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IG MT4 Limited Liability Account


Guest JonathanTang

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Guest JonathanTang

I have an MT4 program that is working perfectly alight until a person with a Limited Liability Account started using it.

I kept getting Invalid S/L or T/P when i send in an OrderDelete. The Stop Loss Price and Target Price are already set.

When I do a manual delete its perfectly alright.

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1 hour ago, JonathanTang said:

I have an MT4 program that is working perfectly alight until a person with a Limited Liability Account started using it.

I kept getting Invalid S/L or T/P when i send in an OrderDelete. The Stop Loss Price and Target Price are already set.

When I do a manual delete its perfectly alright.

Hi, Limited Liability account orders have a Guaranteed stop loss placed automatically.

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    • NIFTY 50(INDIA) Elliott Wave Analysis Trading Lounge Day Chart,       NIFTY 50(INDIA) Elliott Wave Technical Analysis FUNCTION: Trend    MODE:corrective STRUCTURE:blue wave 4 POSITION: black wave 3 DIRECTION NEXT HIGHER  DEGREES: blue wave 5                                       DETAILS:blue  wave 3 looking completed. Now blue wave 4 of 3 is in play or completed. Wave Cancel invalid level: 20282.0   The NIFTY 50 (India) Elliott Wave analysis on the daily chart provides a detailed overview of the market movements and the current phase within the Elliott Wave sequence. The primary function of this analysis is identified as a trend, indicating that the market is moving in a broader, long-term direction. The mode of the wave structure is classified as corrective, suggesting that the market is currently undergoing a retracement or consolidation within the larger trend.   The main structure identified in this analysis is blue wave 4, a significant phase in the Elliott Wave cycle that typically involves a corrective pattern following the impulsive movements of the previous waves. The current position within this structure is black wave 3, indicating that this phase is actively unfolding or nearing completion.   Looking ahead, the direction for the next higher degrees points towards blue wave 5. This projection is important as it anticipates a new impulsive phase following the corrective movements of blue wave 4. Blue wave 5 usually involves strong and decisive price actions, potentially leading to new market highs or lows.   Key details within this analysis highlight that blue wave 3 appears to be completed. This sets the stage for blue wave 4 of black wave 3 to either be in play or already completed. This phase often involves some retracement of the previous gains and is a natural part of the market's cyclical nature. An important aspect of this analysis is the wave cancel invalid level, set at a specific price point. If the market price moves beyond this level, it would invalidate the current wave count and require a reassessment of the wave structure. This invalidation level serves as a critical checkpoint for confirming the accuracy of the Elliott Wave pattern and the expected market behavior.   In summary, the NIFTY 50 index is currently in a corrective phase within blue wave 4 on the daily chart, following the completion of blue wave 3. The market is either in the process of completing blue wave 4 or has already done so, setting the stage for the next impulsive phase, blue wave 5. Monitoring the invalidation level is crucial for validating the current wave structure and future market projections.     NIFTY 50(INDIA) Elliott Wave Analysis Trading Lounge Weekly Chart, NIFTY 50(INDIA) Elliott Wave Technical Analysis FUNCTION: Trend MODE:corrective STRUCTURE:blue wave 4 POSITION: black wave 3 DIRECTION NEXT HIGHER  DEGREES: blue wave 5 DETAILS:blue  wave 3 looking completed. Now blue wave 4 of 3 is in play or completed. Wave Cancel invalid level: 20282.0                                 The NIFTY 50 (India) Elliott Wave analysis on the weekly chart provides an in-depth look at the market's current phase within the Elliott Wave sequence. The analysis identifies the primary function as a trend, indicating a broader, long-term market direction. The wave mode is classified as corrective, suggesting that the market is experiencing a retracement or consolidation within this larger trend.   The main structure highlighted in this analysis is blue wave 4, a crucial phase in the Elliott Wave cycle. This phase typically involves corrective patterns following the impulsive movements of the preceding waves. The current position within this structure is black wave 3, indicating that this phase is actively unfolding or nearing its end.   Looking forward, the direction for the next higher degrees points towards blue wave 5. This projection is significant as it anticipates a new impulsive phase following the corrective actions of blue wave 4. Blue wave 5 usually involves robust and decisive price movements, potentially leading to new market highs or lows.   Key details of the analysis reveal that blue wave 3 appears to be completed. This sets the stage for blue wave 4 of black wave 3 to either be in progress or already completed. This phase typically involves some retracement of the previous gains, reflecting the market's natural cyclical nature.   An essential aspect of this analysis is the wave cancel invalid level, set at a specific price point. If the market price moves beyond this level, it would invalidate the current wave count, necessitating a reassessment of the wave structure. This invalidation level acts as a critical checkpoint for confirming the accuracy of the Elliott Wave pattern and expected market behavior.   In summary, the NIFTY 50 index is currently in a corrective phase within blue wave 4 on the weekly chart, following the completion of blue wave 3. The market is either in the process of completing blue wave 4 or has already done so, preparing for the next impulsive phase, blue wave 5. Monitoring the invalidation level is crucial for validating the current wave structure and future market projections.   Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!  
