Your stop loss (S/L) and take profit (T/P) orders will only be activated when the market price reaches the specified level.
For buy positions: The S/L activates based on the bid price. The T/P activates based on the bid price, which is higher than the bid price displayed on the charts.
For sell positions: The S/L activates based on the ask price. The T/P will also be activated when the ask price reaches the target set price.
Keep in mind that MT5 price charts display bid prices only. The ask price is the bid price plus the spread. Especially for sell orders, even if the chart shows a price that seems to hit your target, the actual ask price may not have reached it yet, preventing the execution of your S/L or T/P orders.
Why did my order close beyond the specified stop loss (S/L) price or take profit (T/P) price?
Orders may close beyond the preset stop loss (S/L) price or take profit (T/P) price due to market conditions and slippage. While these orders are designed to limit losses and lock in profits, please note the following:
Stop loss: A stop loss is intended to limit losses, but during periods of high volatility, low liquidity, or if there are not enough buyers or sellers at the specified level, the expected S/L price may not be available. As a result, your order may close at a less favourable price than expected.
Take profit: A take profit is designed to attempt to lock in profits when the market reaches a specified price. However, if the market doesn’t reach your preset T/P price or moves slowly, the order may close at a different price than anticipated. Factors such as high volatility and low liquidity can affect execution. In some cases, if the market has a better price available when the order closes, this is considered positive slippage.