Oanda FXTRADE platform. If I have a open long position and want to close it completely and immediately place a short position in opposite direction with one trade/one step sort of speaking. Stop and reverse I guess you would call it. Any ideas on how this could be done the fastest way possible and the least amount of steps.
If I would place a short order for double the amount of units than what is on the long trade would this close the long position completely and open the short for what is half of the amount of units of the short trade. Say 100,000 units were used in the long trade and I place a "pending order" for 200,000 units for a short trade. Than when price hits the "pending order" for the short trade it would completely close the long trade and open a short position for 100,000 units.
Or would there be a quicker, faster, least amount of steps to do this on the oanda fxtrade platform. Thanks Much
If I would place a short order for double the amount of units than what is on the long trade would this close the long position completely and open the short for what is half of the amount of units of the short trade. Say 100,000 units were used in the long trade and I place a "pending order" for 200,000 units for a short trade. Than when price hits the "pending order" for the short trade it would completely close the long trade and open a short position for 100,000 units.
Or would there be a quicker, faster, least amount of steps to do this on the oanda fxtrade platform. Thanks Much