Gaps and limit/stop orders

Mishumo

Tham gia từ Apr 12, 2017 1bài viết

Oct 05, 2017 at 07:23

Tham gia từ Apr 12, 2017 1bài viết

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

Tham gia từ Feb 12, 2016 394bài viết

Oct 05, 2017 at 14:35

Tham gia từ Feb 12, 2016 394bài viết

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

Tham gia từ Aug 21, 2017 11bài viết

Oct 06, 2017 at 09:29

Tham gia từ Aug 21, 2017 11bài viết

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

compuforexpamm

Tham gia từ Aug 20, 2009 256bài viết

Oct 06, 2017 at 10:06

Tham gia từ Aug 20, 2009 256bài viết

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.

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BaldoN

Tham gia từ Feb 12, 2016 507bài viết

Oct 11, 2017 at 15:06

Tham gia từ Feb 12, 2016 507bài viết

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

EURUSD	1.13414	GBPUSD	1.33022	AUDUSD	0.64551
USDJPY	144.211	USDCAD	1.38045	USDCHF	0.82554

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