BID and ASK for SL and TP
Purely technical question:
Lets say i'm going long and set SL and TP at 50 pips both
As I understand SL will be activated only when the BID price reaches SL level and TP when the ASK price reaches TP level right?
Now, if I want to put my SL at 50 pips and the spread is 3 pips then the price should move only 47 pips down for the SL to be activated, right? And for the TP put at 50 pips to be activated the price have to move 53 pips up
Please correct me if i'm wrong
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