MT4 question

Beginner Questions
1

When I backtested my strategy, the platform would not enter a trade until the price was reached (if I used a stop)

now I am using MT4 demo account (before going live this week) and on the GBPUSD and the USDJPY charts, when using a buy stop (for example) the position is entered 4 or 5 pips before the price is reached.

Is this common ? Is it the broker or the platform settings ?

I would like to change it so the position isnt entered until the price reaches what I set the stop to. Can I do this ?

Mike

2

WHEN you set a buy stop the trade will be open when the ask line hits that buy stop. even if the bid line is 3-4 pips away from the point… that is the spread. you need to count with it

3

that explains a lot.

so MT4 displays the bid line on the chart, and uses the ask line to trigger buy stops. Can I change this on MT4 so the chart will display both ?

(this is why my stop loss was triggered ‘early’ on sell positions too )

4

right button of the mouse, go to propertys, and chek the see ask line

5

thankyou

thats much clearer now

changes my strategy a little