Logical Orders & Positions
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Some traders prefer orders in the same instrument to be combined in a single (net) position with an average price and a net volume, while others prefer each order to be considered as a separate position:
We recommend that you only trade in one mode - either Logical or Net mode, and do NOT SWITCH BETWEEN THEM. If you decide to switch from Net mode to Logical positions, it will be better to close your open positions first.
When mixing “regular” and “logical” orders the following rules apply:
1. When a net position exists entirely out of logical positions (i.e. when only orders in “Logical Mode” have been submitted and executed), one can increase the net position via “regular” orders (i.e orders submitted in “Regular Mode”) in the same direction of the net position without interfering with the visualisation of the open logical positions.
2. When reducing a net position which has been formed through the execution of a mixture of “regular” and “logical” orders, it is also possible to place “regular” orders without that affecting the visualisation of the existing logical positions (i.e. without that causing them to merge), but only up to the size within the net position that has initially been opened through the execution of orders under the “Regular Mode”.
3. When an order has been submitted for execution under the “Regular Mode” in order to reduce a net position which has been formed through the execution of orders only in “Logical Mode”, that will cause all logical positions to merge and, as a result, only the net/aggregated position will remain visible.
To switch the Logical Positions mode on, tick check the Logical Mode check-box at the upper-right side of the platform. Delta Trading remembers the mode you trade in (logical or normal). No matter where you log from (desktop, web or another computer) the mode will always be the last chosen one. Will alert you if it is changed:
Note: Logical mode will soon be implemented in DTMobile, too.
You can close a Logical position with a regular order, but you cannot close a regular position with a Logical order. To avoid this and other restrictions when switching modes,
we recommend that you only trade in one mode - either Logical or Net mode, and do NOT SWITCH BETWEEN THEM. If you decide to switch from Net mode to Logical positions, it will be better to close your open positions first.
Note: Logical mode is also recognizable by the purple colour. The ID numbers of all logical orders in Orders panel and Last orders window (including Conditional orders in logical mode and Stop/Limit to an open logical position) will be in colored in purple too.