Order activated, but subsequently auto closed, even if price was higher than stop order

[JacquesN]

Good day all,

I am a new trader and have a question in respect of auto closing of a limit order, upon reaching a specific price. I placed and order on19 Feb (Sunday), for a long position to be activated when Copper ($5 Mini Contract) reaches a value of 9 900, which it did on 21 Feb at 12:44. The system however auto closed the activated order at 9850 on 22 Feb, even if the lowest price for the day was only at 9850.6. May I please request further clarity as to why this would've been auto closed. If it 

 

 

Thanking you in advance for your advice / guidance.

[AndaIG]

Hi @JacquesNel

Thanks for the query. 

Please note that a long position is closed using the bid price. The above chart is showing the mid i.e. the price without spread. You can change the price of the chart by right clicking on the chart. The lowest bid on the day was 9845.6. Please see attached screenshot. 

All the best, 

Anda

[JacquesN]

Thank you so much for the prompt response and clarification Anda. 

I assume in case of a short position then, one has to change the chart to "ask", to avoid a similar misinterpretation.

Have a good day.