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Take Profit Function Not Working Properly?
 Post subject: Take Profit Function Not Working Properly? Post rating: 0   New post Posted: Tue 01 Feb, 2011, 09:29 

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I have put a SHORT trade on AUD/USD and take profit priced at 1.00287, however it did not automatically take profit when actual tick hits exactly at 1.00287.

The time displayed in JForex platform is 08:14:22 when the issue occured.


 
 Post subject: Re: Take Profit Function Not Working Properly? Post rating: 0   New post Posted: Tue 01 Feb, 2011, 10:34 
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Joined: Wed 21 Apr, 2010, 10:42
Posts: 1167
minirap wrote:
I have put a SHORT trade on AUD/USD and take profit priced at 1.00287, however it did not automatically take profit when actual tick hits exactly at 1.00287.

The time displayed in JForex platform is 08:14:22 when the issue occured.


The situation you are referring to is normal for a real market execution. It is absolutely possible that a TP does not get filled when the price reached the indicated level for only 1 tick. Please familiarize with the description of order execution process available in our Wiki: https://www.dukascopy.com/wiki/index.php ... _Rejection

The main reasons are that there are numerous order awaiting for execution at every specific level and every of those needs time (although, milliseconds) to get processed amidst conditions of limited liquidity. That is why 1 tick may not be enough to fill all the orders.


 

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