"Invalid S/L or T/P" on MT4 | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

MT4 No Connection, Common Error, Invalid Account 14 replies

Dealing with "Invalid Price", "Requote", "Server Busy" in MT4 3 replies

handling error code 3 "invalid trade parameter" 18 replies

MT4 - Invalid account 3 replies

Problem with "Invalid Prices" on Trades 4 replies

Attachments: "Invalid S/L or T/P" on MT4
Exit Attachments

"Invalid S/L or T/P" on MT4

  • #1
  • First Post: Nov 21, 2008 1:54pm Nov 21, 2008 1:54pm
Hate to clutter up the forum with such a simple question but it's been a while since I used MT4 and I keep getting this message everytime I want to place a pending order: "Invalid S/L or T/P"

I know I set my stop and t/p on the correct side of the price. My situation was like this...

I saw the EURUSD at 1.2565 this morning. If it reached 1.2515, I wanted a short to be placed (1 lot). My stop was set to 1.2600, and profit at 1.2450. That message kept popping up. Is there a glitch in the system? Maybe I am missing something?

Thanks in advance for the help.
  • #2
  • Nov 21, 2008 2:05pm Nov 21, 2008 2:05pm
They have to be placed a minimum number of pips away from the current price. It should be stated somewhere in the open/modify order dialog window what the minimum is.
  • #3
  • Nov 21, 2008 2:28pm Nov 21, 2008 2:28pm
What broker are you using?
  • #4
  • Nov 21, 2008 2:34pm Nov 21, 2008 2:34pm
Are you entering using a sell stop order? Sounds like you are attempting to use a limit order. If the entry point is between current price and your target use a stop order. If the current price is between your entry point and your target you use a limit order.

Here are examples of stop and limit orders.. Apologies if I am patronizing you in any way but I'd bet a significant proportion of newcomers are not aware of the difference and just get by using market orders.

BTW not recommending these examples as strategies, just to distinguish between stop and limit orders.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 21112008eurusdorderexplanation.gif Size: 27 KB
Click to Enlarge Name: 21112008eurusdlimitorderexplanation.gif Size: 27 KB
  • #5
  • Nov 21, 2008 3:11pm Nov 21, 2008 3:11pm
Gentlemen,

Thank you for your responce. I am currently using FXDD, and I know all of my orders included a take profit and stop loss at least 50 pips away, so being close to the price really wasn't the issue.

BirdT, I think that was my problem this morning. I'll trying using SELL STOP next time. Thanks for clarifying and I will try it out on Monday.

Have a good a weekend!
  • #6
  • Nov 21, 2008 3:47pm Nov 21, 2008 3:47pm
I have had this problem even thought the tp or sl was way above the minimum. Seems that if you place the pending order you can then modify it after.
  • #7
  • Aug 22, 2011 2:36am Aug 22, 2011 2:36am
I am about to kill myself, no matter how many pips I choose I cant set any SL or TP. I can hang a pending order there, but I can't add any SL or TP, not even a 300 pips SL. I have Alpari.
I found a penny today. That's +100 pips for me.
  • #8
  • Aug 22, 2011 3:18am Aug 22, 2011 3:18am
Quoting ReaM
I am about to kill myself, no matter how many pips I choose I cant set any SL or TP. I can hang a pending order there, but I can't add any SL or TP, not even a 300 pips SL. I have Alpari.
Have you placed the order? Or trying to set TP/SL on a new order?
  • #9
  • Aug 22, 2011 4:45am Aug 22, 2011 4:45am
I did both First placing the order, then modifying and trying to add SL and TP and it won't let me. I tried 100 pips etc SL, it won't let me. I missed a signal, a loss, but it is worse to miss a signal than to lose.

That's amazing you reply years after the last of your posts here hehe
I found a penny today. That's +100 pips for me.
  • #10
  • Aug 22, 2011 5:13am Aug 22, 2011 5:13am
Quoting ReaM
I did both First placing the order, then modifying and trying to add SL and TP and it won't let me. I tried 100 pips etc SL, it won't let me. I missed a signal, a loss, but it is worse to miss a signal than to lose.

