Hi people… I’m testing Fxpro as broker and trying to make a pending order, but they say that I have to open it 50 pips away of the current price. And I allways get invalid tp or sl when I try it… maybe Im setting it wrong but. How it works in other brokers ? 50 pips is not too much far ?
Best regards
Hello.
Well I know nothing about Fxpro but I’m guessing that they ACTUALLY mean 5 pips. In other words: MetaTrader will indicate that your order has to be 50 pips away but that’s because of the five digit fractional pip pricing (which I’m assuming is the way Fxpro quotes their prices). UNLESS you’re trading something ‘exotic’ like USD/RON or USD/RUB or something like that i.e. then it could VERY WELL be 50 pips (but I don’t know of anyone other than myself that even LOOKS at those pairs so I’m figuring I’m right about it being because of the five digit fractional pip pricing).
As to why you ALWAYS get an invalid TP or SL error: THAT I cannot help you with unless you don’t understand ‘which is which’ if you know what I mean.
And given that you’re just ‘testing’: I say please do go and look at some broker reviews and ratings at, for example, Forex Peace Army (forexpeacearmy.com). You MAY just want to do that before committing real funds. Just saying is all. You know… In passing by…
Regards,
Dale.
Hi, thank you for your answer. For example Eur/Usd pair:
I’m trying to put a Buy pending order with price: 1.30535
The market current price is about at: 1.30030
Need I set SL and TP ?
Let’s guess I need… so I want SL at 1.29035 and TP 1.32050
I tryed it and got invalid SL or TP.
Best regards
That’s weird … S/L is 150 pips, T/P 151.5 pips, both definitely far enough, no matter what broker or platform; looks like there is something wrong with the trading platform.
Maybe try uninstalling and re-installing it. If that doesn’t help, contact your broker.
And yes, have a look at some reviews, like Dale said. ^^
Cheers,
O.
Hi.
Well so far as I can tell it’s definitely not YOU that is doing something wrong. All your orders are MILES away from the current market price as well as being MILES away from each other.
Just as a test: try and place your orders EVEN FURTHER AWAY and see if it accepts them without error. If it does: then you need to ask them why and what the problem is.
The only other thing I can think of is that some brokers will not allow you to place your entry, SL, and TP orders at the same time. You have to place your entry order first and then go and add / edit your SL and TP order prices. Why??? NO idea.
Regards,
Dale.
If you are using an ECN broker, you cannot place S/L and T/P together with the Buy/Sell order ([B]at market[/B]), because execution is at market, not instant.
But even with an ECN broker, you can place S/L and T/P right together with a [B]pending[/B] order.
So there is either some temporary technical mess-up with your MT4 or the broker’s server, or you really should look for a different broker.
O.
Well that explains it then!!! LOL!!!
How come you and I are always ‘over posting’ or ‘over typing’ each other??? LOL!!!
Regards,
Dale.
Hi, no I dont think so… they have an ECN account but mine is mt4. Im on live chat with them right now to check it.
I will post their answer here.
Thank you
People it was really a newbie mess… I was trying buy limit… and not buy stop.
So the order should be placed as buy stop if I want buy above the price market.
Now it works !!! 
Regards
Hello.
No problem. I’m pleased you got it sorted out. Now go find yourself a DECENT broker (‘hint hint’) and MAKE MONEY!!! LOL!!!
Regards,
Dale.
lol, ok … happens in the beginning. 
Above, you said ‘[I]they have ECN account, but mine is MT4[/I]’ … another misunderstanding: ECN is the broker type, MT4 is a trading platform … two different things.
I’m using an ECN broker with my MT4, for example; one does not exclude the other.
O.
Edit/P.S.: Dale’s hint is a good one.
I think Fxpro is not that bad… they have good customer service, live chat and tight spreads.
It’s dealing desk but… nothing is perfect. I will keep testing it, and if its bad I will find others. 
Hehe, suit yourself.
Personally, I’d rather donate my money to a charity than use a DD broker.
O.
NOT TRUE!!! Look here: Forex | Currency Trading | CFD | Indices | ETF | Crude Oil!!! LOL!!!
Regards,
Dale.
Have you NO compassion in you??? Do you have ANY idea how many people would be jobless. MOST ALL of the brokers INCLUDING your ‘garden variety’ ECN/STP brokers (‘as advertised’) would be laying off staff!!! LOL!!!
Regards,
Dale.
I mean they have ECN account but its not mt4… for ECN account it is other plattform… ctrader.
Dealing desk is really bad ? I would like your hints about this.
I know they make the market price but… does it can ruin my strategies ?
I mean… can they change a trend against me ?
1.) Dealing Desk isn’t ‘bad’ in itself, but you will get less orders filled at the price you’ve specified than with an NDD broker; requotes occur much more frequently with DD brokers.
2.) Even a Market maker claiming to be NDD/STP makes his own price by creating an artificial market for you.
3.) If they wished, they could of course ‘change a trend against you’ … but they would not bother, unless you open large position sizes.
The thing to keep in mind here is that you probably do not plan to trade micro lots or mini lots forever; the idea is to grow your account, so that you can gradually increase your position sizes, eventually earning you more money for the same price movement, right?
So, why bother starting with one broker and then changing to another one, once you’ve increased your account sufficiently?
My advice would be to go with an ECN broker right away; of course, with an ECN broker you’ll pay commission, too, not only the spread, but it is still advantageous.
As an example: my broker offers variable spreads between 0.1 and 0.8 pips for EURUSD, plus a commission of approx. 70 US cents per mini lot (round turn). So, opening and closing a EURUSD mini lot will cost me between 0.8 and 1.5 pips, all inclusive.
That is still cheaper than paying a fixed spread of 2 pips with an STD broker … plus the added advantage of working with an ECN broker.
And, as mentioned in an earlier post in this thread, 1 US cent per day as rollover fee.
The broker is based in Australia, ASIC-regulated; he keeps his customers’ funds in segregated (i.e. completely separate from his own money) accounts with the Australian National Bank.
So, I get nice tight spreads of 1.2 pips on average (commission included), my money is safe (even if the broker should go out of business), low rollover fees, and ECN execution. The broker offers MT4 and MT5, a webbased platform, and various mobile platforms … what else could I ask for?
lol, and before you ask: no, I’m neither an affiliate nor an IB … I haven’t even bothered to find out whether they have any affiliate program, because I’m not interested in that line of business.
Cheers,
O.
Hi Oliver… thank you very much for your explanation. Between… what is your broker ? Deltastock ?
Sorry if I missed it.
I liked very much this features. it is Go Markets ?
Best regards
50 pips? are you sure? That does not sound right…
I’m running a ‘Razor Account’ with Pepperstone.
O.