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 Post subject: ruls Post rating: 0   New post Posted: Thu 02 Jun, 2011, 11:42 

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8.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.


What that mean?


 
 Post subject: Re: ruls Post rating: 0   New post Posted: Mon 06 Jun, 2011, 15:10 
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User rating: 8
Joined: Wed 21 Apr, 2010, 10:42
Posts: 1167
8 rul wrote:
8.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.


What that mean?


That means that you cannot set a SL or TP, which is more than 2% distant from the current market price.
That rule is meant to prevent traders from opening month-long positions with literally unlimited SL/TPs.


 

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