Invalid stop loss take profit in forex

However, some brokers can increase the minimum stop loss or target level. Invalid stop loss in MT5 error is the same error as in MT4. Usually, traders set a stop loss or target less than 2 pips from the entry price. So if the average daily range is pips for some pairs, I am trying to set a minimum stop loss of at least 25 pips. In the example below, we have an invalid stop loss level that is too high: This is wrong stop loss. However, if I put a stop loss between the bid and ask price, technically price is below buying price.

Enter your current Personal Area password and then the new password—twice. How can I change my trading account password? Select the Account password. Enter your current Account password and then the new password—twice. How can I restore it? Go to the Restore password page.

Choose the account number from the drop-down menu if you want to restore the account password. How can I change my investor password? You can change your investor password in the desktop MT4 terminal. Open the Tools drop-down menu. Select Options. Type the current master password in the text field. Select Change investor password. Type the new investor password in the New Password text field. Re-type the new investor password in the Confirm text field.

Press the Ok button. Open the File drop-down menu. Select Change password. An investor password allows you to watch account performance without being able to open or close orders. How can I verify my profile? You need to provide us with a document verifying your identity.

It can be a passport, national identity card, or any other government-issued photo ID. The document must not be expired. You should submit a picture of your ID through your Personal Area or send it to [email protected] When taking a picture, make sure that your name, photo, date of birth, signature, issue and expiration dates, and serial number are clearly visible the entire document is in the photo frame the document is not fragmented or folded.

Please do not edit the picture of your document before submitting it. If you do not reside in the country that issued your primary ID, you need to provide an additional document from your country of residence. It can be a residence permit or any government-issued ID. Why should I get my profile verified? Profile verification allows us to make sure your information is valid.

We keep your information confidential and use it solely to verify your identity. Verifying your profile helps us ensure your transactions are authorised and protect you against fraud. We strongly recommend getting your profile verified before making your first deposit, especially if you want to deposit with Visa or Mastercard. Please note that you can withdraw funds only after your profile is verified. I have submitted my documents. How long will it take to verify my profile?

Verification usually takes just a few minutes. However, it may require up to 24 hours if we have a large number of requests or if you submitted your request overnight or at the weekend. To help us approve your request quicker, please make sure you submit clear, distortion-free images of your documents. We will send you an email when we complete your profile verification. Is my personal information safe with you? How do you protect it? We use highly secure technologies to protect your data and financial transactions.

Your Personal Area is SSL-secured and protected with bit encryption, which makes your browsing safe and your data inaccessible to third parties. You can read more about data protection in our Privacy Policy. Where are your servers located? Our trading servers are located in London. We have a wide network of servers and data centres throughout Europe and Asia, ensuring low latency and stable connection.

What are your market opening hours? However, any trading is unavailable during server maintenance from a. What are the advantages of trading with OctaFX? We value every trader and do everything possible to make their Forex trading experience with us positive and profitable.

Our top priority is providing traders with high-quality services that meet international standards and regulations. We offer: market execution of less than a second no commission on deposit and withdrawal lowest spreads in the industry various deposits and withdrawals methods negative balance protection a wide range of trading tools. Find out more about our company advantages. We are proud to be a socially responsible company and regularly engage in supporting various foundations and charity programs to help those in need.

We believe that it's our responsibility to improve the quality of life of underprivileged people around the globe. You can learn more about how to help at our Charity page. How does OctaFX support sports activities? Apart from helping various charity organisations, we support sports initiatives across the globe. We signed our first sponsorship agreement back in with Persib Bandung FC. The same year this team won the Indonesian Super League Cup and claimed the title of Indonesian champions.

We have also supported Bali Sports Foundation, which provides support to disabled athletes in Bali and East Indonesia. It was our pleasure to partner with BSF in helping to transform lives through sport. Find out more about our current sponsorships. What is your spread? Do you offer fixed spread?

We offer floating spreads only. This means our spreads vary according to the market situation. Here's why: Our goal is to provide you transparent prices and the tightest spreads we can without applying any additional commission. The main advantage of a floating spread over a fixed spread is that it is often lower than average, however you may expect it to widen at market open, during rollover at server time , during major news releases or high volatility periods.

You can check minimum, average, and current spreads for all trading instruments on our Spreads and Conditions page. How does floating spread change throughout the day? Floating spread varies throughout the day depending the trading session, liquidity and volatility. It tends to be less tight at market opening on Monday, when high impact news is released, and at other times of high volatility. Do you have requotes? No, we do not. A requote occurs when the dealer on the other side of the trade sets an execution delay during which the price changes.

As a non-dealing desk broker OctaFX simply offsets all orders with the liquidity providers to be executed at their end. Do you have slippage on your platforms? Slippage is a slight execution price movement that may occur due to the lack of liquidity behind the requested price or when it's been taken by other traders' orders.

It can also happen due to market gaps. Slippage should be factored in as one of the risks when trading with an ECN broker since it cannot guarantee that your order will be executed at the requested price. However, our system is set up to fill orders at the next best available price whenever slippage occurs. Please be aware that slippage can be both positive and negative, and OctaFX cannot influence this factor.

