Pleas what should I do to place pending trade? I always get invalid parrameters any time I try to place a sell limit or any pending trade.
It is because you have invalid parameters.
Ok seriously, it is actually because a sell stop can only be made at a price lower than current price. Similarly, a buy stop can only be made at a price higher than current price. Alternatively, a sell limit can only be made at a price higher than current and buy limit can only be made at a price lower than current.
So if you are using mt4, you have to determine if you want to buy or sell, and then if it is at a price above or below current price. Kind of a pain in the a** if you ask me. Luckily, my broker doesn’t deal with that nonsense.
That is correct.
For example:
actual price: 1.5600
You can place a buy stop at 1.5620 or a buy limit at 1.5580
You can place a sell stop at 1.5560 or a sell limit at 1.5640
hope that helps
- Buy Stop - an order to open a Buy position at a price higher than the price at the moment of placing the order.
- Sell Stop - an order to open a Sell position at a price lower than the price at the moment of placing the order.
- Buy Limit - an order to open a Buy position at a lower price than the price at the moment of placing the order.
- Sell Limit - an order to open a Sell position at a price higher than the price at the moment of placing the order.
Regards
Thanks for that answer, but I still get the same response. invalid parameters. Is there any other thing you think am not doing right?
Post a screen shot with a line where you would like to open a trade…
Do it as an attachment here on BP, don’t use an outside host.
:mad: pls were on the site can I possibly down load the entire school training material, my network will not allow me study comfortably. Thanks
I dont think its a downloadable thing, I think its just a browser scrip, correct me if Im wrong…
Indeed it’s a thread I don’t think there is an e-book or something similiar.