Stop limit orders on MT5
well i think it depends on brokers trade policy.
i mean some thing enter-organizational.
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Hi All,
I am new to this forum, and i tried contacting support with regards to this but they said to post it on the forums, I dont know if any earlier threads that have talked about this issue, hence i am starting this new thread. I would like to know why is the stop limit order on MT5 different from the conventional stop limit orders that other brokerages like interactive brokers, TD ameritrade uses? For eg. a buy stop limit order, the limit price have to be higher the stop price which is in turn higher than the current price. However, in MT5 for buy stop limit orders, the limit price have to be LOWER than the stop price which is pretty odd. Hope to hear from anybody that knows about this. Thanks!
Best regards,
Damon