FXCM Forex Advanced Orders

Marvin

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Apr 30, 2020
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Hello,

Is it possible to place an advanced order like shown in the attached photo while using Motivewave combined with the FXCM Forex Brokerage? I'd like to set either a (limit buy or sell) and have (3) take profit orders and (1) stop loss attached to the position automatically when the order is filled.

Thanks
 

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MotiveWave_Joe

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Hi Marvin,

You can use exit strategies to accomplish this. You would need to have your trade panel open with your specific exit strategy selected and enabled. Simply place a limit order via the price axis by clicking above or below price and the exit strategy will be applied once the position is filled. I recommend that you try this in demo mode until you are comfortable with the expected behaviour. More information on exit strategies can be found in the following guide: http://motivewave.com/guides/Whats_New_In_Version_6.pdf
 

Marvin

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Hi Joe,

Thanks for the reply. It seems that exit strategies are unavailable while connected to the FXCM Brokerage even if the exit strategies are "enabled". Could someone look into this please?

Thanks,

Marvin
 

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MotiveWave_Joe

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Hi Marvin,
Exit strategies are available in the community edition and in an FXCM workspace. The community edition does not allow live trading but you can still use them in the included simulated mode.
 
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