This article aims to explain the Cancel and Close Order functions present in two of Vector's main trading tools, the ChartTrading and the SuperDOM, and also why at times, these might not work as we expect.
Buy and Sell orders are placed on Vector and sent for approval by the exchange. If approved, they are executed, turning into positions. Another investor has to accept your asking price before the trade is approved and processed by the exchange for your API Key.
Order Status Definitions:
Open orders are unfilled and pending execution.
Open Orders are offers.
|Open Orders can be canceled.|
Executed orders are placed,
approved by the exchange,
and accepted by the market.
Executed Orders are Positions.
|Executed Orders can be closed.|
- If we try to cancel orders that were already executed, we'll receive this alert:
- And, If we try to close orders that were not yet executed:
Simply put, these pop-ups are issued when there aren't any open orders or positions in your account.
Important: The Cancel + Close button will cancel all open orders and close all positions.
See below an example of an open order:
See now an example of a position/executed order:
Position details on the chart, from left to right: Account, position, quantity, asset, and price variation since execution.
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