How do I manage Futures orders and positions?

We use FIFO (first in, first out) futures positions netting. This means that Futures trades must be closed in the order they were opened. 

Individual trades in a position cannot be directly closed and you cannot place stop and limit orders to close specific trades.

Closing positions

To close or reduce a position, you can place a trade using either the Close button on the position or by placing a trade using the Trade Ticket.

Related orders

Stop loss and take profit orders cannot be related directly to individual trades. OCO-related stop and limit orders can be placed instead to protect the net trade position. OCO-related stop and limit orders must be managed separately — if you manually close a position, you must also manually cancel any related orders.

One-Cancels-Other (OCO) orders for Futures

One-Cancels-Other (OCO) orders are available on Futures. This will allow you to protect net Futures positions with OCO-related Take Profit and Stop Loss orders.

Take Profit and Stop Loss orders can be placed at a fixed price or at a percent distance from the current market price.