Short with higher t/p than entry? | Forex Factory

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Short with higher t/p than entry?

  • #1
  • First Post: Sep 17, 2012 8:37am Sep 17, 2012 8:37am
I'm shorting but put in a higher T/P. I thought a MT4 wouldn't allow this...?
Or am I crazy?

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Argue for your limitations, and sure enough, they're yours. Richard Bach
  • #2
  • Sep 17, 2012 12:52pm Sep 17, 2012 12:52pm
The current price is above the TP so it is fine. The entry price doesn't matter, just the current price.
  • #3
  • Oct 13, 2012 1:33am Oct 13, 2012 1:33am
The same is valid for Stop Loss, for example if you are going long and your order is in profit then you can set Stop Loss level which is above the execution price.
  • #4
  • Last Post: Oct 20, 2012 5:24pm Oct 20, 2012 5:24pm
It can be placed if you change your tp after making order to reduce the loss. But it is not possible during execution of the order.
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