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      User AvatarAlan Northam
      Participant

      ANALYSIS OF FIFO RULE FOR Forex. com

      TEST 1

      Trade 1 Lot size = 0.01 TP = 96.1 SL = 94.9
      Trade 2 Lot size = 0.01 TP = 96.05 SL = 94.95
      Result: Trade 1 and Trade 2 both set to TP = 96.1 SL = 94.9
      Trade 3 Lot size = 0.01 TP = 96.15 SL = 94.85
      Result: Trade 1,2, and 3 all set to  TP = 96.1 SL = 94.9

      TP and SL of trades 2 and 3 are changed to be equal to TP and SL of first trade.
      When closing trades Trade 1 first, Trade 2 second, Trade 3 last.
      ===================================================================================
      TEST 2

      Trade 1 Lot size = 0.01 TP = 96.1 SL = 94.9
      Trade 2 Lot size = 0.02 TP = 96.05 SL = 94.95
      Result: Trade 1 and Trade 2 both set to TP = 96.1 SL = 94.9
      Trade 3 Lot size = 0.03 TP = 96.15 SL = 94.85
      Result: Trade 1,2, and 3 all set to  TP = 96.1 SL = 94.9
      Trade 4 Lot size = 0.03 TP = —– SL = —–
      Result: Trade 1,2,3, and 4 all set to TP = 96.1 SL = 94.9

      TP and SL of trades 2,3,4 are changed to be equal to TP and SL of first trade.
      When closing trades Trade 1 first, Trade 2 second, Trade 3 third, and Trade 4 last.
      ===================================================================================
      TEST 3

      Trade 1 Lot size = 0.01 TP = —– SL = —–
      Trade 2 Lot size = 0.01 TP = —– SL = —–
      Result                               TP = —– SL = —–
      Trade 3 Lot size = 0.01 TP = —– SL = —–
      Result                               TP = —– SL = —–

      When closing trades Trade 1 first, Trade 2 second, Trade 3 last.
      ===================================================================================
      TEST 4

      Trade 1 Lot size = 0.01   TP = —– SL = —–
      Trade 2 Lot size = 0.02  TP = —– SL = —–
      Result                                TP = —– SL = —–
      Trade 3 Lot size = 0.03  TP = —– SL = —–
      Result                                TP = —– SL = —–

      When closing trades Trade 1 first, Trade 2 second, Trade 3 last.
      ===================================================================================
      TEST 5

      Trade 1 Lot size = 0.01   TP = —– SL = —–
      Trade 2 Lot size = 0.02  TP = 96.05 SL = 94.95
      Result                                TP = —– SL = —–

      Trade 2 will have its TP and SL changed to be the same as Trade 1
      When closing trades Trade 1 first, Trade 2 second, Trade 3 last.
      ===================================================================================
      CONCLUSIONS:
      1. Trade 2, 3, 4, etc will always have their SL and TP modified to be the same as Trade 1.
      2. Trade 1 must always be closed first followed by Trade 2 followed by Trade 3, etc…

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