Execution in gaps

 

I don't know this from live experience, so I ask about what happens with pending orders during gaps.

For instance now EURUSD is @ 1.3050 

Say I have pending orders... SELL STOP or BUY LIMIT , at 1.3025.  Market opens at 1.3000

Are my orders filled? Is only the sell filled and the buy is not? What happens with orders having SL/TP in the gap area? Is there one type of behavior or it differs from broker to broker? 

 

Stops/TP/SL become market orders. They'd be filled at your 1.3000. (Tester does not model gaps)

Limit orders get filled at  the best available price. So 1.3000 is a better price than 1.3025 for a Buy Limit.

Reason: