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March 16, 2018
How to open Entry Limit/Entry Stop Orders?
To open Entry Limit/Entry Stop Orders Click Sell/Buy on the instrument of choice. To then open a pending order, tick the Advanced option, (located in the New Order window). If you have selected Buy, you will be allowed to plac...
January 24, 2018
Why should I place a Stop Loss (S/L) and Take Profit (T/P)?
Setting a Stop Loss protects you in case your open positions abruptly turn around and go against you. As markets tend to be volatile, it is recommended always to set a Stop Loss when you open a new position. Take Profit closes the ...
January 16, 2018
What are the differences between Stop Loss and Take Profit orders?
A Stop Loss Order is an order to close a losing trade automatically at a certain price in order to limit its loss. This type of order is one of the main risk management tools you can benefit from as a trader especially if you are not ...
January 10, 2018
How to use Take Profit/Stop Loss orders? How do they work?
Stop Loss is an order that limits losses if the price goes in an unprofitable direction. It automatically closes the position when the price reaches a certain price level. To protect the deposit from negative market fluctuations and ...
January 8, 2018
Why my Take Profit did not work, though the price on the chart reached the order level on the chart?
For example, you have opened a Sell position and set a Take Profit order. Please note, that as we sell a trading instrument, we open a Sell position at a Bid price (charts in the trading terminals are built according to the Bid price...
December 21, 2017
How to place Stop Loss & Take Profit orders on MT4 platform?
In the order window you can manually choose stop loss and/or take profit levels. If you want to use the current price you can click the Copy As buttons to fill out these fields. You can then change the prices to the stop loss and take...
December 11, 2017
How can I place/change a Stop Loss/Take Profit order?
Standard Account: You can set your Stop Loss/Take Profit in the new order window. ECN Account: You can set the Stop Loss/Take Profit after placing a new order by double clicking on the order or with a right click. Amend it by selectin...
December 7, 2017
My orders gets executed at a different price than the ones shown on MT4 charts. Why is that?
The prices displayed on the MT platform charts are the maximum Bid or High (top of the bar) and minimum Bid or Low (bottom of the bar). Ask price = Bid + Spread Minimum ask = Low + Spread Maximum ask = High + Spread On Buy ...
November 29, 2017
Why wasn’t my Take Profit not triggered, while the chart reached the price I had set?
Please note that Sell positions are closed with the Ask (Buy) price. The price the chart is showing is the Bid (Sell) price, which is lower than the Ask price. You need to add the spread to the price that you see in the chart in orde...
November 29, 2017
I have placed a take profit order and was triggered with loss. Why?
Please be aware that when Take Profit is set on a long position, it's placed above the prevailing market price. As a result, if you place a Take Profit order after you open a position when it is already making a loss, the take profit...
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