Thread: Closed: Discuss EUR/USD News with a DailyFX Analyst

Originally Posted by ekfalcons59

i am tryin to close open order anyone else having tht problem? how do i get help? who do i call? thanks

Under the new rules, you don't close an order. You make an opposite trade for the same amount and it closes out.

Originally Posted by rickos69

Under the new rules, you don't close an order. You make an opposite trade for the same amount and it closes out.

woa, really? I have not used a NFA broker for a very long time and really paid no attention to these new rules, that sounds like a big hassle

Originally Posted by rickos69

Under the new rules, you don't close an order. You make an opposite trade for the same amount and it closes out.

holly cow really. f*** my 1st trade just went down the toliet when it was up a bunch f***.

thanks for your help

Originally Posted by ekfalcons59

holly cow really. f*** my 1st trade just went down the toliet when it was up a bunch f***.

thanks for your help

There are a lot of other details too. Be careful till you read up on them.
For example, if you have more than one open trade in the same pair, when you enter an opposing trade, it will automatically close the one you opened first. Whether you like it or not.

or you can transfer your account to the FX UK and the software allow you closed it unlike the FX US.

Cheers!

PS. there is also the rule open first close first. Becareful.

Originally Posted by ekfalcons59

holly cow really. f*** my 1st trade just went down the toliet when it was up a bunch f***.

thanks for your help

Originally Posted by rickos69

Under the new rules, you don't close an order. You make an opposite trade for the same amount and it closes out.

.....so as it seems you have to "BABY SIT" your trades? Man that's a drag, and why wasn't we as traders on this platform notified!!! This is getting to be complicated!! I don't like it.....

Originally Posted by rickos69

There are a lot of other details too. Be careful till you read up on them.
For example, if you have more than one open trade in the same pair, when you enter an opposing trade, it will automatically close the one you opened first. Whether you like it or not.

...and where can you read up on it?

Originally Posted by CodyB

woa, really? I have not used a NFA broker for a very long time and really paid no attention to these new rules, that sounds like a big hassle

Yeah! Not being able to close the trade you want to is the worst. They go by FIFO. Of course, in the same pair.

But, one new feature, OCO, one cancels the other, is pretty good. For example, if you want to play the extremes, you set your orders for a whole bunch of pairs, and then group them in one or more groups. If one trade of the group goes through, the others are automatically cancelled. There are no stops, no limits. Actually, no trailing stops, because you can enter an opposing trade as a stop or limit.

Originally Posted by rickos69

There are a lot of other details too. Be careful till you read up on them.
For example, if you have more than one open trade in the same pair, when you enter an opposing trade, it will automatically close the one you opened first. Whether you like it or not.

thanks for your help rickos69!! I was goin crazy for 30min restarting my computer, reloading the fxcm software, ect lol. made my losses back on the second trade and will have to read up on the new rules before my next trade. thanks again

Originally Posted by arodriguez

I made it ... another tool in my toolbox... updating every weekend...

I like it a good tool to have

Originally Posted by WJ_FX

...and where can you read up on it?

https://admin.acrobat.com/_a205571165/p77289955/

Originally Posted by WJ_FX

.....so as it seems you have to "BABY SIT" your trades? Man that's a drag, and why wasn't we as traders on this platform notified!!! This is getting to be complicated!! I don't like it.....

The only thing you really lost is the trailing stop, and the mandatory first in first out. there are some other things that are good.

You can still enter static stops as opposing trades, as well as limits as opposing trades. But, be sure that if you enter a stop trade and a limit trade, you set them up as an OCO,

Originally Posted by WJ_FX

Mr. Long,

I understand that the Trading Station platform was updated over the weekend, and wanted to know from you is there a guide of the sort that can give me some of the new updated features. I was in the process of setting a "One Click" entry using "Trading Mode" but wasn't able to setup my entry. Your help is greatly appreciated.

I'd stay away from one click, unless you have nerves of steel in your hands. One click, and he gone...
http://forexforums.dailyfx.com/fxcm-...k-trading.html (One-Click Trading)

Originally Posted by rickos69

I'd stay away from one click, unless you have nerves of steel in your hands. One click, and he gone...
http://forexforums.dailyfx.com/fxcm-...k-trading.html (One-Click Trading)

thanks rickos69 really do appreciate your support

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