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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 positions, your Stop Loss and Take Profit orders will be triggered when the Bid price reaches the order level.
On Sell positions your Stop Loss and Take Profit orders will be triggered when the Ask price reaches the order level.
Buy Limit and Buy Stop orders will be triggered when the Ask prices reach order level.
Sell Limit and Sell Stop orders will be triggered when the Bid prices reach order level.
Showing Ask Line on MT4 charts
You can display an ‘Ask Line’ in your charts by following the steps below:
- Right click anywhere on the chart and select ‘Properties’.
- Go to the ‘Common’ tab and select the ‘Show Ask Line’ option.
- Click ‘OK’ to apply.