How to manage open positions
Managing open positions
All Open positions are reflected in the ‘Open Positions’ section of the Trade page:
Here you can control and manage all of your open positions - review the current stats of your open trades, add/edit Stop Loss or Take Profit, as well as close positions.
How to close a position
To close a position, simply click the ‘Close X’ button located below the ID of the position that you wish to close and select a closing method. You can close your deal with a limit order or instantly with a market order:
How to Add Stop Loss and/or Take Profit to Open Positions
S/L and T/P orders can be placed from the ‘Open Positions’ section of the Trade page by clicking the corresponding field in the Take profit / Stop loss columns:
When adding a S/L or T/P to an active order or position, simply enter the desired S/L or T/P price (or alternatively, select the ROE% at which the SL or TP will be triggered) and click "SET":
Take Profit protection orders are Limit orders and will be executed accordingly. Stop Loss protection orders are Market orders and will be executed accordingly.
How to add/remove margin to a position
Adding or removing margin to/from a position lets traders reduce or increase the amount of their personal margin in a trade (essentially, decreasing or increasing their leverage accordingly).
This feature acts as an additional risk-management tool, allowing traders to employ a wider array of trading strategies by providing more flexibility and control over their trades.
To increase or decrease the leverage of a position:
- Click on the Margin value of a position reflected in the ‘Margin’ column of the ‘Open Positions’ section:
- In the margin adjustment confirmation window, select the leverage that you want to set and review the changes that will be made to the position:
- Click ‘CONFIRM’ to change leverage
It is important to keep in mind that changing the leverage of a position will also affect the estimated liquidation price.