Hi Arvin , many thanks for your reply on the issues i'm having getting my limit/exit point correct . The deal ticket seems to be accepting my entry point , stop loss okay but when i indicate on the ticket my exit point i get the message come saying ' Limit level is too far from the current market price ' . I have just finished studying John Pipers spread betting course and in it he says that your exit point should always be 2 points before the previous days close , but when i do this it gets rejected , i must be doing something wrong .
This morning for example yesterdays close was 15511 , the open this morning was 15574 so that's a good 63 point gap . So as it's an up gap i was looking for trading down , the close didn't however move downwards so no trade as per John Pipers rules . If the first five minute bar had closed in a downward direction i would of put my entry point 2 points below the low of the first five minute bar and my exit 2 points before the previous days close 15513 , do you agree with those calculations ?
Look forward to hearing from you ,
Regards , Steve
Regards , Steve