Before we describe the Positions window, we need to answer one simple question:

What is a net position?

We will start with an example:

 

Let's take a trader who makes the following 3 trades in a row:

 

BUY         1000 EUR/USD at 1.3545

BUY         5000 EUR/USD at 1.3540

SELL  2000 EUR/USD at 1.3560

 

What is his position in EUR/USD at this moment? Is he in a short or long position? What will he get if he closes all those trades at 1.3570 (let's ignore the spread for simplicity)? 

 

We can calculate each order's profit separately and then sum up the results:

 

 (1.3570 - 1.3545) *  1000 =  2.5

 (1.3570 - 1.3540) *  5000 = 15.0

 (1.3570 - 1.3560) * -2000 = -2.0

———————————————————————————————

                            15.5 So our trader's profit is  15.5 USD.

 

 

Instead of calculating the profit/loss of the three trades, we can do something far more elementary: 

 

We will net the amounts and make a weighted average of the prices to keep track on one position only, instead of watching each of the above three trades separately (of course, they can be a lot more than 3).

 

We will add together the amount of currency bought and subtract from it the amount of currency sold in order to to get the net position of our trader:

         1000 + 5000 - 2000 = 4000 

You might say: What about the prices? They are all different!

That's right, but if we calculate an average price out of these three prices, we will have an exact idea of how profitable our net position is:

 

1000*1.3545 + 5000*1.3540 - 2000*1.3560

——————————————————————————————————————    =  1.353125 <- this is the average price of the position

           4000 (our net amount)

 

 

Now we can tell the P/L of those trades: (1.3570 - 1.353125)*4000 =   15.5 USD   

 

Surprisingly, we got the same result!

 

Normally, positions in the Delta Trading 6 platform are represented on a net basis, so that instead of showing the result for every trade made, they show the net result from all trades for a given instrument until the position is fully closed. Once closed, the accumulated result for that position is realised and is reflected goes in the account.

What is the conclusion?

If we know our net position in an instrument and its average price, we can easily manage it and make our decisions. The profit/loss can be calculated in two ways, but they both give exactly the same result.

Now we can continue with the window displaying your net positions:

It can be accessed through the Positions icon on the Main Toolbar of Delta Trading 6. 

 

positions button

 

After clicking the Positions icon, the following window appears:

 

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The Columns

This window has a number of columns which provide information about your positions:

Instrument - This is the instrument associated with the open position. Those that are in gray means that at this moment there are no quotes for this instruments for this instrument. The Conditional orders button is visible when the position has Conditional orders attached to it (opens the Conditional orders window). The info [i] button shows information about the position;
Name - Shows the name of each instrument;
Lots/Numbers - Lot is the number of lots currently open in the position;
Value - The value of your position in the base currency of the currency pair. By double-clicking on the column, you can change the calculation - in the currency of the account or in the base currency of the instrument; 
The Average Price of the positions - explained at the beginning of the topic;
Take Profit - If a Limit order has been attached to an open position, this column will show its price. If no Limit order has been attached to the position, this column will read Set. Double-clicking on the price in these columns will show you the profit/loss (in the currency of the account) which would be realised if the Limit to an open position was executed. The same goes for Trailing stop;
Stop Loss -  If a Stop order has been attached to an open position, this column shows its price. If no Stop order has been attached to the position, this column will read Set. Double-clicking over price in these columns will show the profit/loss (in currency of the account) which will be realised if the Stop to an open position was executed. The same goes for the Trailing stop;
Current Price - Current Price is the instrument's current price (Bid or Ask, respectively B/S) at which it is possible to immediately close the open position;
Profit/Loss -  The current result of the position. This is the Profit/Loss you would realise if you closed the position;
P/L Pips -  The current result of the position calculated in pips;
Currency - The currency in which the position result is displayed. By default, it is displayed in the account currency. When you double-click anywhere in the column, it changes into the currency of the instrument;
Margin - The margin required to keep this position open, in the currency of the account;
Date - The date and time when your Logical orders were executed;

Hover over a position?

When you place the cursor over the info [i] button in the Instruments column, you can see the full name of the instrument, fee and interest (if any applied), Limit Price Improvement (Total profit from all executed pending orders in this instrument at a better price than requested), Total P/L (profit or loss you have generated from this instrument ever since you started trading it) for the position and change per tick (shows what is your profit/loss for the position per every tick), P/L (the current result of the position, which you would realised if you closed the position), Margin (the margin required to keep this position open, in the currency of the account), value (the value of the position in currency of the account), PosValueInPercent (the value of this position as a percentage of total Positions Value, in the Account Equity tooltip); Stop/Limit (the result which you would realise if the Stop/Limit to that open position closed it), Auto Futures Rollover (this option is activated or deactivated only for futures contracts), Dividend (dividend from the current open position in this instrument), Dividends Total (accumulated dividends from all positions in this instrument since beginning of trading with the account. They include the current Dividend). 

