Example of total margin/cash required to trade 1 contract of ES with an OCO exit order:
Original position either buy/sell 1 contract of the ES ($400 margin required) - offsetting order, either limit/stop 1 contract of the ES (no margin required) - 2nd offsetting order, either limit/stop 1 contract of the ES ($400 margin required) = $800 Total Margin Required.
In other words, putting in a profit target is no charge. But putting in a stop loss, in addition to the profit target, will cost another $400. And vice versa.
Is this normal broker behavior? Or is this unique to this one broker?
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