SL Triggered???

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Demo Account.

I had just opened a short position on EUR/NZD. for .25 in volume. I have over $4,000 in Free Margin.

I set my SL/TP. about 3 minutes after I open the position my SL is triggered. Price wasn't even close to my SL.

Please see attached image, last trade on the chart.

Files:
EURNZDM15.png  45 kb
 
topfuel29: Price wasn't even close to my SL.

Yes it was.

  1. You buy at the Ask and sell at the Bid.

    1. Your buy order's TP/SL (or Sell Stop's/Sell Limit's entry) are triggered when the Bid / OrderClosePrice reaches it. Using the Ask±n, makes your SL shorter and your TP longer, by the spread. Don't you want the specified amount used in either direction?

    2. Your sell order's TP/SL (or Buy Stop's/Buy Limit's entry) will be triggered when the Ask / OrderClosePrice reaches it. To trigger at a specific Bid price, add the average spread.
                MODE_SPREAD (Paul) - MQL4 programming forum - Page 3 #25

    3. 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.)
      Most brokers with variable spread widen considerably at end of day (5 PM ET) ± 30 minutes. My GBPJPY (OANDA) shows average spread = 26 points, but average maximum spread = 134.


  2. Most brokers with variable spread widen considerably at end of day (5 PM ET) ± 30 minutes. My GBPJPY (OANDA) shows average spread = 26 points, but average maximum spread = 134. 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.

 
William Roeder:

Yes it was.

You buy at the Ask and sell at the Bid.

  1. Your buy order's TP/SL (or Sell Stop's/Sell Limit's entry) are triggered when the Bid / OrderClosePrice reaches it. Using the Ask±n, makes your SL shorter and your TP longer, by the spread. Don't you want the specified amount used in either direction?

  2. Your sell order's TP/SL (or Buy Stop's/Buy Limit's entry) will be triggered when the Ask / OrderClosePrice reaches it. To trigger at a specific Bid price, add the average spread.
              MODE_SPREAD (Paul) - MQL4 programming forum - Page 3 #25

  3. 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.)
    Most brokers with variable spread widen considerably at end of day (5 PM ET) ± 30 minutes. My GBPJPY (OANDA) shows average spread = 26 points, but average maximum spread = 134.

Thank You for clearing that up. I'm just staring off trading. I'll make sure to save the information you've given me.

It was right after 5pm est. I'm never going to forget that. Thank You

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