Oanda updates FIFO implementation

oanda was the only broker left with some "backdoors", although this is not the most appropriate term for this case, until nfa figured out what really happens there. unbelievable... nfa is literally doing everything to close the door on small traders.
now the trick - there is a a very simple solution to overcome this dumb rule, but it only works for who is using oanda platform.

This sucks! I've been buried in a long USD/Chf that I don't want to close since the false breakout from the then record low.

However, after the pair resumed its decline, I've been able to buy the pair on retracements, make a few pips and then close that trade out at a profit to keep my overall paper loss bearable. Now that strategy is apparently gone.

I guess I can go open another account with a Oanda competitor.

Doesn't really make a difference. If you have four one mini-lots of euro open, it makes no difference which of these four trades you close first. If you have four paw-paws in a row and must remove a paw-paw, it doesn't matter which paw-paw you remove first. If you have four 100 dollar bills in a row, it doesn't matter which dollar bill you remove first, you net exposure still remains $400.
Hedging makes no sense , rather than hedging a 4 mini-lot long position with one short , close out one mini-lot. Which mini-lot you close makes no difference. Hedging incurs extra commission costs because now five effective positions have to be closed instead of only four.

Hedging is thus a scam used by brokers to give their clients the illusion that they are doing something special, while only incurring extra costs. Rightly the NFA are protecting naive forex simpletons.

with Oanda for a long time. this time won't be coming back.