Perfect knowledge of Bid/Ask/SL/TP

Dear All,

This is a question set that I want the right person with perfect knowledge of bid/ask, stop loss/take profit to answer. If you have enough confidence to answer the True/False statements below, please reply here.

1. For a typical broker, the price shown on the MetaTrader chart is bid price, rather than ask price.

2. When a short trade pending order is made, the price is in bid price.

3. When a long trade pending order is made, the price is in ask price.

4. When a short trade is entered with stop loss and take profit, the stop loss and take profit are in ask prices.

5. When a long trade is entered with stop loss and take profit, the stop loss and take profit are in bid prices.

6. Finally, the chart here shows correctly the relationships between risk capital/profit target against the chart price travel ranges during a short trade.

Cheers!

Why no one reply?

All of this has already been answered many times, e.g. here

Hi Hanover,

You are my star! Thanks a lot.

Now, I can see the answer of the above True/False statements.

kk007

So, the answers should be:
1.T
2.T
3.T
4.T
5.T
6.T

kk007,
Sir David (hanover) is 1 of the best around.

u seem to be playing question & answer games with us. lol
Thanks, as it's beneficial anyway.