Stop loss issue in MQL5
Karim Haddadi:
You buy at the Ask and sell at the Bid.
So for buy orders you pay the spread on open. For sell orders you pay the spread on close.
request.tp=Ask+100*_Point;
request.sl=Bid-100*_Point;
- Your buy order's TP/SL (or Sell Stop's/Sell Limit's entry) are triggered when the Bid reaches it. Not the Ask. Your SL is shorter by the spread and your TP is longer. Don't you want the same/specified amount for either direction?
- Your sell order's TP/SL (or Buy Stop's/Buy Limit's entry) will be triggered when the Ask reaches it. To
trigger at a specific
Bid price, add the average spread.
MODE_SPREAD (Paul) - MQL4 programming forum - Page 3 #25 - The charts show Bid prices only. Turn on the Ask line to see how big the spread is (Tools → Options (Control-O) → charts → Show ask line.)
Karim Haddadi:
Do not double post.
I have deleted your duplicate post.
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Hi,
I am using the below code for TP and SL.
I don't know why my stop loss is more than 100 pips but my take profit all the times are 100 pips like my code.
Do you have any ideas why my SL not calumniating correctly?
The below code is for Buy order:
request.tp=Ask+100*_Point;
request.sl=Bid-100*_Point;