Post - For my positions, I can create a post which is going to be linked to that position. Once I post on my positions other members of my trading team can comment on my post. The posting capability is mainly uses to record the reasons a trader enters into a positions and the conditions that would make him close that position but also to initiate a discussion with my team regarding this position.
Currency - The currency pair that this position relate to.
User - The owner of the position (Me) indicates that it's my position otherwise the name of the trader that holds this position is displayed.
Strategy - A trader may elect to associate a position with a strategy. Once associated the strategy name would be shown on the position. The strategy is mainly used to enhance the communication and collaboration between traders on my trading team by creating a general reason for entering this position.
Status - Status can be either OPEN which indicates that it's a market position and PENDING which indicates that this is a limit position.
Position - Position value can be either LONG or SHORT depending of the direction of this position.
Time - The open time of the position. If the position was opened less than 24 hours ago the exact hour would be shown. If the position was opened more than 24 hours ago than the open date in the format of Month Day would be shown.
SL - The Stop loss target associated with this position. In the even where the position has multiple Stop targets the closest one would be shown and the rest of the points are visible in the hover.
Enter - The enter price of the position, in the case of a pending position the limit price would be shown.
TP - The Take Profit target associated with this position. In the even where the position has multiple Profit targets the closest one would be shown and the rest of the points are visible in the hover.
Close Time - For closed positions this will display the time the position was closed.
Close Price - For closed positions this will display the price that this position was closed at.
Margin - This will present the ratio between the size of the position and the balance in the account, so if I have a $10K accout and I open a standard lot position ($100k) the margin will show 10:1. The main purpose of this columns is to ilustrate, without exposing financial information, what is the emphasis that a traded places behind his position and what is his confidence level in this position.
Social indicators - The social indicators are the percent of the volume in the entire community having either Long or Short open positions.
The purpose of the hover is to provide additional infortmation on a position. Information that would be too complicated to describe in a table.
Strategy - The startegy that is associated with this position including a link to expand and see the details of this strategy.
Orders - The list of pending orders that are associated with this pair. So for example if a trader has three Stop levels and Three Profit targets, the closests stop and target would be shown on the table but the entire pending orders, including their percentage of the overall position would be shown on the hover.
Team positions - The members of my team that have either open or pending positions on this pair - this gives a trader a better insight into the positions his team member are currently holding and enable the trader to start a conversation with these team members.
Because Currensee is a multi-broker platform we aggregate all of the orders a trader has in his account to present a unified view of the positions. This means that regardless of my choice of broker or the choice of my team members the positions would be presented in the same way.
The following is the aggregation process of the orders into positions.
1) For all open position on the same pair we sum all the volume with regard to the direction so for example (this is relevant for brokers that enable hedging) If a trader has an Open Long position of $100k and an Open Short position of $200k we would aggregate this into one Short position of $100k
2) We attach all the pending order on the currency pair into the open aggregated position and take the closest Stop target as the SL (Stop Loss) and the closest Profit target as the TP (Take Profit)
3) In the event where there are no open market positions on the pair and only pending orders exist we aggregate all the pending long to one pending position and all the pending short to one pending position so a trader can have two pending positions, one long and the other short, on the same currency pair but that trader cannot have two open market positions going in different directions on that pair.
* For all closed positions we take the actual closed report and show the exact open and close price even if this was a partial close to a position that we aggregated when it was opened.