Hi guys
I used to trade S&P500 on a really tight scalping system (2-4 ticks TP & SL). To achieve this, I used a bracket order within MarketDom in the NinjaTrader software. While the DOM numbers obviously don’t apply to FX, I really liked being able to set bracket order ranges permanently, which would automatically kick in whenever I opened a position.
I’m interested in scalping the EUR/USD. I’ve been learning MT4 with Oanda/HotForex demo, but can’t seem to set my bracket order until I am already in a position. Since I often hit TP/SLs in seconds, setting my brackets after opening a trade is just not feasible.
Is there a good broker/software setup that will allow me to set my bracket range in advance - then, the range applies automatically to where I get filled? Maybe there’s a bracket order plugin for MT4? Or, there’s an FX broker that uses software that can set bracket range in advance?
The broker would also need tight spreads due to high round-trip volume.
Thanks for your help!