Do you guarantee stop orders? After being triggered, a pending order becomes a market one and is filled at the best available price, which primarily depends on the market conditions, available liquidity, trading pattern and volume. Is it possible to lose more than I deposited?

What if my account's balance becomes negative? No, OctaFX offers negative balance protection, so whenever your balance becomes negative, we automatically adjust it to zero. If your balance becomes negative due to Stop Out, OctaFX will compensate the amount and bring your account balance back to zero. OctaFX guarantees that your risk is limited to only those funds you have deposited into your account. Please be aware that this does not include any debt payments from the client. Thus, our clients are protected from losses beyond the initial deposit at OctaFX's cost.

You can read more in our Customer agreement. How much margin is required to open my order? It depends on the currency pair, volume, and account leverage. You can use our Trading Calculator to calculate your required margin. When you open a hedge locked or opposite position, no additional margin will be required; however, if your free margin is negative, you will not be able to open a hedge order. My order was not executed correctly. What should I do? With market execution, we cannot guarantee filling at the requested rate for all of your positions please check About ECN trading for more details.

However, in case you have any doubts, or if you would like an individual review of your orders, you are always welcome to write a detailed complaint and send it to [email protected] Our trade compliance department will investigate your case, provide you with a prompt response, and make corrections to the account if applicable.

Do you have any commissions? We don't charge any commissions for trading. Both MT4 and MT5 commissions are included in our spreads as markup. What trading techniques and strategies can I use? Our clients are welcome to use any trading strategies, including but not limited to scalping, hedging, news trading, martingale as well as any Expert Advisers, with the only exception being arbitrage.

OctaFX allows scalping, hedging and other strategies if the orders are placed in accordance with our Customer Agreement. However, please note that arbitrage trading is not allowed. What tools do you have for me to track major news releases and times of high market volatility?

Please feel free to use our Economic Calendar to be informed about upcoming releases and our Forex News page to learn more about recent market events. You can expect high market volatility when the event with top priority is about to take place. What is a price gap, and how does it affect my orders? A price gap signifies the following: current bid price is higher than the ask price of the previous quote or current ask price is lower than the bid of the previous quote current bid price is higher than the ask price of the previous quote; or current ask price is lower than the bid of the previous quote.

It is important to understand that you may not be always able to see a price gap on the chart since it can be enclosed in a candle. As the definition implies, in some cases you would need to observe the ask price, while the chart shows only the bid price. The following rules are applied to pending orders executed during a price gap: if your Stop Loss is within the price gap, the order will be closed by the first price after the gap if the pending order price and Take Profit level are within the price gap, the order will be cancelled if the Take Profit order price is within the price gap, the order will be executed by its price Buy Stop and Sell Stop pending orders will be executed by the first price after the price gap.

For example: bid is listed as 1. In the next tick, bid is 1. What happens if I leave my order open overnight? We won't charge you any commission for holding an order overnight—all of our accounts are swap-free. Can I trade cryptocurrency at OctaFX? Yes, you can trade cryptocurrency pairs with us. Learn more about trading cryptocurrencies with us. Can I trade commodities at OctaFX?

Yes, enjoy the benefits of trading gold, silver, crude oil, and other commodities with OctaFX. See more.

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The accurate knowledge about these terms will help you to earn a vast profit. As a forex trader, you have to learn about pending orders, stop loss, take profit, and trailing stop. If you have a proper idea about this method, you will make the right decision while trading. This article will be helpful for forex traders because they will get appropriate knowledge about these four terms. What is a Pending Order in Forex? Pending order is an easy and automatic trading method. The price value of the currency pair is changing every day and every moment.

So, by this method, traders can easily set up an entry price. When the market price touches this particular price, the trade opens automatically. If the marker price does not reach your particular set up price, nothing will happen. There are four types of pending orders. Buy Limit Pending Orders: Buy limit pending order means traders buy only below and the particular price. If you are sure that the price will increase, you can choose the buy limit.

Sell Limit Orders: Traders sell only when the price has already increased. Sell Stop Orders: When the sell order is below the current particular price, traders stop selling the pending orders. Buy Stop Orders: Traders use the buy stop pending orders when the price has increased. What is Stop Loss in Forex?

The trader can not bear a massive amount of losses, so they set up a particular price from where if the market price reaches the specified price, the trade will automatically stop. You can easily control your loss by setting up a stop loss method. For instance, suppose you open a trade at 1. For this reason, you set up a stop-loss price of 1.

When the price comes down to 1. So, stop loss is an essential tool for traders to reduce their loss. What is Take Profit in Forex? Who is Hercules. With more than 30 partnered companies all over the world, Hercules. Finance offers trusted and timely information for Investors and Users of the services. By referring to Hercules.

For the list of all partnered companies, please visit here. For more latest information of the website, please visit hercules. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience. All information on Hercules is only published for general information purposes.

We do not present any guarantees for the accuracy and reliability of this information.

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