Reply To: Engulfing candle entry points

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Rich FittonRich Fitton

Sorry Keith, didn’t mean to confuse you with the order ticket. You would need to enter the actual price you want the stop loss & take profit to initially appear at. Just put them at approx 20 pips for stop loss & maybe 40 pips for take profit, you’ll be adjusting them inside the next minute anyway. I’ve replaced that image with a straightforward example.

Yes, with market orders you won’t know your exact fill price until you’ve got your position. You can use the ‘Enable maximum deviation from quoted price’ checkbox if you like, you can set it so your order will not execute if the market moves by, say, more than 3 pips before you get your fill.