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.
- Using your BlackBerry track wheel navigate towards the trading account / position you would like to view, from the list available in the Positions Screen
- Press the track wheel and choose Select from the side menu
- You will be redirected to the Position View screen of the Position you have chosen.
- Press the track wheel once again and select Place Order function.
- In the following sceen select Create Stop Order function from the menu.
- You will be rerouted to the Stop Order screen where it is required to provide pricing details.
MENU SCREEN
STOP ORDER SCREEN
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 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 track wheel scroll to the very bottom field and enter the numbers you think fit best
- Once required field is filled in press the track wheel and choose OK
- Once confirmed you will be redirected to the Positions screen
- Navigate towards the position you have just worked with
- Click the track wheel and access the Position View screen by pressing Select
- 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 the track wheel and select Place Order option
- Select Stop Order function from the menu.
- In the Stop Order screen, 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
- Once required field is filled in, press the track wheel and choose OK function from the side menu
- 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
MENU SCREEN
- In the Position View screen press the track wheel and select Place Order option
- In the following screen select Remove Stop Order function from the menu
- Once Remove Stop Order function is selected, the Warning screen will pop up
- Press your BlackBerry track wheel and indicate your choice: YES or NO (YES: remove stop order or NO: 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
WARNING SCREEN
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. - Using your BlackBerry track wheel navigate towards the trading account / position you would like to view, from the list available in the Positions Screen
- Press the track wheel and choose Select from the side menu
- You will be redirected to the Position View screen of the Position you have chosen.
- Press the track wheel once again and select Place Order function.
- Select Limit Order function from the menu.
- You will be rerouted to the Limit Order screen where it is required to provide pricing details.
LIMIT ORDER SCREEN
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 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 track wheel scroll to the bottom field and enter the numbers you think fit best.
- Once required field is filled in press the track wheel and choose OK
- Once 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 Order you have just placed for this particular position.
Change Limit Order Rate for Open Position - In the Position View screen press the track wheel and select Limit Order function from the menu.
- In the Limit Order screen, scroll down to the very bottom field and enter the necessary Limit rate changes.
NOTE: Since the Limit Order has been already placed, there are more options in the Menu - Once required field is filled in, press the track wheel and choose OK function from the side menu
- 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 new Limit Order Rate you have just changed for this particular position
Remove Limit Order from Open Position - In the Position View screen press the track wheel and select Place Order option
- In the following screen select Remove Limit Order function from the menu.
- Once Remove Limit Order function is selected, the Warning screen will pop up
- Press your BlackBerry track wheel and indicate your choice: YES or NO (YES: remove limit order or NO: cancel this request)
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- Using your BlackBerry track wheel navigate towards the trading account / position you would like to Hedge, from the list available in the Positions Screen
- Press the track wheel and choose Select from the side menu
- You will be redirected to the Position View screen of the Position you have chosen
- Press the track wheel once again and select Hedge Position function from the menu
- Once Hedge Position function is selected the Warning screen will pop up
- Press your BlackBerry track wheel and indicate your choice: YES or NO. (YES: hedge this position or NO: cancel this request.)
MENU SCREEN
- If the choice was YES (hedge this position) you would be 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 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 PositionThis function allows to Close positions at the market price. - Using your BlackBerry track wheel navigate towards the trading account / position you would like to Close, from the list available in the Positions Screen
- Press the track wheel and choose Select from the side menu
- You will be redirected to the Position View screen of the Position you have chosen
- Press the track wheel once again and select Place Position option
- In the following screen select Close Position function from the menu
- You will be rerouted to the Close Position screen where it is required to provide details on your Closing
CLOSE POSITION SCREEN
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 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 track wheel scroll to the Lot field and type in the number of lots
- Once required field is filled in press the track wheel and choose OK
- When confirmed you will be redirected to the Positions screen
- Access the Position View screen for the position you have just worked with
- You should be able to see that this particular position is no longer in the list among all available open positions
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