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Thread: trade can close

  1. #1
    Super Moderator nonamer's Avatar
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    Default trade cannot close using market price

    hi admin ...
    i have problem using ur meta4 trader ...when i want closing using close market the error message i get like this--->
    2007.04.25 20:40:39 '11842': order #241221 sell 0.10 GBPUSD closing at 2.0023 failed [Modification denied. Order too close to market]
    2007.04.25 20:40:39 '11842': order #241221 sell 0.10 GBPUSD closing at 2.0023 failed [Modification denied. Order too close to market]
    2007.04.25 20:40:19 '11842': order #241221 sell 0.10 GBPUSD closing at 2.0025 failed [Modification denied. Order too close to market]
    2007.04.25 20:39:58 '11842': order #241221 sell 0.10 GBPUSD closing at 2.0026 failed [Modification denied. Order too close to market]


    i'm not adjusted/modified the s/l or t/p ...and not delete the trade ..but i want closing the trade position using market price ....my t/p 2.0022 and the current i want close at 2.0026 - 2.0023 ....maybe rejected coz to near with t/p or what ??
    we can closing using market price right ..? even the t/p near the market price ....i need to close becoz sometimes when big trade on news ....market can pull back immediately ...

    but so lucky me that position hit t/p ....
    i just want closing using market price when i get green pips...so i need that ..
    Last edited by nonamer; 04-25-2007 at 01:02 PM. Reason: title wrong ..huhuh

  2. #2
    Denis Peganov, FXOpen Development Director cool user FXOpen Manager's Avatar
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    Default

    Quote Originally Posted by nonamer View Post
    hi admin ...
    i have problem using ur meta4 trader ...when i want closing using close market the error message i get like this--->
    2007.04.25 20:40:39 '11842': order #241221 sell 0.10 GBPUSD closing at 2.0023 failed [Modification denied. Order too close to market]
    2007.04.25 20:40:39 '11842': order #241221 sell 0.10 GBPUSD closing at 2.0023 failed [Modification denied. Order too close to market]
    2007.04.25 20:40:19 '11842': order #241221 sell 0.10 GBPUSD closing at 2.0025 failed [Modification denied. Order too close to market]
    2007.04.25 20:39:58 '11842': order #241221 sell 0.10 GBPUSD closing at 2.0026 failed [Modification denied. Order too close to market]


    i'm not adjusted/modified the s/l or t/p ...and not delete the trade ..but i want closing the trade position using market price ....my t/p 2.0022 and the current i want close at 2.0026 - 2.0023 ....maybe rejected coz to near with t/p or what ??
    we can closing using market price right ..? even the t/p near the market price ....i need to close becoz sometimes when big trade on news ....market can pull back immediately ...

    but so lucky me that position hit t/p ....
    i just want closing using market price when i get green pips...so i need that ..

    I think your problem is solved. Should be 10 pips difference.

  3. #3
    Super Moderator nonamer's Avatar
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    Default

    Quote Originally Posted by FX Egypt Manager View Post
    I think your problem is solved. Should be 10 pips difference.
    nope ...for now ..i mean when i open trade position at 2.0033 for sell ...then market going to 2.0025 ...i want close using market price ...(on the spot close) ...i have t/p at 2.0022.....when i try to closing using market price ...it's cannot done ...the error like i paste earlier ....i'm not modified/adjusted the t/p or s/l but i want to closing trade position using market price ...normally i close even 2 or 3 pips from open price its o.k but not today ...i cant do that .....

    or i must close 10 pips difference from my t/p at 2.0022 ......???
    Last edited by nonamer; 04-25-2007 at 03:03 PM.

  4. #4
    FXMalay Supporter arialun's Avatar
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    Default

    Quote Originally Posted by nonamer View Post
    nope ...for now ..i mean when i open trade position at 2.0033 for sell ...then market going to 2.0025 ...i want close using market price ...(on the spot close) ...i have t/p at 2.0022.....when i try to closing using market price ...it's cannot done ...the error like i paste earlier ....i'm not modified/adjusted the t/p or s/l but i want to closing trade position using market price ...normally i close even 2 or 3 pips from open price its o.k but not today ...i cant do that .....

    or i must close 10 pips difference from my t/p at 2.0022 ......???
    I think the best way to workaround on this is first, you clear/empty the T/P.
    Then you manually close your trade when profits.

  5. #5
    Super Moderator nonamer's Avatar
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    Default

    Quote Originally Posted by arialun View Post
    I think the best way to workaround on this is first, you clear/empty the T/P.
    Then you manually close your trade when profits.
    for me ...i need also t/p ....sometimes market move fast ...pullback or straight away move .....so if i close using market price sometimes i cant get the price ....to fast ...so my t/p as back-up ... ..so i need t/p also ...

  6. #6
    FXMalay Supporter arialun's Avatar
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    Default

    Quote Originally Posted by nonamer View Post
    for me ...i need also t/p ....sometimes market move fast ...pullback or straight away move .....so if i close using market price sometimes i cant get the price ....to fast ...so my t/p as back-up ... ..so i need t/p also ...
    ya.. ya.. what I mean is, if you encounter the error "Modification denied. Order too close to market" during the process of closing your position, since the T/P value is there, you will have to remove(empty) the T/P first, and then saved. Quickly open back your position, and close your trade, while still profits.

  7. #7
    Intraday Master
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    Default News

    Quote Originally Posted by arialun View Post
    ya.. ya.. what I mean is, if you encounter the error "Modification denied. Order too close to market" during the process of closing your position, since the T/P value is there, you will have to remove(empty) the T/P first, and then saved. Quickly open back your position, and close your trade, while still profits.
    But that kind of way is surely not suitable for news trading, you might get whipsaw or pullback.. while there is no SL and TP.. orders are a little problematic if the price is moving fast because of the price changing

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