I set SL at entry Point and I lost 40pips.
is this Mt5 problem or Something else I'm missing
Safiullah mera:
I set SL at entry Point and I lost 40pips.
I set SL at entry Point and I lost 40pips.
is this Mt5 problem or Something else I'm missing
40 pips or 40 points? 1 pip = 10 points.
If it was 40 points (4 pips), everything is fine. The cause was slippage.
Safiullah mera #: 40 pips
There could be a gap in the price for example during the closing/opening of the weekend or even in the intraday when the asset makes a technical stop until it reconnects to the companies that provide liquidity to the broker.
In any case an SL/TP is not a guarantee that the trade will close at that price. It is executed when it is reached or crossed (whichever comes first).
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