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Author Topic: Notice for Alpari UK client (maybe relevant to other brokers too)  (Read 3450 times)

Offline timheyes

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  • "Simples!"
I've just queried a trade with Alpari UK which closed because of hitting my stop loss (trailing stop).

In the MT4 drop down menu for trailing stops the units are "points" i.e. 1/10 of 1 pip.

If you click "custom" you get a pop-up window which allows you to enter a custom value. The written units on the pop-up window are pips. The actual units are points. Therefore, if you use pips as I did, your trade will stop out a lot sooner than you were expecting.

I'm not sure if other brokers platforms have the same error.

When setting trailing stops in the custome pop-up menu type in the stop value in points not pips.

Tim

Offline shaunfx

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Re: Notice for Alpari UK client (maybe relevant to other brokers too)
« Reply #1 on: June 18, 2009, 01:54:09 PM »
If your broker is 5 digit like Alpari, amd you want a ts of, say 15 on the fourth digit, you need to set it as 150.

 

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