Jump to content

Can't close winning trades in DEMO

Guest NickoMacca

Recommended Posts

Guest NickoMacca

I'm trying to close my winning trades.  I have $55,000 in Funds and Profit / Loss of + $117,000 over 3 trades.
Trade 1 is $1000, trade 2 is $52,000 and trade 3 is $64,000. 

When i try to close any of these trades (on the new terminal) i get an error message that says "You have requested a closing transaction but either you have  no open position in that market, or the size is greater than your existing positions."

Any ideas why it wont let me close my trades?  This is demo account (unfortunately).

Link to comment
Guest NickoMacca

I know right!  I wish it was.. haha.  I came from Pepperstone on MT4 and have been testing IG's new platform out.  I really like it!  Just want to make sure i know how to use their platform inside out before putting real money in. 

Would be interesting to know if anyone has had issues with closing live account positions during this time.

Link to comment

Hi @NickoMacca, occasionally the odd glitch has turned up on the demo platform but I've not seen anything on the forum here about any problems with the live platform closing positions. This particular demo glitch is a bit odd in that it has spanned a couple of days. A brokers demo platform is used by the brokers technicians to test updates and new features before moving them onto the live platform so it's not surprising there is the occasional fail. 

Link to comment
Guest NickoMacca

Thanks @Caseynotes, It looks like they have removed all of the positions.  The 3 positions aren't there any more, so they may have fixed the bug, but it was most likely tied to everyone's positions.   In order to get rid of the bug, i guess they had to get rid of the positions, too. 

I'll just 'add funds' to the same amount as my positions were at and continue from there.  Cheers!

Link to comment

@NickoMacca, pleased that seems to have been sorted, it was unusual to have gone on for so long. Thinking of my reply to you previous post about closing trades and my replies to another thread I should have added a proviso, leveraged sb and cfd's are not usually a problem nor share dealing in general but be aware that if you are looking to trade in very illiquid stocks IG won't automatically act as a market maker and take the trade off you but will instead go to market to find a buyer/seller for you and if one is not currently available they can't close. This basic rule applies to any brokerage, very illiquid stocks are a specialist market and IG tries to keep them off their books. 

Link to comment
  • JamesIG changed the title to Can't close winning trades in DEMO
  • 2 weeks later...
Guest Jaggrt

Im having the same problem, I don't recall buying a FTSE 100 (£10) @ 1 contract, showing over £4000 profit but no way to remove it from my position.


Link to comment
  • 1 year later...
Guest Kiki Zhang

Same thing happened today on the Demo account. I wonder would live account be the same? I would be worried to open a live account if many issues.

Link to comment
  • 3 months later...

I'm having the same issue. I'm trying to close out of a trade in a demo account and get the rejection sound every time I press the x.  First time seeing this issue.

Link to comment
  • 4 months later...

Same problem, had a message unable to close position (20k in the money) due to insufficient funds! Wondering whether its offsetting other positions and requires extra margin as a result, or just a glitch.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
    • Total Posts
    • Total Members
    • Most Online
      10/06/21 10:53

    Newest Member
    Joined 29/01/23 11:39
  • Posts

    • Does anybody know the BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) equivalent with a GBP currency hedge? I want the interest yield but I don't want the currency risk.
    • Capital, win loss ratio. If you have a trading edge and you can consistently win 50% of your trades, so your winning 5 trades out of 10. So if your risking 1% of your capital per trade, out of your 10 trades 5 would be losers, so that’s 5% loss and realistically out of the 5 winning trades, some would make small profits, some break even and 1, 2 or 3 could run nicely IF you can let your profits run, basically your making money out of 2 trades out of the 10 trades (80/20 Rule Pareto principle) So a $20,000 acct risking 1% is $200 per trade, this will keep the trader with his trade risk based on being able to win 50% of his trades. A long term trend trader can win with 30% wining trade. Basically you need to know your numbers. Rgds Pete
    • Investing in stocks can be a great way to grow your wealth over time. However, there are different approaches that investors can take when choosing which stocks to buy. Two of the most popular approaches are growth investing and value investing. Growth Investing Growth investing is an investment strategy that focuses on buying stocks of companies that are expected to grow at a faster rate than the overall market. These companies are often in industries that are growing quickly, such as technology or healthcare. Investors who use this approach believe that these companies will be able to generate higher profits in the future, which will lead to higher stock prices. One of the main advantages of growth investing is that it can potentially provide higher returns than the overall market. However, it is also riskier than other investment strategies, as these companies often have higher valuations and more volatile stock prices. Value Investing Value investing is an investment strategy that focuses on buying stocks of companies that are undervalued by the market. These companies may be in industries that are out of favour or have recently experienced challenges, but they have strong fundamentals and a history of profitability. Investors who use this approach believe that these companies are undervalued and that their true value will be recognized in the future, leading to higher stock prices. One of the main advantages of value investing is that it can potentially provide lower risk than growth investing. However, it may also provide lower returns in the long run, as these companies may not have the same growth potential as companies in the growth investing category. Comparing Growth and Value Investing Growth and value investing are two different approaches to stock investing, each with its own advantages and disadvantages. Growth investing can potentially provide higher returns but is riskier, while value investing can provide lower risk but potentially lower returns. An investor may choose one approach or a combination of both. A portfolio that contains a mix of growth and value stocks can provide a balance of potential returns and risk. Conclusion Both growth investing and value investing can be effective ways to invest in stocks. The key is to understand the potential risks and rewards of each approach and to choose the one that aligns with your investment goals and risk tolerance. Analyst Peter Mathers TradingLounge™ 
  • Create New...