Guys I have a question. I have always thought that Take Profit is a limit order - a bid or offer on the book of ECN exchange. It looks like I was wrong, at least on MBT demo. A Take Profit on an existing buy order didn't get executed until the bid reached the price - same as with any Market Maker. When I tried to close my position with a separate limit sell order - an offer - the system declined to do that explaining that hedging is not allowed. Some voodoo BS! I'm pretty sure it works on futures, but does it work the same way on other ECNs like Currenex, Dukascopy?
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