That's amazing you reply years after the last of your posts here hehe
Not sure what the problem is then. I always seem to have a problem when I place an order I try to set the TP or SL in the order window. Just won't let me and says it's invalid. So now I place the order then modify it after.

I am with Alpari but it's not a problem unique to them. It was the same with FXDD and FXCM so maybe a MT4 problem. I have changed PC and operating system since so it's not that either.

Maybe worth backing up your templates, profiles and indicators in MT4 and doing a new install. Or install a new copy to a different folder name and try that. Failing that try contacting Alpari. They are generally quite helpful but can be difficult to get hold of at times.
  • #11
  • Edited 8:29am Aug 22, 2011 5:19am | Edited 8:29am
Ive just successfully entered a pending order. I did not change anything. Same entry price, same SL and TP and it worked... I don't know what's the problem either. And it did not work 5 minutes ago...

Yes, hehe, Alapri does not have the chat support and one has to wait quite some time to get a message back.

Thank you for your help.


Do you by any chance know how to control slippage in MT4? I guess this is that deviation by default, but I can't choose half of a pip, I can only choose one pip. Search function did not help either.
I found a penny today. That's +100 pips for me.
  • #12
  • Aug 25, 2011 6:25am Aug 25, 2011 6:25am
Also had this problem several times. What I do, is the following:

Just open the position. and the next action is to modify the order, where I have already defined my usual T/P, S/L limits.

This is a very rudimentary system, and it has the risk that during the 1-2 sec it takes to modify the order there is an outbreak or the server is down.

So, try to use S/L, T/P bigger than 90 points and have your usual S/L T/P distances ready.
  • #13
  • Aug 29, 2011 2:42am Aug 29, 2011 2:42am
Thanks,

The problem did not occur since my last post.

It would be a disaster for me to have no SL and have my usual 4-5 lot position on.

I also noticed market orders have absolutely no option to add SL or TP. It's greyed out. I really miss Oanda's fxTrade. MT4 is clearly not a good software for trading manually. Very good for EA robots, but not manual orders or one has to write some scripts himself. I tried many Order Managers, they all have bugs.
I found a penny today. That's +100 pips for me.
  • #14
  • Apr 7, 2017 10:59am Apr 7, 2017 10:59am
I am getting this error and no matter how much I try, I cannot make a sell limit or sell stop. I add a screenshot here:

https://i.gyazo.com/cc810dd307043269...313b986c87.png

I want to open a sell position when price is higher than current price.

Opening without SL and TP sucks because I still need to sit near computer and wait when it is opened to be able to set limits.
  • #15
  • Edited 3:45pm Apr 7, 2017 3:34pm | Edited 3:45pm
Quoting SPeedFANat1c
I am getting this error and no matter how much I try, I cannot make a sell limit or sell stop. I add a screenshot here: https://i.gyazo.com/cc810dd307043269...313b986c87.png I want to open a sell position when price is higher than current price. Opening without SL and TP sucks because I still need to sit near computer and wait when it is opened to be able to set limits.

...
Attached Image (click to enlarge)
Click to Enlarge Name: cc810dd30704326950ca26313b986c87.png Size: 25 KB
  • #16
  • Apr 8, 2017 12:49am Apr 8, 2017 12:49am
Quoting srt
{quote} ... {image}
That software should be improved and able to explain to user the way you did I saw this 50 difference but I was not sure why I am not getting error because of this, it was telling inavlid SL or TP. Why invalid - not telling. In the first place it means not only SL was wrong but the price itself.

But thank you very much.

Oh, btw I think software should set automatically sell limit if I set price above current price. What is the point of sell stop option in case when you set price above current price when it is not possible combination?

But now I will be able to hunt better hopefully by not sitting at the computer and constantly checkking
  • #17
  • Last Post: Apr 8, 2017 1:04am Apr 8, 2017 1:04am
m8 you need to do "baby pips " education ,,, work out what the various settings are , you can blame the system that evreyone else understands ALSO check the time the order expires ...
0 traders viewing now