Weekend gaps and limit orders

If the E/U price closed at 1.10025 on Friday night and gapped up on Sunday open at 1.10308 and you had a sell limit set at 1.10049 before market open what would you expect to happen if using MT4 when the market opened?


a) Sell limit not activated.
b) Sell limit opened at 1.10308.
c) Sell limit opened at 1.10049.
d) None of the above.

You have 2 possibilities: order canceled by broker or filled at the first available price at market open.

It's certain that the order will be filled at the first price when market gets opened, i have rarely seen the order been cancelled by the broker, so this is really not the thing we will want to do.

Anyway the only important thing to understand is that the order won't be filled at the price defined before market closes on Friday.

Well the order was not cancelled, it was opened at c) Sell limit opened at 1.10049.

But after contacting the broker is was adjusted to b) Sell limit opened at 1.10308.