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Why was the SL triggered on my sell order when the price didn't seem to reach the level?

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Question
Why was the SL triggered on my sell order when the price didn't seem to reach the level?

Answer

This is a very common question and 9 times out of 10, this is the reason why traders make this mistake:

All sell orders are opened at the BID price and closed at the ASK price. Normally when a trader raises this dispute with us, it is because they are looking at the BID price in MetaTrader, which by default is only shown in MetaTrader. 

To overcome this problem you can simply add the ASK line to your terminal by:

Right-clicking in the chart area, select properties, go to the common tab and tick the 'Show ask line' box. Or more simply,  press the hotkey ctrl+O to open a box, go to the charts tab and check the box "Show ask line". Another option is to hit F8, go to the common tab and select 'Show ask line'


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Article Details
Views: 656 Created on: Apr 21, 2017
Date updated: Apr 21, 2017

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