Closing Trades

How to close forex positions

Closing triggers; STC is used to close long BTC is used to close short

Closing Long

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.

Example of closing a long position for USDCAD at the current market price of $1.3950

Closing Short

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.

Example of closing a short position for USDCAD at the price of $1.3950

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.

Using Slash Commands

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.

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 Commands for a list of all commands and how to use them.