Jump to content
  • 0
Sign in to follow this  

when does profit starts on a position

Question

Hi i m new to plateform just got a quastion

when i open a position and place stop loss and limits to it

while having loss when it goes near stop loss, position is closed before it even hits the stop loss level

and on other hand when having profit when it goes near limit level not only it touches it  even it goes few points ahead of it and position is still not closed and limit is not triggard and price moves back towards loss level,can someone explain whats that is that spread or slippage?

Share this post


Link to post

1 answer to this question

Recommended Posts

  • 0

There is bid price and ask price. When you buy, you buy at the higher (ask) price when you close that position, you sell it at the lower (bid) price. 

The default line you see on platform is the average of these 2 lines. Which is why it actually have to go slightly lower than this line for your Take Profit to trigger. While your stop loss got triggered before that line even touches

  • Thanks 1

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.

Sign in to follow this  

×
×