DislikedNope. I remember when I first learned this, and I think it is quite useful.
Okay, say you wanted to go long at 150.00 and the spread was 5 pips. You would have to place your long order at 150.05. If you do that, then on your chart, when price hits 150.00, the order will be activated.
If you had placed your actual long order at 150.00, then it would be activated when your chart reads 149.95. That would be too early.
For short orders, say you want to sell at 120.00. Then you would place you're sell order at 120.00...Ignored