove Limit Order function
  • Once Remove Limit Order function is selected, the Warning screen will pop up
  • Indicate your choice by pressing the OK or  Cancel functions (OK:  remove limit order or Cancel: cancel this request)

POSITION VIEW SCREEN

Position View

WARNING SCREEN

Warning

  • When confirmed you will be redirected to the Position View screen
  • The Limit field should now be completely blank, since you have just removed the Limit Order from this position


Hedge Position

Depending on your agreement with the Dealing Desk you may be allowed to hedge existing position by executing the "Hedge Position" command.
NOTE: Close with Hedge function is available for hedged positions only
  • Access Position View screen; press the Place Order menu and Select the Hedge position function                                      
  • Indicate your choice by pressing the Select or Cancel functions (Select:  hedge this position or Cancel: cancel this request.)
  • If the choice was Select (hedge this position) you would be redirected to the  Hedge Position screen.     

HEDGE POSITION SCREEN 

Hedge Position

 
There are several displayed fields:  
Position: 
Position ID number
Instrument:
Account Currencies
Account:  
Account number
Base Instrument:Account Base Currency
Open:
The rate at which the position was open
Price:
Current price
B/S:Buy or Sell
Lot:Number of lots / mini lots
  • Using the 4-way navigation keys scroll down to the bottom field and enter the numbers you think fit best.  
  • After the confirmation you would be automatically redirected to the Positions Screen.
  • You should be able to notice that the duplicate position with the opposite function   (in this case Sell) and unique ID number was added to the list of opened positions.
 

Close with Hedge
This function is available for Hedge positions only and allows the trader to Close both positions simultaneously.
Although if you prefer to Close only one of the Hedge positions it may still be accomplished  by performing the standard Close position operation, also described in the Content.
NOTE: Close with Hedge function is available for hedged positions only.
 

CLOSE WITH HEDGE SCREEN 

Close with Hedge

 
 
 
Close Position
This function allows to Close positions at the market price.                                 
  • Access Position View screen; press the Place Order menu and Select the Close Position function                   
  • You will be rerouted to the Close Position screen where it is required to provide details on your Closing.
  • There are several displayed fields

CLOSE POSITION SCREEN

Close Position

There are several displayed fields:
Position:
Position ID number
Instrument:
Account Currencies
Account:
Account number
Base Instrument:Account Base Currency
Lot:
Number of lots / mini lots
B/S: Buy or Sell
Your Price:The new price should be entered into this field 
  • Using the 4-way navigation keys scroll down to the Lot field and set the number of lots / mini lots.
  • Once required field is filled in press OK function located at the right bottom corner of the screen
  • When confirmed you will be redirected to the Positions screen
  • You should be able to see that this particular position is no longer in the list of available open positions.
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