Facturing in Spread in Order Placement

E

excaliburtb

Dear all,
my question is the following: my charts run on "middle price". Let's assume the spread between bid and ask is "2".

Let's say i want to place a long order now at Level 12000, SL at 11000 and Take Profit at 13000. Would these by the correct orders:

Order: 12000+1
SL: 11000-1
Take-Profit: 13000-1?

Best,
excalibur
 
excaliburtb said:
Dear all,
my question is the following: my charts run on "middle price". Let's assume the spread between bid and ask is "2".

Let's say i want to place a long order now at Level 12000, SL at 11000 and Take Profit at 13000. Would these by the correct orders:

Order: 12000+1
SL: 11000-1
Take-Profit: 13000-1?

Best,
excalibur
More...
No.

Normally, your stop orders are triggered by the last deal traded and not by the best bid or ask. So your SL at 11 will be triggered when 1 lot trades at this price or lower.
 
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