Broker StopLevel set to 0.00000, yet Stoploss/Takeprofit of just 20 pt. gives error 130

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I'm on a 5 digit broker. Using Strategy Tester!

This code,

Alert("Stop Level: ", DoubleToStr(MarketInfo(Symbol(), MODE_STOPLEVEL),5));

returns 0.00000

However, this code:

            Print("Attempting to open BUY order...");
            ticket=OrderSend(Symbol(),OP_BUY,0.1,Ask,1,Ask-20*Point,Ask+(Ask-Bid)+20*Point,"BUY ORDER",12345,0,Green);
            if(ticket<0)
              {
               Print("Open BUY order failed with error #",GetLastError());
               Alert("Open BUY order failed with error #",GetLastError());
               return(0);
              }
            Print("BUY order opened successfully! (Ticket# ",ticket,")");

generates error 130, i.e. "Invalid Stops".

So I don't get it... If broker Stop Level is set to 0, there should be no restrictions! How come StopLoss/TakeProfit of 20 pts. generates error 130?!

Thanks!

nanquan

 

Your Broker is 5 digit, so Stoploss must be >50 Point from Ask.

"Ask-20*Point" will Invalid Stops.

 
rockyhoangdn:

Your Broker is 5 digit, so Stoploss must be >50 Point from Ask.

"Ask-20*Point" will Invalid Stops.

I don't understand your explanation. What does the number of digits after the decimal point have to do with stoploss?!

I thought 

MarketInfo(Symbol(), MODE_STOPLEVEL)

determines the stop level restrictions...

So if equals to 0.00000, then there are no restrictions. You should even be able to put in 1 pt. as stop level...

 

Okay, I figured it out myself!

Since order BUY is closed by Bid, then StopLoss has to be below Bid level, meaning below the level of the spread.

On my broker the average spread is 2.8 pips, so when I put in StopLoss of 20 pts. from Ask price (i.e. only 2 pips), it was below the value of the spread, and thus invalid.

@rockyhoangdn - I still have no idea what you were talking about, but thanks for trying!

nanquan

  
OrderSend(Symbol(),OP_BUY,0.1,Ask,1,Ask-(Ask-Bid)-20*Point,Ask+20*Point,"BUY ORDER",12345,0,Green);

Try it this way

You use Ask + Spread

The right one is Ask - Spread = Bid

 
  1. You BUY at the ASK, SELL at the bid, so your stops must be relative to the BID and outside the current value by stopLevel
  2. On ECN brokers you must open first and THEN set stops.
  3. On 5 digit brokers you must adjust TP, SL, AND slippage
//++++ These are adjusted for 5 digit brokers.
int     pips2points;    // slippage  3 pips    3=points    30=points
double  pips2dbl;       // Stoploss 15 pips    0.015      0.0150
int     Digits.pips;    // DoubleToStr(dbl/pips2dbl, Digits.pips)
int     init(){                                                 OptParameters();
     if (Digits % 2 == 1){      // DE30=1/JPY=3/EURUSD=5 forum.mql4.com/43064#515262
                pips2dbl    = Point*10; pips2points = 10;   Digits.pips = 1;
    } else {    pips2dbl    = Point;    pips2points =  1;   Digits.pips = 0; }
    // OrderSend(... Slippage.Pips * pips2points, Bid - StopLossPips * pips2dbl
//---- These are adjusted for 5 digit brokers.
    /* On ECN brokers you must open first and THEN set stops
    int ticket = OrderSend(..., 0,0,...)
    if (ticket < 0)
       Alert("OrderSend failed: ", GetLastError());
    else if (!OrderSelect(ticket, SELECT_BY_TICKET))
       Alert("OrderSelect failed: ", GetLastError());
    else if (!OrderModify(OrderTicket(), OrderOpenPrice(), SL, TP, 0)
       Alert("OrderModify failed: ", GetLastError());
     */
 

Guys, like I said, I already figured this out! :)

But thank you for your input!

nanquan

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