Are you using a US broker that follows FIFO rules?
Since 2009, hedging is not permitted for US traders.
NFA Enforces FIFO Rule, Bans Forex Hedging in US Forex Accounts - Trading Heroes (2016)
FAQ: FIFO in the Forex Market - BabyPips.com (2011)
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
When placing a buy order for 100 units at price x with a Take Profit set at x + 2, and successfully buying, then subsequently placing another buy order for 100 units at price x with a Take Profit set at x + 1, and successfully buying.
When the Take Profit of x + 1 from the second buy order is reached, both my orders are sold at x + 1.
Shouldn't only my second order be sold?