smikor7
Feb 2 2012, 12:28 PM
HI
Is this Vt trader platform policy's only ?
I was placing orders on MT4 , and found out that it does not work the same way as Vt.
basically on Vt trader, to open a position with not much risks i would place a stop sell for a long, to act as a stop loss and a a limit sell for take profit ...if any.
opposite for short position,,, buy stop = sell stop / go short / take profit = limit buy.
I thought these concept were meant to be the same in the forex world, so i dont yet understand if this is the broker who set up the platform or just the platform made in a certain way ?
Anyoen pls shed some light on this
thanks a lot
cskidmore
Feb 2 2012, 06:56 PM
Hello,
VT Trader offered through CMS Forex works on Forex.com's trading services. Forex.com "nets" each instrument's deals (open tickets) into 1 cumulative open position for the instrument. It's possible to 'associate' a stop and/or limit order with the cumulative open position, but it's not possible to associate a stop or limit order with individual open deals (tickets). It's also possible to protect an open position in the manner you used using individual buy/sell stop/limit entry orders or even an OCO order pair. NFA regulation introduced previously (pertaining to FIFO order management) also plays a role in how brokers implement these types of attached or associated orders, particularly with MT4 brokers because as I understand it MT4 was not initially capable of being FIFO complaint so brokers had to devise their own solutions for use with their MT4 platform implementation.
Regards,
Chris