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More info coming soon.
Dear Ken,
Thank you for contacting us.
FXDD's backoffice does not recognize hedging. It is a position based system and all opposing orders are offset immediately. It is through this Backoffice system that all reports will be generated, and your actual account value is displayed. Once one side of an offsetting position is closed out on the dealing blotter, or the MetaTrader4 Platform, a position is again reinstated in our Backoffice. As a result, this change should not affect your trading style and should not affect your EA if you use one.
According to the FIFO rule, all open trades on a specific pair must be treated as a single position. Report Viewer, which is FXDD Backoffice follows a concept of weighted average. It displays a single value that is meant to typify a list of values that are within the same category (same currency pair).
So, your MetaTrader, which is recording tool will display two separate orders for the same currency pair, but our Backoffice will treat them as one, since they are within same currency pair and display it as one, with a weighted average price. How do you calculate a weighted average? Lot size x rate + Lot size x rate, etc. add all of these up and divide it by the total lot size.
Example: 0.1 @ 1.1450, 1.3 @ 1.5050 and 3.2 @ 1.3940.
So, (0.1 x 1.1450 + 1.3 x 1.5050 + 3.2 x 1.3940) / (0.1 + 1.3 + 3.2) = 1.419956522
Because we treat it as a weighted average, you can still close any position in any order on MetaTrader side, but it will be settled against weighted average in the Backoffice. As a result, this change should not affect your trading style and should not affect your EA if you use one.
If you have any questions, please let me know.
Best regards,
_______________
Jason Galano
Sales and Support
IBFX had similar abilities, but they dropped it! I am migrating over to FXDD. I am also looking at FinFX in order to get the leverage back. I have been running MD Pro on demo at IBFX, FXDD, and FinFX and all are similar in output. Does anyone have anything to add regarding FinFX?
I dished out 99$ for this ea a couple of months ago. Bad bad mistake......First trade lost 100$ I did the wise thing and turned it off never to turn it back on. Thank god I did because it's lost and lost and lost on FPA. As honorable as the creator may be this ea is history.