Hi,
I wanted to share my yesterday experience.
I use the PNC order type from DealBook as advised by GFT support. Trying to test everything at the same time, i unchecked the OCO checkbox of the dialog box...................
When you use PNC, DB actually make 3 orders. 1 for SELL (my case because i went short) and 2 to BUY (1 for your SL and the other one for the TP)
OCO means "Order Cancels Order" which means that all the 3 orders are linked together.
What happened :
I went short, my SL has been raised so i lost 10 pips : First bad news.
BUT, as it is not an OCO the last order e.g my TP, was still running !!!!!!!! I just forgot that !
Say 2 hours later, i was looking in the lower right corner to my equity which was obviously moving ! I suddenly realised what happened and went to cancel order. Too late, Total LOSS : 42 pips !
Do I still have to conclude ..... NEVER UNCHECK THE OCO IF IT'S NOT ON PURPOSE !
I updated
#811 post .....
FXCaribbean
"Don't go where there is a path. Open a new one and leave a trail".
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