• bseve
  • New member
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  • Registered: 2009-12-31
  • Posts: 2

Topic: Stop loss problem with Alpari

Hello,

When I use FST with Alpari broker, the stop loss sent to metatrader is divided per 10.
For example, if my strategy as a permanent stop loss of 100, it will create an order with a SL of 10.
???

Regards

  • Popov
  • Popov
  • Lead Developer
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  • From: Bulgaria
  • Registered: 2006-11-30
  • Posts: 8,014

Re: Stop loss problem with Alpari

Hello bsave,

Stop Loss works just fine at Alpari. See the screen shot.


http://s2.postimage.org/1DXUrA.jpg


Alpari quotes 5 digits for EURUSD. 1 pip is 0.00001

If the current quotes are:
Bid: 1.43228
Ask 1.43244

And you enter long with SL of 100 pips at Ask (1.43244) you have:

Stop Loss = Bid - 100 pips = 1.43228 - 100 * 0.00001 = 1.43228 - 0.001= 1.43128

For short position you enter at Bid = 1.43228

Stop Loss = Ask + 100 pips = 1.43244 + 100  * 0.00001 =1.43244 + 0.001 = 1.43344

Popov's Website

  • bseve
  • New member
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  • Registered: 2009-12-31
  • Posts: 2

Re: Stop loss problem with Alpari

Hello,

I was trying different broker, and I didn't notice Alpari works with 5 digits.

Thanks