Trade opened 900 pips above actual price

New comment
 

I used an EA, whch at 3om today opened a trade 900 pips above the 5pm price. As you can see the open price hasnt even been hit for the past day or so.

MY EA has no slippage so it cant be that. Im thinking it might have somehting to do with the EA executing so early that it didnt register the price/used a previous price but I am clutching at straws.


What happened here?

 
Trading Si:

I used an EA, whch at 3om today opened a trade 900 pips above the 5pm price. As you can see the open price hasnt even been hit for the past day or so.

MY EA has no slippage so it cant be that. Im thinking it might have somehting to do with the EA executing so early that it didnt register the price/used a previous price but I am clutching at straws.


What happened here?

Spread at volatile point,   Out of market broker trade. Etc.  not enough info to comment further 
 

Hi

This was a buy trade probably so it was opened by Ask price and charts are displayed by Bid prices (mostly), so if spread was high the trade might have been opened above the price chart.

Also, it might be some issue with displaying the arrows- so check what was the real price of this trade.

Have a nice weekend

 
Paul Anscombe #:
Spread at volatile point,   Out of market broker trade. Etc.  not enough info to comment further 
What is about of market broker trade?
 

  1. You buy at the Ask and sell at the Bid. Pending Buy Stop orders become market orders when hit by the Ask.

    1. Your buy order's TP/SL (or Sell Stop's/Sell Limit's entry) are triggered when the Bid / OrderClosePrice reaches it. Using 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 close 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 spreads widen considerably at end of day (5 PM ET) ± 30 minutes.
      My GBPJPY shows average spread = 26 points, average maximum spread = 134.
      My EURCHF shows average spread = 18 points, average maximum spread = 106.
      (your broker will be similar).
                Is it reasonable to have such a huge spreads (20 PIP spreads) in EURCHF? - General - MQL5 programming forum (2022)

  2. PIP, Point, or Tick size are all different in general.
              Ticks, PIPs or points in the GUI. Make up your mind. - MQL4 programming forum #1 (2014)
              Percentage in point - Wikipedia

New comment