Order Handling

In a trading strategy, the managing of orders is the most important and complex task. Thus, the biggest part of JForexUtils focuses on supporting you with powerful tools to handle order request in a robust and efficient way.

Defining Position

Some of the features regarding order handling rely on the term position. A position is defined as the set of orders which are in state open or filled for a particular instrument. E.g. if you have 1 opened and two filled orders of instrument EUR/USD, these 3 orders form a position.

Be aware that for Global Accounts, the term position has no meaning since here you can have at most one order for an instrument. So all features for positions(e.g. merging) don't apply for this account type.