In a short trade, do we exit using the ask or bid price? | Forex Factory

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In a short trade, do we exit using the ask or bid price?

  • #1
  • First Post: Sep 7, 2019 8:24am Sep 7, 2019 8:24am
As the title says, do we exit the trade using the ask or bid price? I saw that price went bullish on the ask price and bearish on the bid price on EURPLN.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURPLN 1 HOUR BID PRICE.png Size: 56 KB
Click to Enlarge Name: EURPLN 1 HOUR ASK PRICE.png Size: 57 KB
Hi bye mai hai
  • #2
  • Sep 7, 2019 10:36am Sep 7, 2019 10:36am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting DuckHunter
As the title says, do we exit the trade using the ask or bid price? I saw that price went bullish on the ask price and bearish on the bid price on EURPLN. {image} {image}
Long ... entry on Ask ... exit on Bid
Short ... entry on Bid ... exit on Ask
MT4/MT5 EAs/Indicators/Alerts coder
  • #3
  • Sep 20, 2019 5:10am Sep 20, 2019 5:10am
Quoting FerruFx
{quote} Long ... entry on Ask ... exit on Bid Short ... entry on Bid ... exit on Ask
Hi FerruFX! Thank you for responding Great weekend ahead to you
Hi bye mai hai
  • #4
  • Sep 20, 2019 7:26am Sep 20, 2019 7:26am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting DuckHunter
{quote} Hi FerruFX! Thank you for responding Great weekend ahead to you
MT4/MT5 EAs/Indicators/Alerts coder
  • #5
  • Oct 29, 2019 10:28pm Oct 29, 2019 10:28pm
Quoting FerruFx
{quote} Long ... entry on Ask ... exit on Bid Short ... entry on Bid ... exit on Ask
This is relatively related to the OP, but what is the relation between the price 'ticker' shown on the ride hand side of the chart, and the ask/bid price? Is it a fixed amount from either ask/bid, or does it split the middle? From examples I have screenshotted, the ticker seems to be 0.5 pips higher than Bid but I can't work out why that is.

Using MT4 GBP/AUD cross refer screenshot attached.
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-10-30_12-55-16-612.jpeg Size: 1.1 MB
109TRADES
  • #6
  • Last Post: Oct 30, 2019 2:35am Oct 30, 2019 2:35am
Quoting FerruFx
{quote} Long ... entry on Ask ... exit on Bid Short ... entry on Bid ... exit on Ask
Well; usually I don’t take any trade where TP level is less than 10 pips.
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