SL/TP & rules

The Take profit cannot exceed 2% of the open price for EUR/USD but It allows to modifie the TP in the diection of the trade.

Does the rule mean 2% max for the initial TP at The opening of the position ? or at the closing the price cannot be more than 2%?

Translate to English Show original

orto leave comments

Answers: 3

at the opening, the TP price can't exceed 2%, but if you have opened position and price went 100 pips in your favour you can adjust your TP price approximately by 100 pips

Translate to English Show original
5 Feb. 2014 by

orto leave comments

It means it's allow to close a position with a profit more than 2% of the price EUR/USD

Translate to English Show original
11 Feb. 2014 by

orto leave comments

This is the answer that I received recently from contest support:



Greetings,

From the Contest Trading Rules:

Take profit and Stop Loss levels should not exceed 2% from the opening price for EUR/USD. Limits for the rest instruments recalculating each settlement according to "Pip Conversion Schedule".

https://www.dukascopy.com/tradercontest/?action=contestrules&language=en

Translate to English Show original
12 Apr. 2016 by

orto leave comments
Please log in or register to post answer.