I tried to execute a buy limit order and got Invalid S/S or T/P and I don't understand???

 

I just opened a demo account. I tried to open a buy limit trade on EURUSD with the following parameters:


-Volume: 1.00

-Pending Trade

-Buy Limit

-Stop Loss: 1.5777

-Take Profit At : 1.5882

-At Price: 1.5807

-No Expiry


I place the order and get : Invalid S/L or T/P

don't understand.... Help!!!!

 
bluesman wrote >>

I just opened a demo account. I tried to open a buy limit trade on EURUSD with the following parameters:


-Volume: 1.00

-Pending Trade

-Buy Limit

-Stop Loss: 1.5777

-Take Profit At : 1.5882

-At Price: 1.5807

-No Expiry


I place the order and get : Invalid S/L or T/P

don't understand.... Help!!!!

Hi,

I think I'm having the same problem as you! I posted something today (11th Feb) along the same lines as you, but I see you've been waiting a long time for a reply! Maybe these people are too technical for us :-)

If you find the answer, or know of a practical how-to-use tutorial for MT4, then please let me know.

Thanks,

Mike

 
bluesman wrote >>

I just opened a demo account. I tried to open a buy limit trade on EURUSD with the following parameters:


-Volume: 1.00

-Pending Trade

-Buy Limit

-Stop Loss: 1.5777

-Take Profit At : 1.5882

-At Price: 1.5807

-No Expiry


I place the order and get : Invalid S/L or T/P

don't understand.... Help!!!!

What is the current Ask price at the time of placing the limit order? The limit price for a buy must be less than Ask - stoplevel*Point or you will get "invalid" stops.

 

I think you should use Buy Stop order this case, because EURUSD price now is about 1.29.

Reason: