Trade Disc: Live Positions and day-wide controls

Live Positions is the day the way your broker shows it: one row per contract per broker account, open rows first, closed ones below marked Exited.

The columns are Net Qty (plus for bought, minus for sold), Entry Avg and Exit Avg across every lot on that contract, LTP, PNL (booked plus open) and Client ID, last. With one account in play Client ID is hidden, because it would repeat the same number down every row.

An example. You sold 2 lots of the 24,250 CE at Rs 120 in the morning, bought one back at Rs 100, then sold another at Rs 110. Adjustments shows the open legs one by one; Live Positions folds them into one row: Net Qty −130, and a PNL that is the Rs 1,300 booked on the lot you bought back plus what the two open lots show at the current price.

The Total P&L at the foot of the panel is shown per account — the client ID, then its figure in green or red. Figures from two brokers are never added into one number.

Each open row has an Exit button that closes every open leg behind it, at the market.

Tick the box on one or more rows and Exit Selected closes them all; the button counts what you ticked. Exit All closes every open position in the book you are in, with one attempt per leg.

A leg the broker refuses stays open, the refusal and the broker's reason are in Orders, and it is not tried again. Read the reason, then press Exit again if you still want out.

If you closed a position in your broker's own app or website, Trade Disc still shows it open — it never saw the exit. Exited Manually tells it what happened, at the price you got.

Tick the positions in Live Positions and press Exited Manually, next to Exit Selected. A small window lists them, with one box per position for the price you exited at. The boxes start empty on purpose: type the price your broker actually filled, not the one on the screen. Record Exit stays grey until every box has a price.

An example: you bought 1 lot (65) of the 24,250 CE at Rs 100 and sold it in your broker's app at Rs 112. Tick its row, press Exited Manually, type 112 and press Record Exit. The row now reads Exited, its PNL is +780.00 ((112 − 100) × 65), and Total P&L, Analytics and the trade book all count it.

Nothing is sent to the broker — the position is already gone there, and an exit order would open a new one the other way round. The stop loss and target on that leg stop too. Use it only for a position that is really closed at the broker.

The same controls as Trade Scalper and as the web: global MTM profit and loss, the X and Y trail on the loss cap, an underlying level, lock and trail, an auto exit time, and the Kill Switch.

The profit and loss caps count your whole day, open positions and closed ones together. A leg can be showing a profit and still be exited because the day as a whole hit your loss figure — that is the control working, not a fault. An example: your loss figure is Rs 5,000. You booked Rs 3,000 of loss in the morning and you are now holding two legs, one Rs 1,000 up and one Rs 3,000 down. The day is Rs 5,000 down, so both are exited — including the one showing a profit.

The two trailing ladders — the X and Y trail, and lock and trail — read your OPEN profit only. That is deliberate: a loss you booked in the morning should not drag a trail that never saw that money. The X and Y trail is also retired the moment the book goes flat, and it never survives a restart; set it again if you still want it.

The Kill Switch squares off everything and blocks new entries for the rest of the day. It is deliberate and it is not undone by restarting the app.

All of these are cleared on the first open of a new day, except the auto exit time — see What a new day clears.

The last boxes in Global Settings are Auto Exit Time and the Kill Switch. Auto Exit Time takes a time of day as HH:MM; at that time every open position in the book is exited. Leave it empty and it is off.

An example. You trade MIS and never want to be caught by your broker's own square-off near 15:20. Type 15:10 and press Update: at 15:10 everything open is exited at the market.

Unlike the other day-wide settings it is kept from one day to the next, because it is a time of day and not a level. The Kill Switch exits everything at once and blocks new entries for the rest of the day; restarting the app does not undo it.