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Broker which allows scaling out of a trade

  • Post #1
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  • First Post: Feb 21, 2008 1:31am Feb 21, 2008 1:31am
  •  Trumpcard
  • | Joined Oct 2005 | Status: Member | 832 Posts
I'm looking for a broker which offers mini accounts and the ability to scale to scale out of trades. By this I mean I want to, for example, enter 5 lots and pre-set take profit levels for each lot in advance. ie, 1st lot exit at 50 pips, 2nd lot exit after 75 pips...

I know the same thing could be achieved by entering 5 separate trades at the same price but I want to speed up the process.

The broker doesn't have to use MT4.

(There are many manage profit EAs out there but I don't feel comfortable leaving my computer on for extended lengths of time when I'm not around.
  • Post #2
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  • Feb 21, 2008 3:03am Feb 21, 2008 3:03am
  •  Xaron
  • Joined Apr 2007 | Status: Evil Kraut | 2,743 Posts
Oanda does allow it. There you can't open a long and a short order in the same account. That way you can easily scale out any position...

Regards - Xaron
 
 
  • Post #3
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  • Feb 21, 2008 4:43am Feb 21, 2008 4:43am
  •  shadowninja
  • | Joined Jan 2008 | Status: Small Member | 493 Posts
Alpari allow you to do it, too.

IG Markets are another.
The market reveals who we really are...
 
 
  • Post #4
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  • Feb 21, 2008 4:47am Feb 21, 2008 4:47am
  •  Trumpcard
  • | Joined Oct 2005 | Status: Member | 832 Posts
cool thanks for the replies! shadowninja, do Alpari and IG Markets offer mini accounts? Any minimum account size?
 
 
  • Post #5
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  • Last Post: Feb 21, 2008 5:02am Feb 21, 2008 5:02am
  •  shadowninja
  • | Joined Jan 2008 | Status: Small Member | 493 Posts
Alpari do micro-lots. IG Markets do mini-lots. I'm with Alpari until I'm more confident about risking a bigger sum; then I'll go to IG because I don't have to stick to a PC with MT4.
The market reveals who we really are...
 
 
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