Gaps and limit/stop orders

Mishumo

Apr 12, 2017からメンバー 1 投稿

Oct 05, 2017 at 07:23

Apr 12, 2017からメンバー 1 投稿

Let's say I set a limit or stop order at a certain price - and there is a gap that overlaps the price - does the trade activate?

mishumo@

TiffanyK

Feb 12, 2016からメンバー 394 投稿

Oct 05, 2017 at 14:35

Feb 12, 2016からメンバー 394 投稿

Yes. Your trade will be activated because the open price AFTER the gap will already overlap your limit. Doesn't matter that the price went up/down because of a gap.

Accept the loss as experience

PinUpGal

Aug 21, 2017からメンバー 11 投稿

Oct 06, 2017 at 09:29

Aug 21, 2017からメンバー 11 投稿

You write a simple piece of code will prevent that on MT4

compuforexpamm

Aug 20, 2009からメンバー 256 投稿

Oct 06, 2017 at 10:06

Aug 20, 2009からメンバー 256 投稿

Actually, don't count on it for a limit order. Stop order, no question......along with consequent slippage.

The price you see on a chart is the Bid price, so if you have a buy limit order(pending order at below market price), you may have the bid price open up with a gap well below your target price......typically gaps are caused by poor weekend liquidity(which also causes big spreads) and there is a chance that the Ask price(which is the price your order needs for a buy) may still be above your order price.

Wealth Creation Through Technology

BaldoN

Feb 12, 2016からメンバー 507 投稿

Oct 11, 2017 at 15:06

Feb 12, 2016からメンバー 507 投稿

It should be on the first available market price. In some brokers MM you may see nice execution in the gap :)

EURUSD	1.1289	GBPUSD	1.3282	AUDUSD	0.63874
USDJPY	145.591	USDCAD	1.38413	USDCHF	0.83059

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