A position - the key entity of trading - is the number of assets bought or borrowed and then sold by a trader. An open position is the result of filling an order. Deals execute orders and result in positions being opened or closed. Quick access and the ability to easily modify the open positions is the essential condition of successful trading. cTrader mobile Positions tab is designed to control your open positions - modify, protect, or close them.
A user can open a new position from the Positions menu in two possible ways: by creating an order using the standard New Order button to the bottom right of the screen, or by searching a symbol to trade with the advanced search and tapping Buy or Sell directly in the Symbol overview.
The Positions tab contains the list of all the active trade positions. Select a position from the list to expand the position menu. The position menu contains four tabs - Modify, Protect, Chart, and Details. The Modify tab will open by default, here you can:
When done, tap Modify to save changes.
Select the Protect tab to enable Stop Loss and/or Take Profit protection.
Use the respective checkboxes to enable the protection you need.
You can set the protection limit in both pips and price equivalent. When you set the value, cTrader automatically calculates the amount you earn or lose in both percentage of your account balance and your account currency.
cTrader will also calculate the prices at which your Stop Loss and Take Profit levels will be set after the order is filled in relating to both the price that you set for the order to be filled and the current spot price.
Enable the Trailing Stop Loss to activate the Stop Loss that is automatically updated in case the price goes in your favor. This is a handy tool if you initially have underappreciated the market. Trailing Stop Loss never readjusts if the market moves against you.
When done, tap Modify Protection to save changes.
You can close the positions one by one, close all open positions at once, or use the Close Positions filter to close only positions of a specific kind.
To close positions one by one just tap close icon next to a desired position.
To use the Close Positions filter or to close all the positions at once, tap Close Positions... to the bottom of the screen.
You will proceed to the Close Positions filter. Tap the poggle next to the desired criteria to add them to the filter. In this way you can close only Sell, Buy, Profitable, Losing or positions trading the specific symbols. Use the search box to find the desired symbol among the positions.When done click Close Positions.
Select the Chart tab to view the position reflected directly on the chart as a dash and dot line.
Use the Time Period and Full screen buttons for the full charts functionality.
Select the Details tab to view the detailed information on a position. The details tab contains the following info: