Hiya,
I am newbie trader, using a demo account and MT5 terminal at the moment.
I have added 2 Sell Limit orders with these parameters, and both orders resulted in a loss. Not sure where I am going wrong. Any help, comments pls?
Sell Limit Order 1 (USD/JPY downward trend):
Price: 102.227
S/L: 102.247
TP: 102.206
Profit: minus 26.22
Sell Limit Order 2 (USD/JPY downward trend):
Price: 102.239
S/L: 102.270
TP: 102.200
Profit: minus 40.62
I also added 2 Buy Limit orders during USD/JPY Upward trend, and both orders resulted in Profit.
So, I am sure I adding buy orders correctly.
Thanks.