Common use of Closing position Clause in Contracts

Closing position. 6.6.1. A Position is closed by the Client or automatically. A Position is closed automatically: - when Quote reaches the price stated in the Stop Loss or Take Profit Order; or - in the event of Stop Out. 6.6.2. If the automatic closing of a Position (clause 6.6.1) falls during a time when execution of Order for the Asset of the Position is not available on the Trading Platform, the Position is closed immediately after the Quote of the Asset of the Position is received on the Trading Platform during the next trading period. 6.6.3. The closing of the Buy Position occurs at the current Bid price of the Position Asset that is on the Server at the time of the closing of the Position. The closing of the Sell Position occurs at the current Ask price of the Position Asset that is on the Server at the time of the closing of the Position. 6.6.4. Losses on all Client's Open Positions cannot exceed 100% of the amount of the Client's Account Balance.

Closing position. 6.6.17.6.1. A Position is closed by the Client or automatically. A Position is closed automatically: - ● when Quote reaches the price stated in the Stop Loss or Take Profit Order; or - ● in the event of Stop Out. 6.6.27.6.2. If the automatic closing of a Position (clause 6.6.17.6.1) falls during a time when execution of Order for the Asset of the Position is not available on the Trading Platform, the Position is closed immediately after the Quote of the Asset of the Position is received on the Trading Platform during the next trading period. 6.6.37.6.3. The closing of the Buy Position occurs at the current Bid price of the Position Asset that is on the Server at the time of the closing of the Position. The closing of the Sell Position occurs at the current Ask price of the Position Asset that is on the Server at the time of the closing of the Position. 6.6.47.6.4. Losses on all Client's Open Positions cannot exceed 100% of the amount of the Client's Account Balance. 7.6.5. A Client’s Order to close a Position is considered completed, and the Position closed, after a corresponding record appears in the Log File.