Close an order. 3.5.1. To close an order by means of the client terminal without using an expert advisor, the Client should press the button “Close” in the moment, when Company quotes satisfy him/her.
Close an order. To close an order by means of the client terminal without using an expert advisor, the Client should press the button “Close” in the moment, when Company quotes satisfy him/her. To close an order by means of the client terminal using an expert advisor, an order shall be generated to close the order at a current quote. The following orders “Stop Loss” and/or “Take Profit” may be used for closing an order. Processing orders to close a position ● If in the list of open orders on a trading account there are two or more locked positions, then while generating a request or an order to close any of those, an option “Close by” appears in the dropdown “Type” list. After choosing it, one or several open positions of the reverse direction appear. After marking the needed position from the list, a button “Close#...by#...” is activated. By pressing it the Client closes locked positions of equal volumes or partly closes two locked positions of different volumes. In such a case a smaller position and a symmetric part of a bigger one close, and a new position in the direction of a bigger between the two stays open, thus receiving a new ticker. ● If in the list of open orders on a trading account there are two or more locked positions, then while generating a request or an order to close any of those, an option “Multiple Close by” appears in the dropdown “Type” list. After choosing it, a list of all positions for the given tool appears and a button “Multiple Close By for...” is activated. By pressing this button the Client closes all locked positions for the tool. In such a case a new position(s) stays open in the direction of a bigger total volume, which receives a new ticker. Important: functions “Close By” and “Multiple Close By” do not operate for the tools with floating stock spread. ● When the note about closing a position appears in the log-file, this means that the Client’s order to close a position has been processed. ● If an order to close a position has been submitted for processing before a first quote appeared at the trading platform at market opening, such an order shall be declined by the Dealer. In the client terminal window a message “No price” will appear. The Company is entitled to cancel trade when the Dealer processed the Client’s order to close a position at a quote of a previous day closing by mistake. In such a case the Company contacts the Client and informs about it. ● If a “Market execution” type is used for a trading tool, quote for closing an orde...
