Why didn't my broker close my take profit order? | Page 2 | Forex Factory

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Why didn't my broker close my take profit order?

  • #21
  • Nov 8, 2013 7:45am Nov 8, 2013 7:45am
Quoting ssahrin
Hi All, I have a fixed spread account with Instaforex. Took a trade on the EURJPY.(short) Had my TP level set. An hour plus went by and here's the thing....candle and price went below my TP level (the dotted red line) BUT my trade was still NOT CLOSED. I am assuming because of spreads (3pips). However, aren't the spread (3pips) imposed upfront when you open buy/sell position? Am I getting charged upfront and backend of my trades? If I am, then it is ridiculous. Can someone from Instaforex explain? Webchat-ted with INSTAFOREX LIVE support but my...
InstaForex is a scam broker don't use it .
  • #22
  • Oct 7, 2016 2:50am Oct 7, 2016 2:50am
Hello Dear trader

please help me and check these orders for me ,
i have 4 orders that in all of them my TP touched but broker did not close orders at TP point!

eurusd spread is 2 pip in this broker.
in first case my orders closed at sl after touched tp ! and in second case i close it myself in loss after touch tp and not filled.

and i attach tick price too,that show in both case firsl my tp touched and then price changed and come back.

please tell me is it broker problem and they want to scam me? or they should solve it for me. thanks all
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  • #23
  • Oct 14, 2016 8:17am Oct 14, 2016 8:17am
It seems like people have problems with orders not closed.

Does anyone of you have problems with orders being closed too early (before the TP) and having contra trades opened that were not opened by you?

Why does it seem like retail traders can never earn now?!
  • #24
  • Sep 17, 2020 10:56pm Sep 17, 2020 10:56pm
Quoting idash
Hey, can anyone please remind me again of the structure behind the take profit? Trade: short entry: 1.3350 Take profit: 1.3260 Result: Price went down to low of 1.3258 and reversed but my take profit was not executed and I'm stuck with a trade in negative P/L. Last night I entered a short in the EUR/USD around 1.3350 and set my take profit at 1.3260. Once I entered the order I shut down MT4 and my computer. I woke up this morning seeing that price reversed the other way but my orders were not closed. I checked closer and saw that price reached a...
Most probably its because the tp price didn't hit the market because of spreads. First scenario has a higher possibility.
For the take profit to trigger, the ask price should have reached the tp level which might not have happened due to spreads. I would suggest you ask for a tick by tick chart from your broker of that particular time. It would definitely solve your query.
  • #25
  • Sep 21, 2020 2:05am Sep 21, 2020 2:05am
Quoting ele020
{quote} Most probably its because the tp price didn't hit the market because of spreads.
Exactly i agreed with this possible scenario.
  • #26
  • Sep 23, 2020 11:09pm Sep 23, 2020 11:09pm
Quoting jollypk
{quote} Exactly i agreed with this possible scenario.
However, their might be another possibility, was your broker regulated or non regulated? If its a regulated broker then the above explained scenario is true. But if its an unregulated broker, i would suggest you to get it investigated. They might have manipulated your trade.
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