Jump to content
  • 0

Why didn't it close when it broke through my limit price?

Question

Posted (edited)

I placed a short trade on AO World, with a limit (take profit) at 158.78. From this below picture it's clear that the price went below my limit, so why is the trade still open when it should have closed on or around (give or take a few points) 158.78? Instead, it's now flown up in the opposite direction and I'm likely to be stopped out at a much lower profit point.

What's the point of setting a limit if it's not going to be honoured?

image.thumb.png.c22903f931d6fd6c56f03eb397955f0b.png

 

 

image.png

Edited by mswoo
double image in post by mistake

Share this post


Link to post

8 answers to this question

Recommended Posts

  • 0
Posted (edited)
1 hour ago, mswoo said:

I placed a short trade on AO World, with a limit (take profit) at 158.78. From this below picture it's clear that the price went below my limit, so why is the trade still open when it should have closed on or around (give or take a few points) 158.78? Instead, it's now flown up in the opposite direction and I'm likely to be stopped out at a much lower profit point.

What's the point of setting a limit if it's not going to be honoured?

image.thumb.png.c22903f931d6fd6c56f03eb397955f0b.png

 

 

image.png

Because it didn`t reach your limit .Lowest it went was 159.40

Your chart is on MId price not ask.Change it to Ask and you will see it did not touch your limit

Edited by mark27
  • Like 1

Share this post


Link to post
  • 0
37 minutes ago, mark27 said:

Because it didn`t reach your limit .Lowest it went was 159.40

Your chart is on MId price not ask.Change it to Ask and you will see it did not touch your limit

On my chart the lowest it went was 157.31 but still... You learn something new every day. Thanks!

On the one hand, it's gratifying to know that I've been winning trades even as a half-wit, on the other hand, there are trades like this that I lose out on because of being a half-wit.

How do I change the chart to mid price rather than ask?

Share this post


Link to post
  • 0
1 minute ago, mswoo said:

On my chart the lowest it went was 157.31 but still... You learn something new every day. Thanks!

On the one hand, it's gratifying to know that I've been winning trades even as a half-wit, on the other hand, there are trades like this that I lose out on because of being a half-wit.

How do I change the chart to mid price rather than ask?

Actually, I've found out how to change the chart. Turns out it was already on mid price, so I feel a little cheated now. I still made a little profit, but only because I had a trailing stop. 

Share this post


Link to post
  • 0
4 minutes ago, mswoo said:

On my chart the lowest it went was 157.31 but still... You learn something new every day. Thanks!

On the one hand, it's gratifying to know that I've been winning trades even as a half-wit, on the other hand, there are trades like this that I lose out on because of being a half-wit.

How do I change the chart to mid price rather than ask?

Right click on the chartt.Go down to price and the 3 options are there

Share this post


Link to post
  • 0
1 minute ago, mswoo said:

Actually, I've found out how to change the chart. Turns out it was already on mid price, so I feel a little cheated now. I still made a little profit, but only because I had a trailing stop. 

Its because it was on mid you thought it hit your limit

Share this post


Link to post
  • 0
1 hour ago, mark27 said:

Its because it was on mid you thought it hit your limit

 

Great work, genius.

Share this post


Link to post
  • 0
45 minutes ago, dmedin said:

 

Great work, genius.

Not as great as your work as forum retard Davey

Share this post


Link to post
  • -1
6 hours ago, mark27 said:

Not as great as your work as forum retard Davey

 

Let me guess, you don't have a lot of education, am I right?

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Answer this question...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Member Statistics

    • Total Topics
      11,997
    • Total Posts
      60,746
    • Total Members
      80,803
    Newest Member
    Simone
    Joined 15/08/20 14:15
  • Posts

    • Trialling Stops please, a must for the ISA!
    • Volume profile, depth of market, orderbook, VWAP, VPVR, VPSV... all the basic things needed which for some reason are disabled.. seems odd that you don't want your clients to see this information? Even FXCM, OANDA, Pepperstone, ICmarkets, FXPRO & many more not listed all allow you to see this and have access to this vital information. ProRealTime v11.. It's about 2 years overdue now... frustrating not only having out of date features but more so when trying to back test things as it's limited on v10.3 to a maximum of 100k units.. that means with every day passing, I lose a day's worth of data.. PRT v11 allows you to have 1m unit backtest.. Also.. Custom, multiple take profits.. allow me to set a desired amount, for example.. ** points or **% at 10 pips away from entry ** points or **% at 20 pips away from entry ** points or **% at 30 pips away from entry ** points or **% at 40 pips away from entry.. Have a look at cTrader.. they do a perfect example of this, in advanced take profit section.
    • Early identification of trend or range days using market/volume profile and candlestick charts.  A mentoring video from the prop firm Axia Futures. (20 min)  
×
×