When you click on the info [i] button, you can view detailed information about the instrument on Deltastocks' website. 

 

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How to close a position

When you double-click on a position, the New Order window opens, and all its controls are set in such a way that you can close the position just by clicking the Sell or Buy button, depending on whether your position is Long or Short.

 

An easier way to close your position is to use the [x] button. If the Confirm close position option (Tools menu - Settings window) is checked, a Close Position window will appear, with all position details preset, and the only thing you have to do is click the Close Position button. By default, this option is checked.

 

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The position will be closed in Click and Deal or Market execution modeaccording your preferences, as specified in the Settings window. 

 

If you don't want to confirm the closing the position and don't want the Close position window to appear, can take off the setting Confirm close position in Settings window (Tools menu). By default, this option is checked.

 

 

Profit/Loss and Account Equity

This panel is situated at the bottom of the window and displays summary information about the positions displayed in the grid.

 

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The button at bottom-right corner of the ribbon of the Position window opens a separate window displaying the current Profit/Loss and Equity of your account. 

 

Profit/Loss 

This field shows the floating profit/loss for the currently displayed open positions. It is calculated in the currency of the account. This is the profit/loss that would be realised should you close those positions. Loss is displayed with a negative sign.

 

 

The tooltip of the Profit/Loss shows Profit/Loss from CFDs, Profit/Loss from FX and Total executed Limit Price improvement (total value of the profit of all Executed Pending orders at a better price than requested for all instruments):

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The tooltip of the Account Equity shows the Free Margin, Used Margin, Position Value and Realised Profit/Loss:

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Account Equity

This field shows the account equity. Equity = the account balance + the current positions' floating P/L.

 

Free Margin

This field shows the amount of funds available to support the account's open positions or to open new positions. It is displayed in the currency of the account.

A warning will always appear if you don't have enough free margin for increasing your position/s. You can deactivate this warning from the "Don't show this message again" or "Show margin call margin message" check-boxes (Tools menu - Settings window):

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Used Margin

This is the portion of the account funds utilised (held as margin) to maintain your open positions.

 

Position Value

The sum of the values of your positions calculated in the currency of the account.

 

Realised Profit/Loss

This is the profit/loss that comes from all positions you have closed. Realised profit/loss is deposited in to your trading account.

 

Free Margin and Used Margin are displayed at the bottom-right corner of the platform in the currency of the account.

The Buttons

The buttons at the bottom-left corner and the [+] button are described below:

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clip0310 (Profit/Loss Chart) - Opens a window in which you can check the performance of your account, displayed as a chart, with the option of using different technical indicators;

clip0311 (Refresh) - Refreshes the data in the grid;

clip0312 (Trading Statistic) - Opens the Trading Statistic window;

clip0309 (Conditional orders) - The icon is visible when the position has Conditional orders attached to it. Click on it to open the Conditional orders window;

clip0308 (Logical/Hedge Positions) - All Logical positions are displayed as separate positions after you expanded the meny downloads using the [+] button;

 clip0343 - opens a separate window displaying the current Profit/Loss and Equity of your account. 

The Context Menu

When you right-click on a position in the Positions window, a context menu opens:

 

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       New Order - If you choose that will appear the main New Order window for this instrument;

 

       Close Position - Close Position window will appear with all position details preset, and the only thing you will have to do is click the Close Position button.

 

 Main Toolbar_Dealing Rates0007

 

 

The position will be closed in Click and Deal or Market execution mode according your preferences, as specified in the Settings window. 

 

When you place the cursor over the info [i] button in the Instruments column, you will see the full name of the instrument, fee and interest (if any applied), Limit Price Improvement (Total profit from all executed pending orders in this instrument at a better price than requested), Total P/L (profit or loss you have generated from this instrument ever since you started trading it) for the position and change per tick (shows what is your profit/loss for the position per every tick), P/L (the current result of the position which you would realise if you closed the position), Margin (the margin required to keep this position open, in the currency of the account), value (the value of the position in the currency of the account), PosValueInPercent (the value of this position as a percentage of the total Positions Value, in the Account Equity tooltip); Stop/Limit (the result who you would realise if the stop/limit to that open position closed it). 

