Chart Trading "Reverse" function not cost effective for FX/Metals odd lots  [SOLVED]

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seneca
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Chart Trading "Reverse" function not cost effective for FX/Metals odd lots

Postby seneca » 22 Mar 2017

The "Reverse" button function as implemented by the Chart Trading module is not cost effective, when smaller Forex or Metal lots are traded with Interactive Brokers:
When the "Reverse" button is used, two separate orders are generated. One to close the current position, and another one to open the reverse position. Most brokers, like IB, charge a minimum commission for Forex or Spot Metals. So, for example, the commission for 50k GBP.USD is 2.00 USD, and for 100K GBP.USD it is also 2.00 USD. Using the reverse function for these smaller orders means double commission costs per reversal; in the example given 4.00 USD instead of 2.00 USD. From my perspective, there should be an option to generate only one single reversal order when the "Reverse" button is triggered.

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Angelina MultiСharts
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Re: Chart Trading "Reverse" function not cost effective for FX/Metals odd lots

Postby Angelina MultiСharts » 24 Mar 2017

Hello Seneca,

Please leave a feature request here: https://www.multicharts.com/pm/public/multicharts for other users to vote.

seneca
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Re: Chart Trading "Reverse" function not cost effective for FX/Metals odd lots  [SOLVED]

Postby seneca » 03 Apr 2017

I've left an issue in Project Management addressing this problem, please see it here: https://www.multicharts.com/pm/public/m ... es/MC-2209


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