closing half of a position on oanda | Forex Factory

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closing half of a position on oanda

  • #1
  • First Post: Aug 6, 2008 8:14am Aug 6, 2008 8:14am
If I have multiple short position on eur and I want to close half of a specific position is it possible?
  • #2
  • Aug 6, 2008 9:18am Aug 6, 2008 9:18am
Sure. Just take half of your position size (ie if your position is 10000, then half is 5000) and sell it back. If you are long, of course.
  • #3
  • Aug 6, 2008 9:29am Aug 6, 2008 9:29am
Quoting knightsy
Sure. Just take half of your position size (ie if your position is 10000, then half is 5000) and sell it back. If you are long, of course.
Yes I understand but if I have ie two position long one with 10 000 with a stop at 1.5000 and one with 5000 with a stop at 1.5050 and I want to close 2500 of my 5000 position,... I sell 2500 but they sell 2500 of my 10 000 position wich is the one that I want to keep because of the stop that I have on this one. I think they sell those unit on the oldest position my guess!!!
  • #4
  • Last Post: Edited 1:14pm Aug 6, 2008 12:53pm | Edited 1:14pm
Quoting Bridge
Yes I understand but if I have ie two position long one with 10 000 with a stop at 1.5000 and one with 5000 with a stop at 1.5050 and I want to close 2500 of my 5000 position,... I sell 2500 but they sell 2500 of my 10 000 position wich is the one that I want to keep because of the stop that I have on this one. I think they sell those unit on the oldest position my guess!!!
I think so, FIFO (First In First Out) if I remember correctly. I guess the only way would be to close the 5k and re-open 2.5k and pay the .9 spread (23c or something)

Edit: Just make sure you have a Market Order ticket filled out and ready to Sell 2.5k when you click the 5k Close....or Buy in the Asian session, with 5k you might even move the market and get a better price on your 2.5k


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