Question on limit orders and spreads

Hi everyone!

Lets say I want to place a buy limit order so that when price hits 9.1380, I would also need to take the spreads into account. If the spread is 20 pips, then I would need to enter buy limit @ 9.1360. Is that correct?

Attached below is a screenshot of my order not being trigger. It's on demo.

Buy Limit: 9.1387
Spread: 40

Low: 9.1603
Therefore, entry does not get triggered.

--> Price needs to drop to 9.1347 for my order to get triggered. Is that right?

Let me know if it's unclear. I would like to apologize for my poor English. Thank you!

Hi ken.b,

Remember that buy trades enter on the Ask price and sell trades enter on the Bid price.
Consequently, buy trades exit on bid price (because to exit a buy, you need to sell), and sell trades exit on ask price (because to exit a sell, you need to buy).

So, for example, if you want price to buy @ 9.1360, and the spread is 2 pips, then set the buy limit @ 9.1362.

Hi Coffee.lover,

Thank you for the clarification. Now I'm clear.

You are very welcome!