Disliked{quote} {quote} {quote} MT4 is a third-party platform, so there are limits to the changes we can make to it to have it comply with that FIFO regulations that apply to traders in the US. That said, there's a free Expert Advisor on FXCMapps.com that will allow you to create multiple stop losses and take profits on your US MT4 account: http://bit.ly/1wXKHsE Unlike MT4, the Trading Station was developed by FXCM in-house, and it does allow you to set multiple stops and limits for the same currency pair. It sounds...Ignored
Hi Jason,
I looked into the EA you suggested. Definitely NOT an option for me. Need to use VPS for any overnight positions, must leave computer on if not using VPS, need to type in every number for each TP & SL, can't see the orders on the chart, etc., etc....
Sorry, I guess just too spoiled these days with technology. That EA goes backwards a few years :-)
Someone else on FF from the USA posted a few comments (see comments below) & wonder what your thoughts are. Seems Oanda has modified the MT4 platform to make it work much better & still meet the CFTC rules. Maybe have your tech crew have a look ?
"Just makes using MULTIPLE limit orders (which profitable traders use) more difficult.
But with Oanda you could have a long 0.5 lot and then a sell limit for 1.00 lot and it would TP and get your short all at once.
And if you had multiple long entries, the TP would close them in order automatically. Great brokers like OANDA are finding ways to say F U to the rules.
Works with stop orders as well, not just TP. Allows you to have multiple stop losses too.
More brokers need to offer this. Oanda's MT4 is great "