ATTN: TradeMonster Autotrade Accounts - Roll Adjustment Execution
TradeMonster has informed us that their autotrade platform will no longer administer "roll adjustments" of spread positions in one transaction. Instead, they must split the roll adjustment into 2 separate transactions: 1 transaction to close the existing position and 1 transaction to open the new position.
This applies to roll adjustments for accounts setup to trade usin the Fixed Percent Trade Allocation. Roll adjustments WILL be administered as one transaction in autotrade accounts using Fixed Number of Contracts Trade Allocation.
These mechanics are different from most other Brokers but the end result is still the same - an adjusted position. We just felt it was prudent to educate everyone about their alternate method of handling adjustments.
Happy trading!
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