USD/MXN order

When i buy Usd/MXN i always get some error mesage.
It only works in market order. My Stop loss is 18,44 and takeprofit 18,53 or 52. Where do i make error?
The same is with usd/zar.

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al_dcdemo avatar

What is the error message saying?

orto leave comments

Answers: 4

Best Answer

1. JForex platform for Trader Contest allows only one order per instrument and five orders in total. Make sure you meet these requirements.

2. USD/MXN and USD/ZAR instruments have a wide bid/ask spread in pip terms. Make sure your SL and TP are set outside of the spread or else your order could end up closing immediately after it's filled.

3. If your order gets rejected then too low value of slippage parameter could be the reason. Set your slippage parameter to a greater value.

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19 May 2016 by

orto leave comments

I use wide TP and SL. Because the price (pips) too much "jumps" .

I think the problem is in slippage i normally use 5 pips , but i think it´ s not enough. How to count it?

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20 May 2016 by

al_dcdemo avatar

If your order is rejected then, yes, slippage could be a problem. Set your default slippage to a greater value.

Peggy37 avatar
Peggy37 20 May

And how to count it to optimal Value?

al_dcdemo avatar

Actually, you can leave your default slippage as it is and use slippage parameter on per-order basis just before you submit an order. Optimal value depends on what is more important to you: that the order gets filled or that it is filled with as little slippage as you would like (with risk of order rejection).

orto leave comments

Hi,

"When i buy Usd/MXN i always get some error message."

Error message should pin point what is wrong with order, you need to make change to this part of the order.

Can you show error message or print screen with message?

Regards

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22 May 2016 by

Peggy37 avatar
Peggy37 22 May

I don ´t remember, it ´s very long, not working bid <  order, only in market.

orto leave comments

I would say slippage>100 and try not to order on high volatility period. Otherwise - slippage between 500-1000. Suprisingly, my order on USDMXN worked well without changing any settings on real acc, so maybe it was just the time of the order.
Also remember, to have serious SL on that one, IMHO not the best pair for contests- unless something really important happens in Mexico.

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3 July 2016 by

Peggy37 avatar
Peggy37 3 July

Thanks!

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