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!
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).