- www.metatrader5.com
- Question about slippage affecting TP or SL
- [Archive!] Any rookie question, so as not to clutter up the forum. Professionals, don't pass it by. Couldn't go anywhere without you - 2.
- How to enter the trade at a SPECIFIC price when uncertain if limit or stop order should be used?
Today, I got a strange problem. I had a buy-stop order. It shouldn't be triggered as a trade because the daily high did not hit the buy price. How come it was triggered. I have a feeling that the broker server may have fluctuate or spike to to trigger the order to a trade, but not showing on the graph. I raised this to my brokerage, but they asked me to fill in a form (kind of dispute, still waiting). Is this normal? If this happens, then it has huge impact to the algorithms if we try to automate the trading. thanks
Buy orders open (or are triggered) at the Ask price (not the bid price). Charts are shown with bid prices (sometimes with last prices depending on type of symbol).
In other words, due to spread, then it can trigger an order even if chart does not show that.
Is this normal? Yes, it is quite normal and very frequent.
So pay attention and learn the following:
- Buy orders open at Ask price and close (S/L, T/P, etc.) at Bid price.
- Sell orders open at Bid price and close (S/L, T/P, etc.) at Ask price.
Buy orders open (or are triggered) at the Ask price (not the bid price). Charts are shown with bid prices (sometimes with last prices depending on type of symbol).
In other words, due to spread, then it can trigger an order even if chart does not show that.
Is this normal? Yes, it is quite normal and very frequent.
So pay attention and learn the following:
- Buy orders open at Ask price and close (S/L, T/P, etc.) at Bid price.
- Sell orders open at Bid price and close (S/L, T/P, etc.) at Ask price.
Thanks Fernando.
I do understand the concept of bid and ask price. I didn't know all chart is actually showing Bid price. Thanks for confirming this. that explains why. I suspected it, but cannot be for sure.
you are legend. thanks
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
You agree to website policy and terms of use