Below you will find some of our customer's most frequently asked questions.
The purpose of the Netting "plug-in" is to aggregate open positions into one position. The plug-in was designed to give traders additional functionality, including partially closing positions through pending orders.
The Netting "plug-in" is optional. Therefore, a request must be submitted to Alpari (US) in order for it to be enabled on an account.
The Netting "Plug-in" is available for Standard MT4 accounts only.
Existing positions will not be affected when the Netting "plug-in" becomes available. The plug-in will not be able to be activated if there are existing open positions on an account.
The only visual changes to the platform will be how trades are represented within the Terminal window.
Yes, a netted position can be partially closed manually by bringing up the order window for that trade, entering the volume and selecting close.
Trailing stops will be available for netted positions. Your trading platform must be open and you must be logged in, in order to activate a trailing stop.
The provider for each EA will be able to determine compatibility. You can test the functionality of the plug-in by creating a Demo account and testing it with your EA. If your EA is not compatible you can continue to trade without the plug-in.
Individual trades can be viewed through the account history tab in the terminal. You may also choose to view your trades through "My Alpari" to eliminate the complexities of the MetaTrader 4 terminal.
Yes, trades netted together will share a singular deal number. Specifics of each trade netted will be available through "My Alpari".
The partially closed position will acquire the existing deal number with a comment regarding the remaining active position. The remaining position will have a new deal number which will correspond with the comment on the partially closed position.
Trades will adopt the S/L and T/P of the most recently activated pending order or trade. You can place additional pending orders if you would like your netted position to be closed at different levels.
The entire net position will be closed out if the account falls below 100% margin because the netted position is considered one open position. This is a standard practice in most markets.