Dear all, my question is the following: my charts run on "middle price". Let's assume the spread between bid and ask is "2". Let's say i want to place a long order now at Level 12000, SL at 11000 and Take Profit at 13000. Would these by the correct orders: Order: 12000+1 SL: 11000-1 Take-Profit: 13000-1? Best, excalibur
No. Normally, your stop orders are triggered by the last deal traded and not by the best bid or ask. So your SL at 11 will be triggered when 1 lot trades at this price or lower.