Has anyone tried to use the Multi Targets/Stops option with IG broker in the US?
I've just tried and with no success, because of so called FIFO rule (I was told).
Here is an example.
Let's say
I have only ONE position going in the same direction (e.g Long) , with the following
inputs:
Qty Target Stop
70% 15 pips 10 pips
20% 20 pips 10 pips
10% 25 pips 10 pips
The total Qty (quantity) is
100%, so it is just ONE position, but with different Targets and the same Stop.
Only ONE order from the above example was filled (the very first one with 70%) and 2 other were rejected.
I have tried with different Targets and different Stops numbers; still no success. Each time only one order is accepted, and the rest were rejected.
Have anyone tried to use that option, here in the US or maybe you know a work around it?
Thanks for your input.