Closing Positions & Flatten

There is one rule in MimikTrader that never bends: you can always close a position. Closing, reducing, and flattening trades are treated differently from opening trades, and they are never held back. This article explains what that means in practice and how the flatten controls work.

Exits Are Never Blocked

A trade that closes or reduces a position always goes through. It is not gated by any of the controls that can hold back an opening trade:

• Risk limits — a daily loss limit, weekly limit, trailing drawdown, or any other risk rule never blocks a close.
• Account locks — a locked account can still exit its positions.
• Closing-only mode — when an account is restricted to closing only, that is exactly what it can still do: close.
• The symbol whitelist— even a contract that is not on the group’s whitelist can be reduced or closed. The whitelist only holds back opening orders.

How Copied Closes Are Sized

When the leader reduces a position without going all the way flat, each follower reduces the same proportion of its own position. When the leader reaches flat, each follower’s remaining position in that contract is closed entirely to match. Closing does not re-run the sizing multiplier — it works against the follower’s real current position, so a follower always ends up matching the leader’s flat or reduced state rather than a recalculated number. See Position Sizing for more on this distinction.

Manual Flatten: Two Buttons in the Cockpit

When you want to step in and close things yourself, MimikTrader gives you two flatten controls, both on the Cockpit page:

• Flatten All — closes every open position across all of your groups at once.
• Flatten Group — closes every open position within a single group, leaving your other groups untouched.

Flatten Sends Real Broker Orders

Flatten is not a display reset. When you press Flatten All or Flatten Group, MimikTrader sends a real close order to the broker for each affected account — an actual liquidation of the position, not just a change to what the screen shows.

Because it is a real broker action, the app only marks an account as flat once its broker close actually succeeds. If a close could not complete on some account, that account keeps showing its position rather than falsely reporting flat — so what you see reflects the real state at the broker.

Auto-Flatten on a Risk Breach

You are not the only thing that can flatten an account. When an account breaches one of its risk limits, MimikTrader flattens it for you: the account is switched to closing-only, its open positions are closed at the broker, and it is then locked until the relevant reset. You do not have to do anything — the exit happens automatically, and you receive a notification and an activity-log entry recording it.

For the full sequence — which limits trigger it, what the lock means, and when each kind of lock clears — see Auto-Flatten & Account Locking and the Risk Management Overview.

Manual flatten vs. auto-flatten

• Manual — you press Flatten All or Flatten Group in the Cockpit whenever you choose.
• Automatic — the risk engine flattens and locks a breached account on its own, in real time.
• Either way, the exit is a real broker close, and neither path is ever gated by a risk limit or lock.