Modifying Pending Orders in the Trader Contest

How are my pending orders calculated if I change my initial TP or SL? For example say I have a target of 1.40 for the Euro and my stoploss is at 1.3700. The EUR/USD gains to 1.3950 and I decide to increase my take profit to 1.4050 and place my stop higher to 1.3900. What happens if prices hits my modified take profit/stop loss? Will I still get the full 50 count or will I be penalized for changing the TP/SL during the trade?

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Answers: 4

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1. You must enter your positions using pending orders and exit them using SL/TP orders.

2. You must NOT enter or exit your positions using market orders.

3. Make sure you don't get a margin call, because then your positions will be closed using market orders. Watch "Use of Leverage" indicator carefully. It is found on the statusbar at the bottom of JForex platform. You get margin call when "Use of Leverage" hits 200%.

4. Make sure that "Use of Leverage" is less than 60% before over-the-weekend leverage (1:30) comes into force. That usually happens on Friday at 18:00 GMT, unless noted otherwise by Dukascopy. See: https://www.dukascopy.com/swiss/english/forex/forex_trading_accounts/margin/

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14 Oct. 2015 by

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Until you do not close any order manually, your order will be counted with full order quality that means you are eligible to get 50 points on order quality. But other condition is that order should not closed by margin call.

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3 July 2014 by

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There is no penalty for modifying stop loss or take profit.

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15 Nov. 2015 by

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Влияет ли на качество открытие сделки ? если я буду открыватся по рынку, а закрыватся по SL|TP у меня будет 50очков или надо и открыватся отложеными ордерами и закрыватся отложеными ордерами ?

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5 Feb. 2016 by

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