Hey Guys,
Im a little confused as to why when i try to set a take profit or stop loss, i cannot set a minimum of 10 points. I get this comment “Stop loss or take profit you set must differ from market price by at least 40 points”
Im guessing it has to do with the spread
Can you attach an image just to see what are the levels you want to set the order and which trading pair you want to trade?
It could be spread as a reason if the spread is large on the trading pair.
If the spread is larger than the stop loss or take profit, the trade cannot be open because if it would open it would be closed with loss.
The spread would cover immediatelly your stop loss level.
As an example.
If the spread is 3 pips and you want to open the trade with the stop loss of 2 pips.
If the trade opens it would be closed because 3 pip of spread is larger than 2 pip stop loss level.
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Brokers vary in their rules , depends on time of day and the spread as to how they allow stops etc so would need to check the terms of the broker
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Could be large spread or you’re trying to trade at a time of huge volatility or low liquidity eg pre news release.
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