Support Board
Date/Time: Tue, 11 Feb 2025 13:16:09 +0000
Post From: Second trade entry logic ERROR!
| [2020-08-29 16:30:30] |
| AlexPereira - Posts: 197 |
|
I am also surprised that not more people are complaining about this!
If I may give my opinion, I think I understand what you are feeling. This is something that "europeans" with "european" brokers are used to, but US trader not. People aren't complaining about this, because most ( all ? ) US based trading software work like this, by being netting accounts and not allowing hedging. I may be wrong here, but some years ago when I was trying out software, I think neither NT or MC or etc behave differently ( they might now, dunno ). In the US, accounts are netting and LIFO based, so yes, the stop would trigger the first one. But it doesn't really matter, in a US netting LIFO account, positions don't have a "stop and target" assigned like "european" brokers/software, but instead it only matters if you are positive or negative quantity. Example ... if you have a +1 position, if you do a -1 position, on hedging "non netting" accounts, you would have two different positions. On US, you would have closed the first position. So US software just "assumes" this, and doesn't assign stop and target to each position like "european broker/software" does. As an example, when I was building a "software" with FXCM api, in the specs, there is a StopLoss and Target linked to the position, but the api states that in US accounts, that "StopLoss and Target" don't exist. ( yes, the api doc is from before fxcm being banned from US ). Anyway, I am not trying to say there should or should not, you are right or wrong, just trying to carefull help understand. |