Position

Position - An open trade – either long (bought the base currency) or short (sold the base currency) in anticipation of price moves. A position’s profit or loss is the difference between the entry price and current price, multiplied by lot size. For example, if you buy 1 lot EUR/USD at 1.1000 and it rises to 1.1050, you have a 50-pip profit. Robots track positions via order objects in the API (fields include entry price, volume, P/L, etc.).