Whenever a pending order is set up, the desired price must be set at a minimum distance from the current price. This distance is known as the stop level, and it is important to follow it to place pending orders, take profit, and stop loss successfully.
Stop levels by pending order:
The stop level requirements are based on the type of pending order set.
| Pending order type | Stop level requirement |
|---|---|
|
Buy limit |
below current ask at -1 point |
| Sell limit | above current bid at +1 point |
| Buy stop | above current ask at +1 point |
| Sell stop | below current bid at -1 point |
We do not have stop levels for most of our clients. The stop level values in the table above, values on instruments, and statistics on the Exness website are subject to change. It may not be available for traders using specific high-frequency trading strategies or Expert Advisors.
Aside from the stop level requirements, there are some important rules to consider:
- Pending orders in which the take profit and/or stop level are the same as the current price cannot be set.
- Buy stop and sell stop cannot be set within the spread due to limitations inherent in the trading terminal.
- Stop loss cannot be set within the spread.
- Buy limit, sell limit, and take profit can be set within the spread.
Pending orders may result in slippage in some cases; we recommend learning more about the slippage rule to avoid experiencing slippage.