Help - Search - Members - Calendar
Full Version: Stop Sell Acting As A Stop Loss
Visual Trading Systems User Forums > VTTRADER DISCUSSION > GENERAL QUESTIONS
smikor7
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
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
This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please click here.
Invision Power Board © 2001-2012 Invision Power Services, Inc.