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Can I reverse a long position with an EnterShortStop order?

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    Can I reverse a long position with an EnterShortStop order?

    Hi,

    Supose I am Long cose a EnterLongStop order got filled at EURUSD 1.2400. Suddenly a I am negative in 10 pips 1.2390). If I want to reverse my position, Can I close that negative position and get short with a EnterShortStop order at 1.2390 previoudly placed? I guess that EnterShortStop order has to be for more contracts than the active long order.

    Or this situation would create a hedge?

    Thanks in advance

    #2
    CJS, yes you could reverse a long position with that method. Alternatively, you could do an ExitLong() followed by an EnterShortStop().
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