delaGhetto wrote:
Hi,
i don't fully understand this rule:
Quote:
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". E.g. Limits for AUD/JPY=(EUR/USD Points/AUD/JPY Points)*2%=1/1.74*2=1.15%; for EUR/NOK=(EUR/USD Points/EUR/NOK Points)*2%=1/0.17*2=11.76%, etc.
Is this mean that i can't set to big SLs and TPs? which exceeds 2% change of currency rate? so for example i can't set TP for EUR/USD bigger than 2% * 1,4087 = 0,02817 so 281 pips?
could clearify this issue for me?
Yes, you understood the rule correctly.
You do not have to calculate it before every trade, though. An automatic validation is built in the platform. You will see a warning message if you try to create an order violating those requirements.
