If you place a pending purchase cease order with a set off worth that’s delicate to the bid-ask unfold, it is attainable for the order to be triggered even when the chart doesn’t replicate the value reaching the extent you specified. This may occur when the ask worth reaches the set off degree, however the bid worth doesn’t attain the identical degree. If this happens and there’s no detection of an open place, your EA might try to open one other pending purchase cease order on the identical degree. This may end up in a number of orders being opened, which may result in undesirable trades and potential losses.

To forestall this problem, you possibly can program your EA to verify for open positions on the worth degree of the pending order or evaluate historic positions to forestall opening an order on the identical worth degree. This can assist make sure that your EA isn’t opening a number of orders on the identical worth degree and forestall undesirable trades.

One other manner to enhance this example is to make use of a Uncooked Unfold dealer that provides tight spreads, which can assist enhance the accuracy of your evaluation. Tight spreads imply that the distinction between the bid and ask worth is small, making it simpler to precisely decide when the value has reached the set off degree to your pending order.

It is also vital to fastidiously evaluate your buying and selling methods and monitor the market carefully to make sure that your orders are being executed as supposed.

In abstract, when inserting pending purchase cease orders, it is vital to pay attention to the bid-ask unfold and the potential for orders to be triggered even when the chart doesn’t replicate the precise worth degree. By checking for open positions, utilizing a Uncooked Unfold dealer with tight spreads, and monitoring the market carefully, you possibly can assist make sure that your orders are being executed as supposed and keep away from undesirable trades.

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