How to close trades on U.S based (FIFO) accounts

Brief

Explains how to close positions on U.S. based (FIFO) accounts

Details

Since NFA Compliance Rule 2-43(b) came into power all United States based accounts have lost ability to manually close open positions. Before you would just invoke CloseTrade() function with a TradeID or OrderID and the trade would be closed.

Now however to close a trade you need to open an opposite action for same amount.

So for example:

You open a buy trade on EUR/USD for amount of 100K.

To close above position:

You need to open a sell trade on EUR/USD for amount of 100K.