Pending order using OrderSend

[[Deleted]]

Hi everyone,

I use a Ordersend function to place pending orders using OP_BUYSTOP and OP_SELLSTOP command.

But I notice the buy-stop price and sell-stop price in the MT4 pending orders list (at the bottom) and the green/red arrows in the main window is not the same as what I put in the Ordersend function.

Sometimes the stop price is 2-10 pips away from what is set in the function.

Does anyone know why is this so ? I do believe this happens for market orders, but this is a pending order, should it not at least be placed at the price set in the function ?

Many thanks,

Roy

[qjol]

slippage i believe

[[Deleted]]

qjol:
slippage i believe

Hmm...so does that mean a pending order which has not been executed is subjected to slippage too ? Then when it is executed, (converted to market order),

it is subjected to slippage again ? Wow if thats the case it is twice ?

[William Roeder]

Once the price reaches/crosses the pending order price, the pending order BECOMES a market order and subject to slippage(1).

[[Deleted]]

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