IF Done Orders

[richrichie]

Hello Traders

Is there a way to set an IF DONE type order in ExpressFX like one can in ClassicFX :confused:

Thanks

[TXFX]

Hello Traders

Is there a way to set an IF DONE type order in ExpressFX like one can in ClassicFX :confused:

Thanks

No way pal:)

[richrichie]

Well that just sucks, doesnt it!

ClassicFX looks good again for me then

[TXFX]

Well that just sucks, doesnt it!

ClassicFX looks good again for me then

Classic is really powerful trading platform! I found it so advanced bacause you can manage your position in any way you want by using IF DONE orders.
Did you know that RUMUS allows you to place an order with a size much bigger than your current margin ;) ?

[richrichie]

Did you know that RUMUS allows you to place an order with a size much bigger than your current margin ;) ?

Dont mean to ask a really stupid question, but what do you mean by your above statement?

[TXFX]

Dont mean to ask a really stupid question, but what do you mean by your above statement?

I meant that you can do more money here, with fxclub, then somewhere else.

Just as an example: I see that EURUSD will rise from 1.3550 to 1.3650. I have only $1000 on my account. How can I make $1250 on 100pips move?

I just set the following rules:

Opening IF Done stop to buy 100,000 @ 1.3550
-> Sell TP @1.36
-> Sell SL @ 1.3540

And immediately Opening IF DONE stop to buy 150,000 @ 1.36
-> Sell TP @ 1.3650
-> Sell SL @ 1.3590


Do you understand?

[mayday]

Dont mean to ask a really stupid question, but what do you mean by your above statement?

I think what TXFX means is that Forex Club does not fix PL until a position has been closed. This means that your margin is not dedicated to a single position and you can use your balance as a margin for multiple positions. This is one of those hard-to-see-at-first unique features of Forex Club's trading software, but it is, as we hear from traders, quite popular and useful.

Good luck with your trades!