What is Close By?

Close By is a trading function that allows traders to close two opposite positions (a buy and a sell) on the same instrument simultaneously. Instead of closing each position separately at the current market price, the system offsets one position against the other. Please note that closing price is based on the other position’s open price, not the current market price.

Please note: 
1. The closing price is based on the open price of the opposite position, not the current market price.
2. Profit/Loss (PnL) is calculated based on the difference between the two open prices.
3. Spread costs are reduced, as closing positions separately would normally require paying the spread twice, but Close By offsets the positions internally.