I subscribe to signal X with options set as follows:
Copy Stop Loss and Take Profit levels: TRUE
Synchronize positions without confirmations: FALSE
Deviation/Slippage: 1.0
With the above settings I would expect a position that was opened in my account by signal X, that subsequently hits the Take Profit level and closes, to remain closed.
However, if the trade hits the Take Profit in the subscriber's account but not the provider's (eg due to slightly different quotes at different brokers), it seems to re-enter the position automatically in the subscriber's account soon after closing. At least that is what happened to me a couple of days ago. Is that expected behaviour? It's certainly not desirable behaviour.
I also found that if I manually close a trade that's in profit, the signal automatically re-enters the position without first confirming whether it should do this. I could understand that it might re-enter automatically once the market price returned to a favorable level (matching the entry price of the provider's trade), but it doesn't wait for this. It just re-enters straight away at an entry price that is potentially much worse than than the provider's entry price.
Is this likely to be fixed in the near future?
Thanks in advance ...
according to my experience & understanding, this is expected behaviour.
the TP & SL copy serves as protection in case of losing connection and sync, and it can result in consequences you've experienced. to avoid this, you should be using same broker as signal provider or a reliable VPS based copying terminal without TP&SL copy.
you are not allowed/supposed to touch the account which is used for signal copy, hence the reopening of manually closed positions.
however, angevoyageur thinks this is not expected behaviour, so you should check another opinion as well as documentation.
according to my experience & understanding, this is expected behaviour.
the TP & SL copy serves as protection in case of losing connection and sync, and it can result in consequences you've experienced. to avoid this, you should be using same broker as signal provider or a reliable VPS based copying terminal without TP&SL copy.
you are not allowed/supposed to touch the account which is used for signal copy, hence the reopening of manually closed positions.
however, angevoyageur thinks this is not expected behaviour, so you should check another opinion as well as documentation.
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I subscribe to signal X with options set as follows:
Copy Stop Loss and Take Profit levels: TRUE
Synchronize positions without confirmations: FALSE
Deviation/Slippage: 1.0
With the above settings I would expect a position that was opened in my account by signal X, that subsequently hits the Take Profit level and closes, to remain closed.
However, if the trade hits the Take Profit in the subscriber's account but not the provider's (eg due to slightly different quotes at different brokers), it seems to re-enter the position automatically in the subscriber's account soon after closing. At least that is what happened to me a couple of days ago. Is that expected behaviour? It's certainly not desirable behaviour.
I also found that if I manually close a trade that's in profit, the signal automatically re-enters the position without first confirming whether it should do this. I could understand that it might re-enter automatically once the market price returned to a favorable level (matching the entry price of the provider's trade), but it doesn't wait for this. It just re-enters straight away at an entry price that is potentially much worse than than the provider's entry price.
Is this likely to be fixed in the near future?
Thanks in advance ...