Does Stop Level qual to..?

[[Deleted]]

Does stop level of a pair equals its spread?

Or those are totally different things?

Or maybe they usually close in values?

[Ian Flanagan]

The spread is the difference between the bid price (what you see), and the ask price (i.e. the profit the broker makes each time you open a BUY trade, or close a SELL trade)

 The stop value is completely different, it's a limit to stop you placing an order's StopLoss and TakeProfit prices too close to the current price.

 

If the price is 0.50000 and the stop limit is 10 points then you can't choose a SL or TP within the values: 0.49990 - 0.50010

 

It might be a little more complex than that but it's what you need to know for now, I can't be bothered checking ;) 

[Simon Gniadkowski]

t0mbfunk:

Does stop level of a pair equals its spread?

Or those are totally different things?

Or maybe they usually close in values?

To add to what has already been said . . . read, understand and take this into account when coding:  Requirements and Limitations in Making Trades