Netting off positions (Webtrader)
When you have a hedged trade (you have positions for both buying and selling the same instrument), you can close a position by netting it off against an opposing position. This fully closes both positions.
The Pepperstone app and Webtrader are synchronised, so a trade fully closed in Webtrader will automatically be fully closed in the app, and vice versa.
Note: In this procedure, the word ‘click’ refers to either a click or a tap.
1. Click Positions on the main menu bar. The Positions panel appears:
a. click arrows icon at the far right of a position you want to close by netting off or
b. right-click (or press and hold) on a position you want to close by netting off and select Close by Position from the menu that appears.
The Close By window appears:
3. In the Position ID column, click on a position to see what impact netting off that position will have on your margin. (The impact is displayed below Margin Impact when you select a position.)
4. When you have chosen a position to net off, click on it (if it is not already highlighted) and then click Close by.
Both positions—the one SELL and the other BUY—are fully closed.