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Thread: Pending order

  1. #1
    FXMalay Supporter arialun's Avatar
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    Default Pending order

    e.g. current price is at 1.3060

    Let say I forecasted that the price will drop to 1.3015 before it start bullish again.

    If I want to do pending order;

    Should I;

    (a). Set Buy Stop at price 1.3020, with S/L 1.2000, and T/P 1.2030 or

    (b). Set Buy Limit at price 1.3020, with S/L 1.2000, and T/P 1.2030.

    Which one is correct?
    What happen if i execute item (a)?

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  3. #3
    Denis Peganov, FXOpen Development Director cool user FXOpen Manager's Avatar
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    Default

    Quote Originally Posted by arialun View Post
    e.g. current price is at 1.3060

    Let say I forecasted that the price will drop to 1.3015 before it start bullish again.

    If I want to do pending order;

    Should I;

    (a). Set Buy Stop at price 1.3020, with S/L 1.2000, and T/P 1.2030 or

    (b). Set Buy Limit at price 1.3020, with S/L 1.2000, and T/P 1.2030.

    Which one is correct?
    What happen if i execute item (a)?
    You should set BUY LIMIT with S/L below 1.3020 and take profit over 1.3020 (S/L and T/P should be different for minimum 10 pips from orders price)

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    reply to putting pending order

    actually while you put wrong pending order, the platform will not accept it,
    if you put your take profit or stop loss less than 10 pips.
    platform will refuse,
    if you put buy limit and the right order it buy stop, the plat form will not accept order except in the right way,

  5. #5
    FXMalay Supporter arialun's Avatar
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    Default

    Quote Originally Posted by signal_generator View Post
    actually while you put wrong pending order, the platform will not accept it,
    if you put your take profit or stop loss less than 10 pips.
    platform will refuse,
    if you put buy limit and the right order it buy stop, the plat form will not accept order except in the right way,
    Ok.. understood. Thank for clarify the matter.

  6. #6
    FXMalay Supporter arialun's Avatar
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    Default

    Dear Sir,

    This morning around 7am, (Malaysian time GMT +8) I made a pending order(no: 228345); sell stop usd/jpy at price 118.81. However it was not executed.

    Kindly clarify why is it so... Else I sure get 10pips just now..

    my account no: 11885

  7. #7
    Denis Peganov, FXOpen Development Director cool user FXOpen Manager's Avatar
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    Director of FXOpen Aus FXOjafar's Avatar
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    In Profit 13thheaven's Avatar
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    Default

    I think our deposit be back

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    Default

    Well, I thing the stop means when the price stops on a certain level, and limit when it PASSES a certain level.... Maybe that was the problem???

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    Default

    thanks for understanding me

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    In Profit 13thheaven's Avatar
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    Default

    Quote Originally Posted by RebateFX.com View Post
    That's good to know. I hate brokers that argue with their clients even if the client is right.
    those brokers really want to make us broke...
    and there's lots of brokers that want to do so

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