Why is my trade closed, since the Market hasn't reached my SL?

It's important to understand that the prices shown in charts are indicative and should not necessarily be treated as tradable prices. Our charts, like most platforms, are drawn based on the BID price movement, which can cause confusion since the ASK price is not visible.

Why This Matters:

• Sell Orders: These open at the BID price and close at the ASK price.
• Traders often wonder why their trades executed at a price that cannot be seen on the chart at the time of execution. This is usually due to the spread (the difference between the ASK and BID prices).

Example:

• A Sell position on EUR/USD was opened at 1.22084 (Blue Cross) with a Stop Loss at 1.22321 (Red Line).

• The trade closed due to Stop Loss, but the highest price visible on the chart at the time of execution was 1.22310.
• Charts only display the BID price movement. The price of 1.22310 was the highest BID price at the time.
• By adding an average spread of 1 pip, the ASK price would be 1.22320, explaining the trade closure.

MT4 Charts

• MT4 chart prices are raw prices, excluding any mark-up(s).
• This does not affect trade execution but can create confusion.

Example:

• A Buy position on EUR/USD was opened at 1.22115 with a Stop Loss at 1.22015.
• The trade closed due to Stop Loss, but the lowest price visible on the chart at the time of execution was 1.22019.
• Charts do not include added mark-up. With an average mark-up of 0.4 pips, the actual BID price would be 1.22015.

Key Takeaways:

• Indicative Prices: Chart prices are indicative and not necessarily tradable.
• BID and ASK Prices: Charts display BID prices; ASK prices include the spread.
• Mark-Up: MT4 charts use raw prices, which can differ from actual execution prices due to mark-ups.

Understanding these nuances helps explain why trades might execute at prices not visible on charts, especially due to the spread and mark-ups.