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Open Feature request MC-1259

"Reverse" command in chart trading results in two separate orders

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Description

Using the "Reverse" button of the chart trading module results in two separate orders: one to close the current positon, and one to open the reverse position.
Depending on the broker's commission scheme, this can lead to increased trading cost:
If a minimum commission is charged for small order sizes, two separate orders will cost twice as much as one single order.  
From my perspective, expected behaviour is that only one single "big" order is generated to close the current position and to open the reverse position.

Steps to reproduce this issue

Example: FX trading via IB
 
Buy 20k GBP.USD -> one order "buy 20k" will be generated
Reverse position (via "Reverse" button) -> two orders "sell 20k" will be generated; expected behaviour is that only one single order "sell 40k" will be issued.
 
Since the order size in this example is rather small, a minimum commission will apply for both sell orders.
 

Comments (2)
#0
user-offline.png  Alex MultiCharts (Alex MultiCharts)
Mar 21, 2013 - 07:56

The behavior is expected. If you want to reverse by 1 order, you should sent such order with required number of contracts.

#0
user-offline.png  seneca (Seneca)
Mar 21, 2013 - 12:08

As the "Reverse" button is intended to reverse the current position: what is the benefit of doing this by two separate orders instead of by just one order? Maybe you may want to shed some light into this.

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    Feature request
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