Modifying 2 orders Separately (US Accounts)

[kwanchichi]

I am currently trading on demo. How do I trade each order separately. I opened 2 positions on 1 pair. Both with same stop loss. Trade 1 has a TP, but Trade 2 will not have a TP.

What happens is, every time i modify 1 order, either trade 1 or 2, it automatically changes the other trade. Does this happen also on live accounts? 

[OfentseIG]

11 hours ago, kwanchichi said:

I am currently trading on demo. How do I trade each order separately. I opened 2 positions on 1 pair. Both with same stop loss. Trade 1 has a TP, but Trade 2 will not have a TP.

What happens is, every time i modify 1 order, either trade 1 or 2, it automatically changes the other trade. Does this happen also on live accounts? 

Hi @kwanchichi

Thanks for reaching out. There are specific trading rules set out by the NFA:

• Each position (Forex pair) can only take 1 Stop Loss and 1 Take Profit which is why it changes the other AUD/CAD trade;
• All positions must be closed on a First In First Out basis;
• You cannot hedge in the forex account.

IG is obliged to comply with these rules set out by the regulator. 

All the best, OfentseIG

[kwanchichi]

Is there a way in which I can exit automatically a portion of my trade when it hits 1 Take profit with out me manually exiting?

 

[OfentseIG]

17 hours ago, kwanchichi said:

Is there a way in which I can exit automatically a portion of my trade when it hits 1 Take profit with out me manually exiting?

 

@kwanchichi

If your take profit reaches, it would close all your positions. Thanks, OfentseIG