Stop loss and take profit orders can sometimes be filled at prices different from what you set due to market conditions. Here are the main reasons:
Market volatility:
In fast-moving markets, prices can change rapidly, causing orders to be executed at the next available price, which may differ from your set price.
Gaps in the market:
During times of low liquidity, such as over weekends or during significant news events, the market may "gap" from one price to another, bypassing your stop-loss or take-profit levels.
Liquidity:
If there are not enough buyers or sellers at the exact price you've set, your order will be filled at the next available price.
Order type:
Market orders, stop loss orders, take profit orders are executed at the next available price, while limit orders (like buy limit and sell limit) are filled only if the exact price is reached. This difference in order execution can also affect the final price.
Why are the take profit (T/P) and stop loss (S/L) prices not visible on the chart?
There are several reasons why the take profit (T/P) and stop loss (S/L) prices may not be displayed on the chart:
Chart settings:
The chart settings might not be configured to show T/P and S/L lines. Check your MT5 settings under "tools" - "options," navigate to the chart tab, and ensure that "show trade levels" is enabled.
Price distance:
If the T/P or S/L levels are set far from the current market price, they may be outside the visible range of your chart. Try zooming out, changing to a larger timeframe, or adjusting the chart price ratio to see a broader price range.
Product differential:
Ensure that the chart you are viewing matches the exact product name.