Positions Grid Overview in the Positions Module

 

The Positions Grid within the Positions Module of FinStudio provides an intricate view of all active trading positions, mirroring some functionalities from the Orders Grid while introducing additional, position-specific columns. This grid is designed to give traders comprehensive control and detailed insights into each position's performance and status.

 

Columns Explanation in the Positions Grid

 

• Selection

  • Allows users to select multiple positions simultaneously, facilitating batch operations such as closings or updates.

 

• Close

  • Provides a quick option to close a position directly from the grid, enhancing operational efficiency.

 

• Position ID

  • Displays the unique identification number for each position, crucial for tracking and referencing specific trades.

 

• Instrument

  • Indicates the financial instrument associated with each position, helping traders keep track of market diversification.

 

• Action

  • Specifies whether the position is a Buy or Sell, providing quick insight into the trading direction.

 

• Quantity

  • Shows the amount of the instrument held in the position, essential for volume analysis and risk assessment.

 

• Entry Price

  • The price at which the position was entered, crucial for evaluating the entry strategy's effectiveness.

 

• Current Price

  • Indicates the current market price of the instrument, allowing traders to compare real-time data with entry levels.

 

• Commission

  • The brokerage fee charged for executing the trade, important for calculating total trading costs.

 

• Fee

  • Additional trading fees (if any) that are applied to the transaction, encompassing platform or network fees.

 

• Best Bid

  • The highest price that buyers are willing to pay for the instrument, useful for assessing potential sell order execution.

 

• Best Ask

  • The lowest price that sellers are willing to accept for the instrument, useful for assessing potential buy order execution.

 

• Profit (Money)

  • Shows the absolute monetary profit or loss of the position, providing a direct financial outcome of the trade.

 

• Profit (Points)

  • Displays the profit or loss in points, helping gauge the performance relative to market movements.

 

• Profit (%)

  • The percentage gain or loss on the position, offering a proportional view of the position’s performance.

 

• Net Profit (Money)

  • The total profit or loss after accounting for commissions and fees, providing a clear financial status of the position.

 

• MAE (Maximum Adverse Excursion)

  • Indicates the maximum potential loss observed in the position before it turned profitable, useful for risk management analysis.

 

• MFE (Maximum Favorable Excursion)

  • Shows the maximum potential profit observed in the position before it was closed or became a loss, useful for performance analysis.

 

• Strategy

  • Names the algorithmic strategy that initiated the position, if applicable, linking positions to specific automated trading strategies.

 

• Algo Key

  • A unique identifier for the automated trading strategy, important for tracking and analysis of algorithmic trading performance.

 

• Trade Algo

  • Indicates a trading algorithm manually configured by the user, offering customization and precision in automated trading setups.

 

Conclusion

 

The Positions Grid is an integral feature of the Positions Module, offering traders a detailed and actionable overview of all active positions. By providing extensive data points and customizable options, the grid helps traders monitor performance, manage risks, and optimize their trading strategies efficiently. With these capabilities, the module ensures that traders can maintain control over their portfolios and adapt to market changes effectively.