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:                

 

Net Position

This is an example of a net position: There are 3 orders, which combined, form a net position of 4000 EUR/USD. You can close the net position or place a new order, which will be added to the net position and will make the it "shorter" or "longer".
 

Logical Positions

Here the same orders are actually different positions. You can handle each position independently from the rest.

BUY   1000 EUR/USD at 1.3545

BUY   5000 EUR/USD at 1.3540

SELL  2000 EUR/USD at 1.3560

BUY   1000 EUR/USD at 1.3545

BUY   5000 EUR/USD at 1.3540

SELL  2000 EUR/USD at 1.3560


BUY   4000 EUR/USD at 1.353125

4000 EUR/USD is your net position. Here you can see how the average price is calculated.

With Delta Trading you can trade both ways, depending on your trading style.

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:

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Note: Logical mode will soon be implemented in DTMobile, too.

 

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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.