Why was a stop order sent (instead of limit order)?
Why was a stop order sent (instead of limit order)?
16 Aug 2020, 20:51
Hello support,
Here is the information regarding my issue:
- I used the DRAG & DROP order. As I placed a buy order clearly below current prices, my understanding is that a LIMIT order should have been placed.
- However, a STOP order was sent and therefore executed at a much higher price (please see below).
- I am using a Demo account (Pepperstone).
- The order was executed 1 ms after it was sent (please see below), so basically instantly executed.
- I am using tick charts (the trade was placed in a 150-tick chart).
I can't understand why a STOP order was sent, as prices were clearly above already for some time (several ticks) before my order was sent. This can be seen in the 2-tick chart (please refer to the first image). In my understanding, since I was using Drag & Drop, the platform should have automatically chosen to send a LIMIT order.
Thank you very much for your clarifications and assistance.
Kind regards.
Replies
guspiccinini
17 Aug 2020, 09:07
RE:
Good morning Panagiotis,
Thank you for your reply. I has happened twice so far. I will see if I can record it.
Kind regards.
@guspiccinini
PanagiotisCharalampous
17 Aug 2020, 09:00
Hi guspiccinini,
Can you reproduce this behavior consistently? If yes, can you record a video demonstrating this behavior? We tried several times to reproduce this without success.
Best Regards,
Panagiotis
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