How to overcome slow trade closures - Baskets with 50+ trades | Forex Factory

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How to overcome slow trade closures - Baskets with 50+ trades

  • #1
  • First Post: Jun 29, 2012 6:15pm Jun 29, 2012 6:15pm
I've done a search and most of the scripts EA code closes each trade at a time which is fine for a few trades but when a basket of trades hold 50-500 trades this can be slow and price can go against you.

Anyone have any thoughts on how to speed up closure of large baskets? The broker i am testing with is slow but allows cent account live for my EA. If there is no option other than closing on a per trade basis can you recommend a good cent broker instead. I'm currently testing with tradefort and it can take up to 2s per trade to close!

Cheers

Mike
  • #2
  • Jun 29, 2012 6:52pm Jun 29, 2012 6:52pm
Quoting magft
I've done a search and most of the scripts EA code closes each trade at a time which is fine for a few trades but when a basket of trades hold 50-500 trades this can be slow and price can go against you.

Anyone have any thoughts on how to speed up closure of large baskets? The broker i am testing with is slow but allows cent account live for my EA. If there is no option other than closing on a per trade basis can you recommend a good cent broker instead. I'm currently testing with tradefort and it can take up to 2s per trade to close!

Cheers

Mike...
Just open a $100 account with a real broker such as fxdd. you can trade micro/mini but not nano
Know when to hold em, Know when to fold em!
  • #3
  • Last Post: Jun 29, 2012 7:36pm Jun 29, 2012 7:36pm
if your talking about all the trades in the same pair and all in the same direction, then add up all your trades (pennies) and open one trade in the opperset direction equal to the total open trades that will mean one order and then close all with that order, the closer will be locked in and it would make little difference if the pennies closed in 2 minutes or more. It will still take an hour to close hundreds of penny trades but in the mean time the market can move against you.




Quoting magft
I've done a search and most of the scripts EA code closes each trade at a time which is fine for a few trades but when a basket of trades hold 50-500 trades this can be slow and price can go against you.

Anyone have any thoughts on how to speed up closure of large baskets? The broker i am testing with is slow but allows cent account live for my EA. If there is no option other than closing on a per trade basis can you recommend a good cent broker instead. I'm currently testing with tradefort and it can take up to 2s per trade to close!

Cheers...
Trader Keit ... Methods Of A Dirt Road Mad Man....
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