Documentation

Special Notes for Oanda Bots

Trading Nuances with Oanda Bots on the TOMMYBOTS Platform

Trailing Stops:

  • Trailing Stops are always executed as market orders.

  • Trailing Stop amounts are always 100% of the original position size. You cannot create a trailing stop that sells a percentage of the original position.

  • If there are multiple trades comprising a position, TOMMYBOTS will automatically generate separate Trailing Stop orders for each trade ID when a Trailing Stop order is submitted through the bot.

Stop Orders:

  • Orders with the "Stop" order type can use percentages for the order size, allowing you to sell a specific percentage of the position.

  • However, market and limit orders submitted with the "Add Stop" option cannot use a percentage for the stop amount. These orders will be automatically submitted with an amount that is 100% of the position size. Please note that this limitation exists within the Oanda API and not TOMMYBOTS.

Take Profit Orders:

  • Unlike "Stop" orders, "Take Profit" orders cannot use percentages for the order size. They will always be 100% of the original position size due to limitations in the Oanda API.

  • If there are multiple trades within a position, TOMMYBOTS will automatically generate separate Take Profit orders for each trade ID when a single Take Profit order is submitted through the bot.

  • Similar to Stop orders, market and limit orders submitted with the "Add Take Profit" option cannot use a percentage for the take profit amount. These orders will be automatically submitted with an amount that is 100% of the position size. Please note that this limitation is specific to the Oanda API and not TOMMYBOTS.

Other Important Notes:

  • POST ONLY orders are not supported.

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