I entered a long position of NZD/USD at the price of 0.8205 today at 7.39pm. I set the stop loss at 0.8200 and the take profit at 0.8220, but the system is saying INVALID S/L or T/P. Can somebody please tell me what i am not doing right. I am a newbie is still getting confused on how to correctly set the S/L and T/P. Don't trade ANY Euro pairs. Look I know it's the most traded pair it goes up and down really fast and there's so much potential for you to make money. Turns out there's even more for you to lose money. It's way too volatile specially if you don't know what you're doing. EUR/USD is the worst offender. Trade the Daily. S/L=Stop Loss and T/P=Take profit. Stop Loss is the level you set at which your trade will close if price action moves against you . Take Profit is the level you set that your trade will close if price action moves in your favor. The process of setting a Stop Loss (SL) and a Take Profit (TP) price target is one of the most important processes a retail forex trader will engage in. Markets are not always predictable, and Hello, i am newbie to forex till now half year. whats the relationships Time frame with Enter/Exit? whats the relationships Time frame with S/L and T/P? i want to ask even more about the time frame and enter/exit ,S/L, T/P relationships. i am trade on 1H, go to 4H and daily chart mark those important trendline and S+R levels. those trendlines and S+R on 4H, Daily chart are more important UPDATE 2: Im so fricin confused at the moment,coz Ive accidentely put S\L and T\P other way around when selling.Funny enough it actually went through ( By other way around I mean putting s\l higher than the current price and t\p lower) What`s going on here? Am I wrong or the “other way around“ is the correct way?
Hello, i am newbie to forex till now half year. whats the relationships Time frame with Enter/Exit? whats the relationships Time frame with S/L and T/P? i want to ask even more about the time frame and enter/exit ,S/L, T/P relationships. i am trade on 1H, go to 4H and daily chart mark those important trendline and S+R levels. those trendlines and S+R on 4H, Daily chart are more important UPDATE 2: Im so fricin confused at the moment,coz Ive accidentely put S\L and T\P other way around when selling.Funny enough it actually went through ( By other way around I mean putting s\l higher than the current price and t\p lower) What`s going on here? Am I wrong or the “other way around“ is the correct way?
Example: Realized Profit. Let’s say your account is in USD and you are currently long 10,000 units of EUR/USD, which was bought at 1.15000. The current exchange rate for EUR/USD is 1.16000.. Let’s calculate the position’s Floating P/L: 9/19/2019 6/21/2020 6/25/2019 Öppettider för Forex Bank i hela Sverige. Vi samlar öppettider, adresser, kontaktuppgifter och mycket, mycket mer.
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S/L=Stop Loss and T/P=Take profit. Stop Loss is the level you set at which your trade will close if price action moves against you. Take Profit is the level you set that your trade will close if price action moves in your favor. Forex Trader 2005.07.13 17:14 #6 trader cannot change stop-levels. trader can get stop-level value and use this value for calculation possible stop loss and take profit values to prevent "[Invalid S/L or T/P]". 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. ForexMT4Indicators.com are a compilation of forex strategies, systems, mt4 indicators, mt5 indicators, technical analysis and fundamental analysis in forex trading. You can also find systems for scalping such as trends, reversals, price actions. Trading on a lower timeframe like 1 minute to long term trading are also imparted here. I entered a long position of NZD/USD at the price of 0.8205 today at 7.39pm. I set the stop loss at 0.8200 and the take profit at 0.8220, but the system is saying INVALID S/L or T/P. Can somebody please tell me what i am not doing right. I am a newbie is still getting confused on how to correctly set the S/L and T/P. Don't trade ANY Euro pairs. Look I know it's the most traded pair it goes up and down really fast and there's so much potential for you to make money. Turns out there's even more for you to lose money. It's way too volatile specially if you don't know what you're doing. EUR/USD is the worst offender. Trade the Daily. S/L=Stop Loss and T/P=Take profit. Stop Loss is the level you set at which your trade will close if price action moves against you . Take Profit is the level you set that your trade will close if price action moves in your favor.