Whenever a pending order is placed, it is necessary that the desired price is set at a minimum distance from the current price. This distance is known as the stop level, and it is important to respect it for the successful placement of pending orders, as well as for setting take profit and stop loss .

                                        Stop levels by pending order:

In addition to the requirements for the stop order level, there are several important rules to consider:

Pending orders with a take profit and/or stop level that coincides with the current price cannot be placed .
It is not possible to set Buy Stop and Sell Stop within the spread due to limitations built into the trading terminal.
Stop Loss cannot be set within the spread.
Take Profit can be set within the spread.

Slippage Rule

The Slippage Rule is a security protocol enabled on trading account types that aims to mitigate the impact of slippage.
This protection is weakened when traders frequently place stop orders at prices very close to current prices and/or frequently modify these stop orders to stay close to current prices; this is especially true in volatile or abnormal market conditions. Please note that the Slippage Rule may become limited for orders that approach stop orders in this way.

In rare cases, even higher stop levels, up to 3 times the average spread of the trading instrument, can be entered, which leads to automatic rejection of orders and changes by the trading platform. We recommend monitoring market prices using market execution and/or instant execution as the best way to open an order at a market price.

Examples of pending orders
Current price: 1.20000/1.20006

A buy limit without take profit and stop loss can be set below 1.20006, but not higher.

A sell limit without take profit and stop loss can be set above 1.20000, but not lower.

A buy stop order without take profit and stop loss can be set above 1.20006, but not lower.

A sell stop order without a take profit or stop loss can be set below 1.20000, but not above.

A take profit can be set between 1.20000 and 1.20006, but not at 1.20000 or 1.20006.

A stop loss cannot be set between 1.20000 and 1.20006, or at 1.20000 or 1.20006.

If you receive an invalid SL/TP error or the buy/sell button is grayed out, it is likely that the stop level requirements are not met as outlined above.

                                 We wish you successful trading with ArtCap !