Hopefully someone can let me know whats going on with this screen shot. It says I have an invaild T/P or S/L. They look ok to me soooo idk.
The goal here is I’m trying to set up just a test trade (obviously just trying to learn to use the software). I’m wanting to short EUR/USD with and entry @ 1.30304, with a target profit @ 1.29850, and a stop loss @ 1.30450. Again not asking for advice on the trade per say (just randomly picked my entry, t/p, s/l points) I just want to know how I’m inputting it wrong. thanks in advance for the help.
At a guess, I’d say that it was the option where you’ve picked “Sell Limit”. I can’t see the prices very well in your photo (too blurry) but I’d say that by trying to read them, it’s a “Sell Stop” order that you’re placing.
I don’t know how experienced you are (so apologies if it comes across as patronising) but the following may help:
Buy Stop - an order to open a long position at a price higher than the current price.
Sell Stop - an order to open a short position at a price lower than the current price.
Buy Limit - an order to open a long position at a price lower than current price.
Sell Limit - an order to open a short position at a price higher than the current price.
I encountered the same error a few times when I first started out & this turned out to be the culprit. Hopefully it’s the same here.
Good luck.
I did encounter similar problems during my first day of demo trading. My problem was that I was setting my ST and TP not too far from the original quote. As for you, I think your mistake is the order, it seems like you are Going Long instead of short and your setting your ST and TP to suit a short trade.
Don’t forget some brokers also have minimum distances for their stops and limits.
I.e.
If a broker has a minimum 5 pip SL distance and you try to move your SL to 3 pips from current price it will throw an invalid stop at you.
