Quote:
Originally Posted by Kenny Rogers
That is very weird, in my trading experience on the futures market, FIFO is about order filling.
I gotta brush up on all these new regulations by the NFA. But I guess it doesn't really strikes me because I'm so used to these rules already set in place on the Futures market. There was never hedging or choosing with part of the order to close. I don't even think about it.
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Here's where the NFA outlined their ruling
http://www.nfa.futures.org/news/PDF/...Adj_112408.pdf
It will bring the rules in line with those that are currently used in equities and futures. But most brokers keep individual tickes for each order that is placed instead of combining the amounts and averaging the entry price. So traders have built their strategies to manage individual tickets.
Will be interesting to see how this affects expert advisors. Curious, is anyone using expert advisors and concerned about the FIFO rules? Have you started to modify them to reflect new closing rules?