Trading Just got harder for oanda customers: i receive this email today
Dear James,
Beginning August 16, 2019, we will be changing our “first in first out” (FIFO) order handling. After this change is in effect, all orders of the same currency pair in the same sub-account must have a unique size if they have a take profit (TP), stop loss (SL) or trailing stop (TS). This will not impact orders that do not include a TP, SL or TS, unless another order of the same size is already open in the sub-account with a TP, SL or TS.
After August 16, 2019, if you attempt to enter a market order with a condition that violates our new FIFO policy, you will see error messages in our fxTrade Web, Mobile and Desktop platforms explaining the violation and instructing you to change the order size. In MT4, users will receive an MT4 message whenever an order is canceled due to OANDA’s FIFO policy.
For more information and to see some examples of what this change will mean to your trading, visit our FIFO information FAQ.
If you have any questions, please contact our client experience team anytime markets are open.
Kind regards,
The OANDA team
