| description |
|---|
How to close forex positions |
{% hint style="info" %}
Closing triggers;
STC is used to close long
BTC is used to close short
{% endhint %}
STC <base & quote tickers> @ <price>
I.e.STC USDCAD @ 1.395
To close a long forex position, use the trigger STC followed by the base & quote tickers without separation, then the symbol @ before the price.
.png)
Example of closing a long position for USDCAD at the current market price of $1.3950
BTC <base & quote tickers> @ <price>
I.e.BTC USDCAD @ 1.395
To close a short forex position, use the trigger BTC followed by the base & quote tickers without separation, then the symbol @ before the price.
.png)
Example of closing a short position for USDCAD at the price of $1.3950
{% hint style="danger" %}
Final Notes:
- Do not use $ with tickers.
- Do not separate base & quote tickers with a / slash or any character.
- Submit using a specified price, or use CMP or M for submitting at the current market price.
- Multiple trades can be submitted in a single message by using 3 back ticks (```) before and after the whole message.
{% endhint %}
Submitting trades through slash commands has a more user friendly aspect to it but can take some seconds longer than text messages.
Type in /close then select forex.
Type in or select the direction Long or Short.
Input the base and quote currency tickers, do not separate them with a / slash or any character.
Enter in the price or use 0 for the current market price.
Notes can be added and are optional. Trimming or partially closing positions can be done by using the Trim/Partial Close keywords (trim, trimming, partial, etc.) within the notes.
Example of closing a long position for USD/CAD at $1.395, with exit notes.
{% hint style="info" %}
Did you know?
Quickly closing trades can be done by using the $list or /list command to show all open trades, where each one has a button to immediately close it at the current market price. Check out Broken link for a list of all commands and how to use them.
{% endhint %}