Specifying StopLoss and Take Profit

Spotware
21 Mar 2017, 12:12

Hi ianj,

No this is not possible using FIX API neither we have plans to implement it soon. You will need to implement this functionality on your side.

ales.sobotka@gmail.com
17 Aug 2017, 23:23

RE:

Spotware said:

Hi ianj,

No this is not possible using FIX API neither we have plans to implement it soon. You will need to implement this functionality on your side.

 

Dear Spotware,

could I please ask you what is the reason behind not implementing such an obvious functionality ? Any recommndations how to solve that ? 

Thank you in advance, Alex

Spotware
18 Aug 2017, 11:04

Dear Alex,

Essentially a SL and a TP are just a stop order and a limit order associated to a position with the same volume but in the opposite direction. SL and TP are more of an interface feature that allows you to keep pending orders associated with a position, rather than a specific trading instruction. Therefore we do not plan to make this feature a part of FIX API. Instead, it is advised to implement SL and TP on your side by opening a stop loss order and a limit order linked to a position with the same volume and the opposite direction. 

Best Regards,

cTrader Team