When you click on the info [i] button, you can view detailed information about the instrument on our website;

 

 

 

       Merge Positions - the option is visible when the logical position is marked for merging;

 

 Logical positions in the same instrument can be merged (netted):

 

For example:

You have 4 lots EUR/USD short, and 3 lots EUR/USD long.

After you have expanded the [+] button, select the positions you want to merge by clicking on the check-box in front of each position. If you have many logical positions in instrument and want to merge all of them, check only main box at the top of the column. This will check all boxes in the column.  

check sign will appear in the check-boxes of these logical positions. Right-click on one of the positions and select Merge Positions to merge the positions you have selected:

 

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When you have done this, there will remain only one EUR/USD position:

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        Add Chart

Opens the chart for the selected instrument in the default chart area:

 

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        Position History/Last Orders

Displays a window showing of the position's history. By default, the window opens in the Last Orders tab:

 

 Main Toolbar_Dealing Rates0015

 

 

 

        Conditional order

 

Opens the Conditional Orders window. If you do not have any Conditional orders in that instrument, the window will always open in the New conditional order. If there is, will show the last Conditional orders scheme ("Conditional orders tree") for this instrument.

 

 

 

Price Window

Displays the quotes board of the instrument:

 

 Main Toolbar_Dealing Rates0014

 

        Price Activity

Opens a window in which you can track the last changes in the price of the traded instrument. You can set the numbers from Settings window (Tools menu) - option Save last N quotes (10 - 2000)

 

 Main Toolbar_Dealing Rates0013

 

 

        Stop or Limit Order

Opens a dialog which allows you to attach a Limit/Stop or a Trailing Stop order to this position:

 

 Main Toolbar_Dealing Rates0012

 

Instrument info 

When you click there, you can check detailed information about the instrument on website.

 

Trading Statistic window

 

The Trading Statistics window can be accessed by clicking on the Trading Statistics button  - clip0261  at the bottom-left corner of the Position window or in the My Account tab of the Trading toolbar. From the upper-left corner of the window you can open a Field Chooser window, from which you can determine which data is to be displayed: InstrumentProfit/Loss, Profit/Loss as a percentage of the aggregated Profit/Loss.

 

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You can analyse your trading activity on a daily/weekly/monthly basis (tab - Day/Weekly/Monthly):

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P/L (Account Currency)* – Shows the profit or loss calculated in the currency of account, which is gained from that instrument today, current week or current month. For the day the calculation is based on the Average price and the Open price of the instrument;

P/L % - Shows the profit/loss presented as a percentage Profit/Loss of the daily/weekly/monthly, which is gained by that instrument;  

P/L  – Shows the same P/L result of the daily/weekly/monthly, calculated in the currency of the instrument. By default this column is hidden;

LPI (Limit Price Improvement) - Shows the total profit from all executed pending orders in this instrument at a better price than requested, about the selected period;

P/L (total PL in the bottom left of the window) – The aggregate P/L result from the day/current week/current month, calculated in the currency of the account;

- Positions Value (at the top-right of the window) - The amount of values of your positions in the currency of the account, about the selected period - daily, weekly or montly;

 

 

You can analyse your trading activity since the account was opened (tab - Total):

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P/L (Account Currency)* – Shows the profit or loss calculated in the currency of account, which is gained by that instrument since the account was opened. The calculation is based on the Average price and the Current price of the instrument (since the account was opened). Taxes and interest are included;

P/L % - Shows the profit/loss presented as a percentage of total Profit/Loss (since the account was opened) which is gained by that instrument;

P/L – The P/L result calculated in the currency of the instrument, converted at the current exchange rate. By default this column is hidden;

LPI (Limit Price Improvement) - Shows the total profit from all executed pending orders in this instrument at a better price than requested, about the selected period;

Dividend - Accumulated dividends from all positions in this instrument since beginning of trading with the account. They include the current Dividend. Use the Refresh button to update the information;

P/L (total PL in the bottom left of the window) – The aggregate P/L result since the account was opened, calculated in the currency of the account. Taxes and interest included.

 

The lower part of the Trading Statistics window contains three pie charts: 

The Trades chart shows you the executed trades from selected period (day, weekly, monthly, total), sorted by instrument type (Shares, Currencies, Shares, Indices, Metals, Futures) and displayed as a percentage to each other. By hovering over the different sectors, you can see the actual number of trades with each instrument type.

 

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