Hello,
A question to all Oanda traders:
As Oanda does not offer OCO orders (no idea why?!), how do you manage your trades if you want to take profit at two price levels?
Example:
Sell 10,000 GBP/USD at 1.55
Stop Loss = 10,000 at 1.5550
Take Profit 1 = 5,000 at 1.5450
Take Profit 2 = 5,000 at 1.54
Now:
1. I can only associate ONE take profit order to the trade
2. I cannot create an OCO order. So creating two independent long GBP/USD trades, that would close my initial position (no-hedging) would not help because they orders would not get deleted when my stop loss is hit. This could lead to my stop loss being hit and possibly even the two independent long orders getting hit, but I don't want this of course after my SL was hit.
Yes, doing it manually would obviously be the way to go, but I'm not really in the position to have a lot of access to the platform because of my job.
So, has anyone an idea how I could handle this?
A question to all Oanda traders:
As Oanda does not offer OCO orders (no idea why?!), how do you manage your trades if you want to take profit at two price levels?
Example:
Sell 10,000 GBP/USD at 1.55
Stop Loss = 10,000 at 1.5550
Take Profit 1 = 5,000 at 1.5450
Take Profit 2 = 5,000 at 1.54
Now:
1. I can only associate ONE take profit order to the trade
2. I cannot create an OCO order. So creating two independent long GBP/USD trades, that would close my initial position (no-hedging) would not help because they orders would not get deleted when my stop loss is hit. This could lead to my stop loss being hit and possibly even the two independent long orders getting hit, but I don't want this of course after my SL was hit.
Yes, doing it manually would obviously be the way to go, but I'm not really in the position to have a lot of access to the platform because of my job.
So, has anyone an idea how I could handle this?