    • USDCAD Elliott Wave Analysis Trading Lounge Day Chart, U.S.Dollar /Canadian Dollar (USD/CAD) Day Chart USD/CAD Elliott Wave Technical Analysis   FUNCTION:  Counter Trend MODE: impulsive                                               STRUCTURE:red wave 3 POSITION:blue wave C DIRECTION NEXT HIGHER DEGREES:red wave 4 DETAILS red wave 2 of C completed at 1.37634, now red wave 3 is in play. Wave Cancel invalid level:1.37634   The USD/CAD Elliott Wave analysis on the daily chart offers an insightful perspective on the current market movements for this currency pair. The primary function of this analysis is identified as a counter trend, indicating that the present movements are contrary to the larger prevailing trend. The mode of the wave structure is classified as impulsive, which points to strong and decisive price actions that characterize this phase of the market.   The primary structure identified within this analysis is red wave 3, a crucial segment in the Elliott Wave sequence that typically involves significant and sustained price movements. Within this structure, the current position is blue wave C, indicating that this part of the cycle is actively unfolding.   Looking ahead, the direction for the next higher degrees points towards red wave 4. This projection is significant as it anticipates a corrective phase following the impulsive movements of red wave 3. Red wave 4 usually involves some retracement of the previous gains, which is an essential aspect of the market's natural ebb and flow.   Key details within this analysis highlight that red wave 2 of the current wave C structure has been completed at a specific level. This completion sets the stage for red wave 3 to be in play now, marking a particularly dynamic phase in the Elliott Wave cycle. This phase often represents powerful and strong market movements, either upward or downward.   An important aspect of this analysis is the wave cancel invalid level, set at a specific price point. If the market price moves beyond this level, it would invalidate the current wave count and necessitate a reassessment of the wave structure. This invalidation level serves as a crucial checkpoint for confirming the accuracy of the Elliott Wave pattern and the expected market behavior.   In summary, the USD/CAD pair is currently experiencing an impulsive counter-trend phase within red wave 3 on the daily chart. With red wave 2 of C completed, the market is now in the dynamic phase of red wave 3. Expectations point towards transitioning to red wave 4 next. Monitoring the invalidation level is essential for validating the current wave structure and future market projections.     USDCAD Elliott Wave Analysis Trading Lounge 4 Hour Chart,       U.S.Dollar /Canadian Dollar (USD/CAD) 4 Hour Chart       USD/CAD Elliott Wave Technical Analysis   FUNCTION:  Counter Trend MODE: impulsive   STRUCTURE:black wave 3 POSITION:red wave 3 DIRECTION NEXT HIGHER DEGREES:black wave 4 DETAILS black wave 2 of 3 completed at 1.36781, now black wave 3 of red wave 3 is in play. Wave Cancel invalid level:1.37634   The USD/CAD Elliott Wave analysis on the 4-hour chart provides a detailed view of the current market dynamics for the currency pair. The function of this analysis is identified as a counter trend, indicating movements that go against the prevailing larger trend. The mode of the current wave structure is described as impulsive, suggesting strong, decisive price movements.   The primary wave structure identified is black wave 3, which is a critical phase in the Elliott Wave sequence, typically involving significant price movements. Within this structure, the current position is red wave 3, indicating an active phase where substantial price shifts are expected.   In terms of direction for the next higher degrees, the analysis projects a transition into black wave 4 after the completion of the current wave. This projection is crucial as it anticipates a corrective phase following the impulsive movements of black wave 3, which usually involves some retracement of the previous gains.   Key details of the analysis highlight that black wave 2 of the current sequence has been completed at a specific level, setting the stage for black wave 3 of red wave 3 to be in play now. This phase is particularly significant as it often represents one of the most powerful and dynamic parts of the Elliott Wave cycle, involving strong upward or downward movements.   The wave cancel invalid level is an important aspect of this analysis, set at a specific price point. If the market price moves beyond this level, it would invalidate the current wave count and necessitate a re-evaluation of the wave structure. This level acts as a critical checkpoint to confirm the accuracy of the Elliott Wave pattern and the expected market behavior.   In summary, the USD/CAD pair is currently in an impulsive counter-trend phase within black wave 3 of red wave 3 on the 4-hour chart. With black wave 2 completed, the market is experiencing the dynamic phase of black wave 3, with expectations of transitioning to black wave 4 next. Monitoring the invalidation level is essential for validating the current wave structure and future market projections.   Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!  
    • ASX: V300AEQ ETF UNITS – VAS Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)   Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with V300AEQ ETF UNITS – VAS. We confirmed that wave 2-red has ended and wave 3-red is opening to push higher.   ASX: V300AEQ ETF UNITS – VAS Elliott Wave Technical Analysis   ASX: V300AEQ ETF UNITS – VAS 1D Chart (Semilog Scale) Analysis Function: Major trend (Minor degree, red) Mode: Motive Structure: Impulse Position: Wave ((i))-green of Wave 3-red Details: The short-term outlook suggests that wave ((i))-green is unfolding and continues to push higher, while the price must maintain above 96.25. A drop below this level would indicate that wave ((ii))-green is unfolding. Invalidation point: 83.45   ASX: V300AEQ ETF UNITS – VAS Elliott Wave Technical Analysis TradingLounge (4-Hour Chart) ASX: V300AEQ ETF UNITS – VAS Elliott Wave Technical Analysis ASX: V300AEQ ETF UNITS – VAS 4-Hour Chart Analysis Function: Major trend (Minute degree, green) Mode: Motive Structure: Impulse Position: Wave (v)-purple of Wave ((iii))-green Details: The even shorter-term outlook suggests that wave 3-red is unfolding, and wave (v)-purple appears to be nearing completion, coinciding with the completion of wave ((i))-green. Essentially, the trend will likely continue to push higher, while the price must remain above 96.24. A drop below this level indicates that wave ((ii))-green is unfolding to push lower, followed by wave ((iii))-green ready to push higher again. Invalidation point: 92.93   Conclusion:   Our analysis, forecast of contextual trends, and short-term outlook for ASX: V300AEQ ETF UNITS – VAS aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends.   Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation) Source : Tradinglounge.com get trial here!  
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