1 Topic by gcm (edited by gcm 2019-09-07 00:23:26)

  • gcm
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Topic: FIFO regulations

For those of us in the Unites States who have to deal with the repercussions of Dodd-Frank, how does Portfolio Maker handle the First In First Out (FIFO) regulations? I can see situations where running multiple strategies simultaneously on a single currency pair via Portfolio Maker/MT4 may result in both long and short positions being open simultaneously and effectively running afoul with FIFO. Thoughts?

  • Popov
  • Popov
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Re: FIFO regulations

I'm not familiar with Portfolio Maker, but you have to be very cautious.

The FIFO rule effectively prevents the possibility to trade multiple strategies on one symbol. The problem is that the second strategy cannot close its position, which breaks its logic.

I'm thinking for a solution to this problem. Please stay tuned.

Popov's Website

  • gcm
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Re: FIFO regulations

Thanks Popov - it is unfortunate that the US has placed such severe restrictions on FX trading that the rest of the world does not have. I am looking forward to any possible solution(s) that may come up with!