MetaTrader 4 platform open order unclear

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Paldopaldino
7
Paldopaldino  

I, newbie, have a questions regarding my open orders (in automatic mode). In a downtrend sell orders are placed (i.e sell 0.03). I have some open positions that I do not understand.

For example: my order type of trade sell, price 106.164, S/L 108.694, T/P 107.129

My question is: why is T/P (107.129) higher than my price (106.694)? Should it not be lower than 106.164?

Thanks for your explanation.

Keith Watford
Moderator
20336
Keith Watford  
Paldopaldino:

I, newbie, have a questions regarding my open orders (in automatic mode). In a downtrend sell orders are placed (i.e sell 0.03). I have some open positions that I do not understand.

For example: my order type of trade sell, price 106.164, S/L 108.694, T/P 107.129

My question is: why is T/P (107.129) higher than my price (106.694)? Should it not be lower than 106.164?

Thanks for your explanation.

What is "automatic mode"?

Do you mean that you have an EA running?

Was the SL placed at the same time as the trade was opened (doubtful).

Probably the SL was modified at some time when the price was higher than the modified SL level.

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