iPhone Mobile Trading System | Managing Positions
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.
- Access Positions screen from the Main Menu
- Scroll down to the desired position and tap it
POSITION VIEW SCREEN
- Once in the Position View screen please tap the screen to Access the Trading Actions Menu
- In Trading Actions Menu select Stop Order
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
- Lot: Number of lots / mini lots
- Price: The new price should be entered into this field
- In Stop Order Screen make the desired adjustments and tap Done
- In the following Warning Screen confirm the execution of the order by tapping Yes
STOP ORDER PRICE ADJUSTMENT SCREEN
WARNING SCREEN
Remove Stop Order from Open Position
- Tap the Position View Screen
- In the Stop Order Screen tap the Remove Order button
- 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 Positions screen from the Main Menu
- Scroll down to the desired position and tap it
POSITIONS SCREEN
POSITION VIEW SCREEN
TRADING ACTIONS MENU SCREEN
- Once in the Position View screen please tap the screen to Access the Trading Actions Menu
- In Trading Actions Menu select Stop Order
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
- Lot: Number of lots / mini lots
- Price: The new price should be entered into this field
- In Limit Order Screen make the desired adjustments and tap Done
- In the following Warning Screen confirm the execution of the order by tapping Yes
LIMIT ORDER PRICE ADJUSTMENT SCREEN
WARNING SCREEN
Change Limit Order Rate for Open Position
- Tap the Position View Screen
- Select Limit Order
- In the following screen tap the Price field
- In the Limit Order Price Adjustment screen, adjust the Price and tap Done. You will be returned to the Limit Order Screen.
- In the Limit Order Screen tap OK
- In the following Warning Screen confirm the action by tapping Yes. You will be returned to Position View Screen, where you may see the changes in the Limit field.
NOTE: Since the Stop Order has been already placed, Remove Order option is displayed.
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
- Tap the Position View Screen
- In the Limit Order Screen tap the Remove Order button
- 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 stop order or Cancel: cancel this request)
- 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
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
Close Position
This function allows closing positions at the market price.
- Access Positions View screen and select the required position
- Tap the screen to access the Trading Actions Menu
- In the Trading Actions Menu select Close Position
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
- Lot: Number of lots / mini lots
- Scroll down to the Lot field and set the number of lots / mini lots.
- Once required field is filled in press Done.
- 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.