Invalid SL or TP

Puppy0

Trader
Dec 20, 2016
1
0
6
41
hi,

Whenever I want to create new either short or long order, I am getting all the time error message "Invalid SL or TP" preventing me to add an order (forex, stocks, cfd). I have asked my broker why this could happen and got the answer that normally minimum distance between current market price (valid for both: entering short and entering long) and SL as well as minimum distance between current market price and TP must be 6 pips for forex and 10 pips for cfd and stocks. Been doing the research for a while what could be the reason and nothing really helped. I checked 5 times to be 100% sure that I am setting up correct type of order. For measuring pips, I used Crosshair (second button left to right in toolbar) and measure the MIDDLE number from the three numbers that occur when you move mouse cursor. Once I even had distance over 100 pips and it didn't help. I have no idea what else to do, missed many great opportunities to enter the trade because of this error. As I said, i have been searching for the reason/cause of this error and note them down in some txt file just in case if i needed the collection of possible reasons/causes of the problem, however asking for the reason might not help me. One of reasons that I found online was (name of the cause for problem) "Ending digit in both SL/TP is not 0 or 5" so obviously I made sure that ending digit in both SL and TP is either 0 or 5 and it didn't work. Furthermore, I made sure that market price is ABOVE my entry price if having type of order Sell Stop or Buy Limit and I made sure that market price is BELOW my entry price if having type of order Buy Stop or Sell Limit. I would appreciate your help but most likely asking for the reason won't help. So as the ultimate purpose of making this message, there will ask a way more directly: Does Metatrader 4 (should work on 5 too) have some kind of custom tool which could show/indicate what is the problem that described error occurs? My version is 4. If it doesn't (i wish it does because it would literally SHOW me what is the problem), I would highly appreciate some assistance towards solving that problem.

in attachment i am showing RANDOM image of found error with identical problem (the chart at the background is not my).
 

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radaway

Trader
Oct 5, 2016
39
1
19
it could be that the spread you have is massive for this pair, I used to have these kind of issues with mt4 when the spreads were too high and I would tend to place a limit order. Thus with my exp. I would say : contact the Broker. But as Enivid pointed out above , people will need more info from your side.
 

ParryL1

Newbie
Nov 27, 2016
8
0
2
41
Probably is the spread. If not are you sure the price feed is active. If it is the weekend then that might explain why it doesn't work