Hi all, Just wondering what kind of size EUR/USD spot can handle before exiting at stops/limits becomes an issue. The approach is all-in-all-out and, as the distance between entry and stop(-6)/target(6+) are relatively small, not getting filled on all lots at or very near to the order price would be detrimental to the edge. I've been using 1 lot (100K) but wondering how far I can take this when I inevitably move on to larger sizes via OPM.
Up to $10 million notional is an instant fill at Oanda, if I'm not mistaken. Or maybe they just say that to lure you in, I never tried it
with interactive, the limit for one order is 5m. But they will accept any size and just split it up into 5m lots. Not sure what 5m does to a market, never traded that big. Bill Gates was complaining (after making a killing in CAD) that forex just wasn't liquid enough to move big size, other than EUR/USD.