All open trades and pending orders are managed from the Positions tab in MatchTrader. Here’s a full guide to monitoring, modifying, and closing your trades.
Viewing Your Open Trades
- Log in to app.fundyourfx.io and open MatchTrader
- Click the “Positions” tab at the bottom of the screen
- All open positions are listed with: instrument, direction (Buy/Sell), volume, entry price, current price, P&L, stop-loss, and take-profit
Monitoring Your Account Balance and Drawdown
The top bar of MatchTrader displays your real-time account metrics:
- Balance — Your account balance before open trade P&L
- Equity — Your balance including current unrealised P&L
- Margin — Margin currently in use
- Free Margin — Available margin for new positions
Your drawdown is calculated based on equity — meaning open unrealised losses count toward your drawdown limit in real time. Always monitor your equity when trades are open, especially during news events.
Modifying an Open Trade
- Go to the Positions tab
- Click the edit icon next to the trade you want to modify
- Update the Stop Loss and/or Take Profit price levels
- Click “Modify” to confirm
Remember — stop-losses must remain active on all open positions at all times. Removing a stop-loss is a rule violation.
Closing a Trade
- Go to the Positions tab
- Find the trade you want to close
- Click the X / close button next to the trade
- Confirm the closure at market price
Partially Closing a Trade
- Click the edit icon on the trade
- Reduce the volume to the amount you want to keep open
- Click “Close Partial” or adjust via the volume field — the remaining portion stays open with its original SL/TP
Managing Pending Orders
Pending orders (Limit and Stop orders) are visible in the Orders tab next to Positions. From here you can:
- View all active pending orders
- Modify entry price, SL, and TP on pending orders
- Cancel pending orders that haven’t been triggered yet
Note: stop-loss requirements apply once a pending order is triggered and becomes an active position — not at the time of placing the pending order.
Common Mistakes to Avoid
- ❌ Forgetting to set a stop-loss — Remember the 3-minute rule. Use the SL field at order entry to avoid missing it
- ❌ Not accounting for open P&L in drawdown — Your equity (not just balance) determines drawdown. A large unrealised loss can breach your limit even if your balance looks healthy
- ❌ Closing trades during illiquid hours — Spreads widen at Sunday open and late Friday — avoid closing large positions during these windows unless necessary
- ❌ Ignoring swap on overnight positions — Check swap rates before holding trades overnight, especially on exotic pairs and commodities
For a full platform walkthrough, see our MatchTrader Guide. For all account rules, visit the Trading Rules Guide.
