Sell Stop help

Hi,

I am new to forex and I am demo at the moment. I am having some trouble doing sell stop order on MT4. So currently EURCAD price was at 1.47480 and I wanted to a sell stop so when it reaches 1.47520 my sell order is exectuted. But when I do this on MT4 app nothing happens, the place button is greyed out? Any idea why?
Sorry if this has been asked before, I am a newbie!

Thanks

Hi Timo!

Sell stop orders should be placed below the current market price, in the example that you gave it won’t let you place it because it is supposed to be a sell limit order (above the current market price).

I hope this is clear enough :wink:

Take a trip to the free school here before trading further

very clear. thanks… I was under the impression the buy and sell limits and stops were the same