Pending order failed to triggered

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Hi,

I've read somewhere online that pending order is failed to triggered. Except for no margin or no equity, is there another reason when pending order isn't trigger?
 
Luandre Ezra:
Hi,

I've read somewhere online that pending order is failed to triggered. Except for no margin or no equity, is there another reason when pending order isn't trigger?

It depends.


If you are talking about a stop pending order, price could move very fast beyond your pending order and it could skip it depending on your order configuration, for example:

- Current price level is 99.900, so you set a stop pending order to buy if the price reaches "100.000 points", but there was some news and the price sky rocketed to "100.100" - during news, brokers can take a lot of seconds/minutes to trigger some orders. In this case, if your pending order has a maximum slippage set for 50 points, it will not be triggered because the current slippage is 100 points.


If you are talking abount limit pending order, there is another situation where your order could not be triggered, but this depends on what market you are trying to trade:

- Current price lecel is 99.900, so you set a limit pending order to buy if the price drops to 99.000. If the price goes below 99.000, it will be triggered even if it takes some seconds/minutes, because the price is better than what you set on your order. If the price reaches exactly 99.000 and turns back, it may not be triggered depending on liquidity. You order is on the book at 99.000, but there may be several hundred or thousands of orders on that same level before you. This usually happens on index or metals, on forex I've never seen it happen.


Of course there may be some other problems with your platform, brokers, etc. But what I described above is what could happen if everything else is working correctly.

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