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Please explain why my limit didn't trigger


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Hi,

See attached screenshot. I opened a BUY position on the GBP/EUR market, £0.5/pt. The stop was set to the minimum of 8pts away. The limit was set to 1pt away.

Opening: 11625.2

Limit: 11626.2

The price rose to almost 11627 but my limit wasn't activated and the position did not close.

The spread was stable at 3 for the duration of the open position.

Thanks,

Russ

Screenshot chart.png

Screenshot open positions.png

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14 minutes ago, Russ said:

Hi,

See attached screenshot. I opened a BUY position on the GBP/EUR market, £0.5/pt. The stop was set to the minimum of 8pts away. The limit was set to 1pt away.

Opening: 11625.2

Limit: 11626.2

The price rose to almost 11627 but my limit wasn't activated and the position did not close.

The spread was stable at 3 for the duration of the open position.

Thanks,

Russ

Screenshot chart.png

Screenshot open positions.png

Hi @Russ

As you hold a long position, you need to look at the bid/sell price on the chart. Do this by right clicking on the chart >>> price >>> bid. You are currently looking at the mid price as shown in your screenshot. 
The reason the limit level has not triggered is due to the bid price not trading at your limit level. When you are long on a trade, the trade is closed by selling the position and vice versa.  All the best, OfentseIG
 

image.png

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