Consider The Spread Before Buying An EA!!! - page 4

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whroeder1:
  1. The spread is the difference between the Ask and the Bid. You buy at the Ask, sell at the Bid. So for a buy order you pay the spread on open. For a sell order you pay the spread when you close.

An interesting contention and I understand how you have reached it.

However, as I wrote before, I don't like the analogy of "paying" the spread.

You would forgive someone from taking away from that statement an idea that spread is wholly irrelevant when opening a sell order, because they will be "paying" the spread when the order is closed.

 
whroeder1:
  1. The spread is the difference between the Ask and the Bid. You buy at the Ask, sell at the Bid. So for a buy order you pay the spread on open. For a sell order you pay the spread when you close.
  2. That is why, for a buy, your TP should be relative to the Ask (includes the spread) and your SL relative to the Bid (spread already paid.)

You don't pay anything, I agree with Honest Knave. BUY or SELL, when you open a trade you are in loss. 

About your point 2, you could, for a BUY, set your TP relative to the Ask if you want, but you should not. 

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