What is arbitrage order in foreign exchange trading?
What is arbitrage order in foreign exchange trading?
take-profit order, Also known as TP. It is set based on your exit price. Even better, arbitrage orders are automatically executed in MT4 and MT5 software, and you don't need to do it yourself. Just as stop loss is set up to control losses; On the contrary, arbitrage orders are set based on profit levels.
Arbitrage orders will automatically close positions and cash out some profits at the price specified by the trader. If you have long EUR/USD at 1.1740 and want to close the arbitrage position when the price rises to 1.1770, you must set an arbitrage order after opening the position. If the arbitrage is set at 1.1770, the arbitrage order will help you automatically close your position when the price reaches 1.1770, ensuring that your profit in the market is kept warm in your pocket.
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