Strange Discovery; I need Help!
I discover today as I was trading using my hedging strategy that I could not place a pending order within my recovery gap again as the platform kept on saying invalid SL/TP. I sense there was a little volatility in the market then but even for like 1hrs after then, the problem persist.
Someone should kindly help; is it my broker platform setups OR that is the general attitude on MT4?
Many brokers have an area of pips/points in which they don't let you place a new order, or modify SL and TP levels.
Usually when you can't place the order you want, there is a message inside the new order window saying: Open price you set must differ from market price by at least 10/20/... points.
Most likely the stop level, which is set by your broker for each symbol
Find your symbol
Look at Stops level
Besides the STOPS LEVEL limitations also look at the FREEZE LEVEL limitations. Here is a complete list again:
Stop level in points
A zero value of
MODE_STOPLEVEL means either absence of any restrictions on the minimal
distance for Stop Loss/Take Profit or the fact that a trade server
utilizes some external mechanisms for dynamic level control, which
cannot be translated in the client terminal. In the second case,
GetLastError() can return error 130, because MODE_STOPLEVEL is actually