Programs / PFG FX Trader / Trading / Trade Positions

Trade Positions

Trade Position Opening and Closing

Opening of a trade position is execution of the first trade transaction, and by closing — execution of the reverse trade transaction. Opening of the trade position is being made by brokerage company according to Market Order or by execution of Pending Order. Closing of the position occurs:

• during execution of the Stop Loss order;
  
• during execution of the Take Profit order;
  
• after issuing by user a command for closing of the trade position.

If among open positions there are the one or several reverse ones, it is possible to close the chosen position together with the reverse one. For that after defining reverse position-counteragent one should press the activated button "Close #XXXXXXX by ...". If the reverse position has the same size with the one being closed, the financial result of the following operation is defined by the difference between opening and closing rate. If the positions are positions with different size, the smaller size of the reverse positions is being calculated.

Instant Execution Technology

Instant Execution Technology (IE) is that immediately after the window "New Order" is opened, there appear current quotations in real time mode. The buttons "Sell" and "Buy" are always active. At any moment pressing the button leads to giving an order. The step of a quotation query by the brokerage company is excluded from the process of trade execution.

During the intensive price movements after pressing the buttons "Sell" or "Buy" the window "Requote" can appear. In the window there will be offered new quotations against which a trade operation can be executed. By closing position the new quotations also appear in real time mode and the buttons of all available operations are active.

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