Place Stop Order for Open PositionStop 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.
• Access Positions screen from the Main Menu
• Scroll down to the desired position and press Select
POSITIONS SCREEN
POSITION VIEW SCREEN
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MENU SCREEN
 |
• Once in the Position View screen please select Place Order function
• In Place Order menu select Stop
• In the following menu select Create Stop Order
MENU SCREEN
STOP ORDER SCREEN
Stop Order Screen details:
|
| Position: |
Position ID number |
| Instrument: |
Account Currencies |
| Account: |
Account number |
| Base Instrument: |
Account Base Currency |
| Open: |
The price at which the position was open |
| Amount: |
Amount of money on an account |
| 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
Change Stop Order Rate for Open Position• In the Position View screen press Place Order menu
• Select Stop
• In the following menu select Update Stop Order
• 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
Remove Stop Order from Open Position• In the Position View screen access Place Order menu and select Stop
• In the following menu select Remove Stop Order
• 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 PositionLimit 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.
To place a Limit Order for an Open Position do the following:
• Access Position View screen from Positions screen.
• Once in the Position View screen press the Place Order menu and Select Limit
• In the following menu select Create Limit Order
• 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 Screen details:
|
| Position: |
Position ID number |
| Instrument: |
Account Currencies |
| Account: |
Account number |
| Base Instrument: |
Account Base Currency |
| Open: |
The price at which the position was open |
| Amount: |
Amount of money on an account |
| Price: |
The new price should be entered into this field |
Change Limit Order Rate for Open Position• In the Position View screen access the Place Order menu and select Limit
• In the following menu select Update Limit Order
• 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
 |
LIMIT ORDER SCREEN
|
• Once required field is filled in press OK function 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
Remove Limit Order from Open Position• In the Position View screen access Place Order and select Limit
• In the following menu select Remove Limit Order
• 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
 |
WARNING SCREEN
 |
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 PositionDepending 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
HEDGE POSITION SCREEN
Hedge Position screen 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 |
| Market Price: |
Current price |
| Amount/Lot: |
Amount of money on an account/Number of lots / mini lots |
In Hedge Position screen navigate 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 and unique ID number was added to the list of opened positions.
Close with HedgeThis 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 manual.
NOTE: Close with Hedge function is available for hedged positions only.
Close PositionThis function allows closing positions at the market price.
• Access Position View screen; press the Place Order menu and select Close Position function
• You will be rerouted to the Close Position screen where it is required to provide details on your closing.
CLOSE POSITION SCREEN
Close Position screen 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 opened |
| Market Price: |
The new price should be entered into this field |
| Amount/Lot: |
Amount of money on an account/Number of lots / mini lots |
• 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 at the 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.
