The spread.
Kennairn52:
9 pip SL. You buy at the Ask and sell at the Bid. - My Entry was at 133.579
- My stop loss was 133.669
The closest candle on retracement was 133.609
- 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?
- 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 - 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.
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I need help.
On Sunday June 1 at 10:35pm est
I went short on GBP/JPY as follows:
The closest candle on retracement was 133.609
However My stop loss was still hit.
Can someone explain to me why?
I anxiously await an answer..
Confused