Setting SL and Tp's

[King Cooper]

Are there some set of rules for setting stop loss and take profits in mt4?

For example I've set my sl and tp 10 and 15 pips respectively and I keep getting the message incorrect tp and sl.

I can set them after placing a market order but that kind of defeats the purpose.

Another thing that popped up was the "cancellation reason: STOP_LOSS_ON_FILL_LOSS"

Now if I trade via my brokers web portal I have no issues with setting TP and SL.

[Mehmet Bastem]

King Cooper:

Are there some set of rules for setting stop loss and take profits in mt4?

For example I've set my sl and tp 10 and 15 pips respectively and I keep getting the message incorrect tp and sl.

I can set them after placing a market order but that kind of defeats the purpose.

Another thing that popped up was the "cancellation reason: STOP_LOSS_ON_FILL_LOSS"

Now if I trade via my brokers web portal I have no issues with setting TP and SL.

you can use values 100 and 150

[Keith Watford]

King Cooper:

For example I've set my sl and tp 10 and 15 pips respectively and I keep getting the message incorrect tp and sl.

SL and TP are not set as pips, they are set as prices.

If you are opening a buy at 1.0000 a TP of 15.0000 may be allowed, but a SL of 10.0000 will not be as it is higher than the entry price.