Hi all,
During the recent CHF spiking I had a pending stop buy order activated 100 pips above its order level. Attached to the order was a TP which was 20 pips above the order level. Of cause the TP could not be activated.
Ok what I need to know is.
1 does the order become void once it reaches the TP level (if not why not as this defies logic)
2 If its not void and activated above then does the TP now become a Stop loss?
The order was placed with MT4 on a ECN Broker (IC Markets)
I cannot find any information on this so I hope someone can help because IC Markets wont.
During the recent CHF spiking I had a pending stop buy order activated 100 pips above its order level. Attached to the order was a TP which was 20 pips above the order level. Of cause the TP could not be activated.
Ok what I need to know is.
1 does the order become void once it reaches the TP level (if not why not as this defies logic)
2 If its not void and activated above then does the TP now become a Stop loss?
The order was placed with MT4 on a ECN Broker (IC Markets)
I cannot find any information on this so I hope someone can help because IC Markets wont.