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December 7, 2017

Question:My orders gets executed at a different price than the ones shown on MT4 charts. Why is that?

Answer:

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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:

  1. Right click anywhere on the chart and select ‘Properties’.
  2. Go to the ‘Common’ tab and select the ‘Show Ask Line’ option.
  3. Click ‘OK’ to apply.

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