Balance trading and locking
NetTradeX enables you to have more than one trading position (including the opposite onces) for the same trading instrument thanks to the "Lock mode". You may also unlock your positions so that they cancel each other out (if opposite) or sum up (if in the same direction).
In contrast to the above, a traditional "Balance mode" makes your trading positions affect one another immediately on opening leaving you with either a difference or a sum.
Balance regime.
For example, previously opened position of EURUSD is the buying of 60,000 Euro. The next deal is the selling of 100,000 Euro against US dollar. As a result, the single position of the selling of 40,000 Euro is formed with a selling price as opening price. (The profit/loss of actual closing of the position for buying 60,000 is reflected in account balance).
Lock mode
Every new “Locked” position exists regardless of other positions for the same trading instrument. The "Lock" mode can be set when “Making deal” or “Setting order”.
NOTE: The “Lock” box is ticked by default.
If there are two opposite positions on the same currency pair, and you want to close them (or combine them into single position, if they have different volume), then you can act in two ways: either close them separately, or make special operation “Unlock”, i.e. summation (and creation a new position if they have different volume)
Select two opposite positions of the same currency pair in the window "Open positions" (click left mouse button on the both positions, keeping “Ctrl”):
Right- click on the selected positions and choose “Unlock positions” from a context menu:
Click "Unlock" in the appeared window to perform this operation:
Try the Lock mode in a free demo account!
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