[quote=csabee;4544579]Hello Kate,
I would like to ask you about how much is the minimum Stop & Limit order distance requirement at tadawulfx?I have experienced at some currency pairs & futures that I couldn’t place a buy/sell stop order within a certain distance from recent price.(not to be mistaken with the default spread distance). There is a discussion regarding this topic on website: http://www.100forexbrokers.com/broke...ce-requirement
Hi Csabee,
That’s a very good questions.
The Stop & Limit order levels are different for most currency pairs and futures. To get the exact Stop & Limit levels for each instrument, please follow these steps:
1) Log into your TDFX MT4 platform.
2) Right click on “Market Watch” with your mouse.
3) Select “Symbols.”
4) Select the instrument of your choice.
5) Click “Properties” and then view the “Stop Level.”
Regarding the discussion taking place on 100forexbrokers.com… I have read the introduction to the thread, and although most of the information is valid and informative , there is one point that is not entirely correct, at least not in Tadawul FX.
“When a trader opens a position, the initial spread is paid. When a trader is required to place a stop at a certain minimum distance, he is, basically, asked to bid another X amount of pips which cannot be claimed back.
Should a trade go wrong, a trader will not be able to close a position sooner than after a minimum required distance, meaning that a loss on each unprofitable trade cannot be smaller than X amount of pips.
(When a trade was placed by mistake, which could happen, the cost of closing such trade will be again no less than X amount of pips.)
At Tadawul FX, you can cancel the Stop & Limit order at any time. Whether you trade with an EA or manually, you can always cancel or close the Stop & Limit orders manually.
Hope that helps?
Kind Regards,
I would like to ask you about how much is the minimum Stop & Limit order distance requirement at tadawulfx?I have experienced at some currency pairs & futures that I couldn’t place a buy/sell stop order within a certain distance from recent price.(not to be mistaken with the default spread distance). There is a discussion regarding this topic on website: http://www.100forexbrokers.com/broke...ce-requirement
Hi Csabee,
That’s a very good questions.
The Stop & Limit order levels are different for most currency pairs and futures. To get the exact Stop & Limit levels for each instrument, please follow these steps:
1) Log into your TDFX MT4 platform.
2) Right click on “Market Watch” with your mouse.
3) Select “Symbols.”
4) Select the instrument of your choice.
5) Click “Properties” and then view the “Stop Level.”
Regarding the discussion taking place on 100forexbrokers.com… I have read the introduction to the thread, and although most of the information is valid and informative , there is one point that is not entirely correct, at least not in Tadawul FX.
“When a trader opens a position, the initial spread is paid. When a trader is required to place a stop at a certain minimum distance, he is, basically, asked to bid another X amount of pips which cannot be claimed back.
Should a trade go wrong, a trader will not be able to close a position sooner than after a minimum required distance, meaning that a loss on each unprofitable trade cannot be smaller than X amount of pips.
(When a trade was placed by mistake, which could happen, the cost of closing such trade will be again no less than X amount of pips.)
At Tadawul FX, you can cancel the Stop & Limit order at any time. Whether you trade with an EA or manually, you can always cancel or close the Stop & Limit orders manually.
Hope that helps?
Kind Regards,
