MT4 Bug?

Hey there. The last trade I did I sold on the EUR/USD. My candle showed that it was under the line where I made the trade and close to my TP. On the task bar down the bottom however showed I was at a loss saying I was - 5.50 when I should of actually made profit? The candle ended up hitting my TP and I ended up losing money instead of profiting?? Can anyone explain? I'm still learning a lot so please don't be to critical.

I think that happens most likely because of the Spread. If you go with the curser over the TP Line it shows you the TP in Dollar (money) and pips. It should be positiv. Negativ is possible even if the prize is under (short Trade) or over (long Trade) the Orderline because of the Spread. I´m sorry that this happens to you. Hope this could help

MT4 charts are Bid charts (I'm presuming you're using MetaTrader). That means the price you see is the Bid.

If you want, you can manually turn on the Ask line in Chart Properties (press F8) which will show a second line above the Bid.

 

1. Sells are closed at the Ask.
2. Buys are closed at the Bid.

In your case, you had sold the EU. This sell order would be closed at the Ask. The Ask line is not shown by default but it would have been above the Bid line that you could see.

In brief: the Bid was below your entry but the Ask was above your entry. This is why it closed in negative.

The bigger the spread, the bigger the difference between these 2 lines.

Awesome, thanks for that info Heres my chart now. Got that bright green line