FIFO compatible

FIFO compatible update

Last evening we recieved question about US NFA regulated brokers. Yes our trade manager can trade with this brokers but I want to take your attention to one thing.

NFA regulator have FIFO rule. Euro traders who taking first experience with brokers under NFA can’t understand why they are can’t close ther orders and why trading server showing an errors.
FIFO-close-trade-FIFO-message-102d88c04aa892e49e8808167666843de5bbad83
Let me explane What is it FIFO and how to trade with that type of brokers.

FIFO is acronym from First In First Out – it means when you want to close more than one orders you should close first opened trade to the last one following that order. From first to last.

First you should close older order:
FIFO-trades-table-example1-e2222cb622c47a63c60e43643bb09c203cb90d95
Then next one:
FIFO-trades-table-example2-a4b93bf12a7e2df9a5f847f1d8d16fe58d4ccde6

Our US traders usually trade with trend following strategies and doesn’t have this problem.

I made last night FIFO compatible option for our soft so if you are US trader or using US broker under FIFO rule just turn on FIFO option in the order management part of our trade manager settings.

Green pips and stay in tune!

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MQLDev

RETAIL FOREX TRADER
CODER_

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Donation for supporting free version of the trade manager and indicators









Last donators:
31. Haruto T. $15
30. Helen L. $45
29. Peter H. $180

Thank you guys!