![]() ![]() As spread is dynamic and can increase during news events or volatile market hours, we recommend your take profit and stop loss to always be set at a range farther away than the maximum spread for any instrument. A valid take profit and stop loss must be placed farther away than the current spread on the financial instrument that you are trading. ![]() ![]() The third reason your order likely did not trigger is because your take profit or stop loss was set too close to your order price. Take profit or stop loss was set too close to your order price If you are trying to place an entry order, our platform will not stop you from placing the order if you do not have the current margin (available funds) necessary but the order will fail to execute if you have not increased the available funds on your account when the pre-specified entry price is reached.ģ. If you are placing a market order, our platform will tell you right away if you do not have sufficient margin (available funds) to place the trade. On your trade ticket (new order window), you can type in the size of the trade you wish to open in order to see the margin needed to open that trade. To see the historical ‘low/high’, ‘ask/bid’, you will need to go to the OANDA trading platform and follow the steps mentioned above. Note: the MT4 platform only shows the ‘bid’ price. This will show you the price that triggers a trade. There you will be able to select either the high or low, ‘bid’ or ‘ask’ price overlay. To verify the actual traded prices, you can add a ‘bid’ or ‘ask’ price overlay to the chart on our trading platform by clicking on ‘Add Study’ at the lower left of the chart and selecting the 'Price Overlay'. ![]() A short (sell) trade will open at the ‘bid’ and close at the ‘ask’ price. The spread is the difference between the actual buy and sell price of a financial product at any given time.Ī long (buy) trade will open at the ‘ask’ and close at the ‘bid’ price. Many of the charts on our trading platform use the average price, meaning an average between the ‘bid’ and ‘ask’ prices, so they don’t take into consideration the spread. Depending on your chart settings, the chart you are viewing may not be showing the type of price applicable to your trade. The most likely reason why your trade did not execute is because the applicable market price has not reached the price you specified. Below are the three most common reasons why your trade was not successful:ġ.‘Bid’ or ‘ask’ price did not reach your specified target ![]()
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May 2023
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