InvestOneForex: why i don't lose 10 instead 7,75
BID / ASK price : 1,18874 / 1,18905 StopLoss = 30pips => 1,18605
1.18874 - 0.00300 = 1.18574
You buy at the Ask and sell at the Bid. Pending Buy Stop orders become market orders when hit and open at the Ask.
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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?
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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 to 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 spreads widen considerably at end of day (5 PM ET) ± 30 minutes. My GBPJPY shows average spread = 26 points, but average maximum spread = 134 (your broker will be similar).
1.18874 - 0.00300 = 1.18574
You buy at the Ask and sell at the Bid. Pending Buy Stop orders become market orders when hit and open at the Ask.
-
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?
-
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 to 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 spreads widen considerably at end of day (5 PM ET) ± 30 minutes. My GBPJPY shows average spread = 26 points, but average maximum spread = 134 (your broker will be similar).
Thank you for your reply,
if i buy at ASK, i need to take 1,18905 as reference ?
minus my SL
StopLoss = 30pips => 1,18605 isn't it ?
why 1.18874 - 0.00300 = 1.18574 ?
when i buy the ASK, the spread is included ( 1,18874 + spread = 1,1890 ) so, not need to add.
Also, my spread needs to be included in my risk(10€) so it is 30 pips, incluing the spread
Can you give me an exemple, buying/selling a position, when the spread is calculated (because it is not the same calculation; in sell, spread must be added).
Do you know why i have -7,75 of profit ? ... my stoploss is 30 so, my risk is 10€. If ST reached, profit => -10 normally
Thank you very much
Thank you for your reply,
if i buy at ASK, i need to take 1,18905 as reference ?
minus my SL
StopLoss = 30pips => 1,18605 isn't it ?
why 1.18874 - 0.00300 = 1.18574 ?
when i buy the ASK, the spread is included ( 1,18874 + spread = 1,1890 ) so, not need to add.
Also, my spread needs to be included in my risk(10€) so it is 30 pips, incluing the spread
Can you give me an exemple, buying/selling a position, when the spread is calculated (because it is not the same calculation; in sell, spread must be added).
Do you know why i have -7,75 of profit ? ... my stoploss is 30 so, my risk is 10€. If ST reached, profit => -10 normally
Thank you very much
I had an another exemple and the profit is not the good one.
my balance 1000€
account in EUR
leverage 100
Risk : 5% => 50€
for a BUY trade :
EUR/USD - BID / ASK price : 1,18401 / 1,18410
spread (0,9)
StopLoss = 30pips => 1,18110
With calculation, for 30 pips and 50€ of risk , i need :
0,20 lots (Volume)With calculation, I cannot try how MT4 found -51,89 for &profit
and why is it not -50 or less, instead of -51,89 whereas i setted a max SL at 30pips = 50€ (and the spread is included when i BUY)
Do you know the calculation about &profit ?
If anybody can explain me how i can find this value with my values ?
Thank you very much
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Hi,
I try to understand why i haven't the right &Profit amount on terminal vs my calculation.
Please see my
my balance 1000€
account in EUR
leverage 100
Risk : 1% => 10€
for a BUY trade :
BID / ASK price : 1,18874 / 1,18905
spread (3,1)
StopLoss = 30pips => 1,18605
With calculation, for 30 pips and 10€ of risk , i need :
3963,5 UNITES
0,039635 Volume
price of pip is 0,333€
So with this calculation, normaly i risk 10€, so if the SL is touched i lost 10€ ( spread is already included in this BUY position )
Please the the terminal, i do not lost 10€ but MT4 shows me &PROFIT at -7,75 (in euros ? i suppose, coz account is eur)
Could you please explain me why i don't lose 10 instead 7,75. How is calculated is -7,75 .. What does it mean & before the profit .. is it "Profits/Losses" ?
Also, why i don't see the swap column in my terminal ? (the reason is not the swap or commission cause normaly i do lost 10€ or more, not only 7,75 !
An another question; when the ST is touched. Is this the BID or ASK price we need to consider ? The profit/losses is calculated with the Bid/ask price at the moment of taking trade (so ASK), or at the cloture (Bid or ask ?)
Thank you for you help