Does anybody know of a broker aside from forex.com that provides OCO (one cancels another) trades?
Does anybody know of a broker aside from forex.com that provides OCO (one cancels another) trades?
OCO is a frequent attribute on a lot of the proprietary platforms. I have seen it on CoesFX, GFTForex and that I believe MB Trading's platform as well.
MetaTrader provides an OCO attribute, but it's not's just like the typical OCO. You can attach a stop and a limit order for a current market order in play. Whichever gets hit takes that order from this market. So, I guess you may say that MetaTrader provides the feature as well, opening you up to a host of different brokers.
Please inform me why you would wish to possess OCO attribute. Wouldnt hedging be a fantastic attribute to have instead? OCO would eliminate hedging . Cant you effect OCO by taking an opposite position for the same quantity?
If I am missing something here. . Please inform me.
GFT. You can just have 1 trade per pair at a time. Its good for averaging down / up in trades, though it is a bit confusion.
OCO is a useful feature.
You can straddle by hedging, however you are spending the disperse twice.
Where as OCO, of course, you are only opening and closing one place on a trade.
. .but what is a few pips!?
DEPENDS ON THE BROKER.
THERE IS A THREAD GOING ON IN THIS FORUM ABOUT HOW TO STRADDLE EVEN IF YOUR ACCOUNT DOESN'T ALLOW IT. YOU MIGHT WANT TO DO SOME REASEARCH. I'LL KEEP MY EYES OPEN IF I COME ACROSS IT AGAIN.
TAKE IT EASY
Hi please someone tell me how and what to look for when I am seeking a new broker.i am new and I should be starting with demonion but still with demonion that I want to make sure I have a fantastic broker so pl somebody advise me.