stop loss won't work

Discussion in 'Newbie Questions' started by Sarwaan, Sep 22, 2017.

  1. Sarwaan

    Sarwaan Trader

    1
    0
    6
    Hi All,

    hope all you doing well, in this week twice my stop loss didn't active when and I bear the loss, I am doing trading from the month I am new in this market, can anyone please guide me how to avoid this?
     
  2. Enivid

    Enivid Administrator Staff Member

    7,195
    226
    94
    What exactly do you mean when you say that your stop-loss didn't activate and you bore loss?
     
  3. Alexfx79

    Alexfx79 Active Trader

    376
    17
    39
    Maybe you haven't set them in the right way?
     
  4. Kwasi Kisiedu

    Kwasi Kisiedu Trader

    4
    0
    11
    You have to make sure it's set properly. Read the pip deviation requirements carefully before setting the stop loss.
     
  5. norlizan

    norlizan Trader

    9
    0
    6
    I have problems too
    i set stops and takeprofits in pending orders but they don't work anyway, i dont mean they dont work at all. my terminal says that there is an error and it doesnt place the trade. i tried to do it several times and it doesnt work on demo too
     
  6. Enivid

    Enivid Administrator Staff Member

    7,195
    226
    94
    Does it happen when you try to place the order manually or do use an EA? What kind of errors do you get? Are you sure you are placing the SL below the entry price for the buy orders and above the entry price for sell orders? Is TP above the entry price for buy orders and below the entry price for sell orders? Are the SL and TP big enough?
     
    Linda11 likes this.
  7. norlizan

    norlizan Trader

    9
    0
    6
    I try tp place it by hands.. here is a screenshot
    [​IMG]
    it says invalid sl or tp, but stop loss is lower than my buying price and take profit is higher. it is just an example I have made a minute ago. and I don't know why, as every time I do it with an already opened order, it works! but no work for pending orders.. I don't know, maybe I just don't understand. as I trade not for a long time. but if it works for ordinary orders, and not works for pending orders, it seems strange!!
     
  8. Enivid

    Enivid Administrator Staff Member

    7,195
    226
    94
    Unfortunately, your screenshot does not show the trade direction and entry price.
     
  9. norlizan

    norlizan Trader

    9
    0
    6
    I set it for an example, the price for entry was around 1.17650 , and the direction was to buy, if I understand you correctly, sorry for my English, I still learn it
     
  10. Enivid

    Enivid Administrator Staff Member

    7,195
    226
    94
    Your trade would not execute with such parameters because your pending entry level is within the current Ask/Bid spread. Also, 2 pips SL is probably not going to work too.

    Try using a Buy stop order at 1.1900 (or higher) with at least 5 pips SL and see if it works.
     
  11. norlizan

    norlizan Trader

    9
    0
    6
    Oooh now I see, I thought it has to be in this range, i understand, thank you for advise, will try it when find entry points!
     

Share This Page