Hi,
Most brokers use FIFO (First in First out). Can you add FTF?
1 Long ES @3750
1 Long ES @3720
1 Long ES @3660
Avg. Entry of this trade is $3710. It's equal to 3 x 3715
Now If we close 2 of them at $3710, system is going to close first two and count them as a losing trade. 1st -35 pts, 2nd -5 pts. Actually they where in profits. I have closed 2 contracts and the entry was at 3710. And also, because of FIFO rule, the entry will now be 3660. This really confuses me a lot. Is there a way to calculate using flat-to-flat? Sierra charts have this option but we don't.
Thank you
Most brokers use FIFO (First in First out). Can you add FTF?
1 Long ES @3750
1 Long ES @3720
1 Long ES @3660
Avg. Entry of this trade is $3710. It's equal to 3 x 3715
Now If we close 2 of them at $3710, system is going to close first two and count them as a losing trade. 1st -35 pts, 2nd -5 pts. Actually they where in profits. I have closed 2 contracts and the entry was at 3710. And also, because of FIFO rule, the entry will now be 3660. This really confuses me a lot. Is there a way to calculate using flat-to-flat? Sierra charts have this option but we don't.
Thank you