All orders
Rules
Job finished
Specification
Currently I trade on brokers that do not require FIFO compliance. However I must very soon switch to US brokers.
My favorite EA and very important to my portfolio, opens trades in an averaging way. One sell order audcad for 1 lot is the first trade. if the bot needs to average, it will open the second sell order on audcad for the same a1 lot amount. the EA always opens next orders of the same symbol and direction at the same size. it does not martingale or increase subsequent orders by a set multiplier.
When the audcad price begins to move the direction desired by the bot, the trades will begin closing last to first. they do not close all at once. therefore the last trade that closes is always the first to be opened. you can now see how this will not work for a FIFO broker.
NOW, the fix for this that IS ALLOWED by the broker, is say I open first audcad buy at 1 lot and then later open another audcad buy for 1.1 lots and then later open a third trade for 1.11 lots, I can then close any of the trades in the order I chose. I can close the 1.1 buy first if i want to. or the 1.11. it does not matter. because the lot sizes are all different this does not violate the specifics of the FIFO rules. I do not hedge, all open trades for any symbol will be of the same direction ( buy/sell)
The freelance work I am wanting is to have a local trade copier (sender and receiver) built that accomplish this task. I want for the copier to have the ability for the master to send to multiple slave accounts. Other things i wish to be part of the copier :
Include pending orders, ability to hide the sl and tp, lot sizing multiplier(calculated from balance) or fixed lot, trade orders at market, choice to include comments or not, have the ability to say whether the symbols on the slave accounts have a suffix or prefix and be able to enter it, always round up to broker minimum lot size.
These secondary specifications are important but the absolute most important piece of this entire project will be ensuring the lot sizes ( even after sizing multiplier or fixed) comply with fifo rules by all being different sizes if of the same symbol.
So to end. I wish for a trade copier that rapidly copies trades and adds 0.01 lots to each trade in accordance to how many trades that one occurs after the first of a symbol and of the same direction. for example. trade 1 buy audcad. no changes need to be made to the first trade. the second trade will come from the original EA at 1 lot and needs to be changed to 1.01. and so on and so forth. if it is working correctly, say there are 7 buy orders on audcad. the seventh trade should be 1.06 lots because it is the sixth trade AFTER the original 1 lot trade.
I have included two photos. the first is how trades are placed by the EA. they are all of the same size. when this is the case, I cannot close the last trade first.
the second photo is the result i desire. I need all the trades to be different sizes to be fifo compliant to close in an order I choose. I want them to only by different by the smallest( 0.01) amount as to not through off the balance of the system.
