Two MT4 questions

[julianj]

hi all,

1) On the MT4 order tab it has a box Enable Maximum Deviation from Quoted Price.

I think that is so if price is moving while you place an order you don't get requoted if you have set this. Am I correct? If so how many pips do you recommend setting this?

2) Strange thing happened today, I am doing a demo trade AUD/USD and I cant Close or Modify or Delete my order they are both greyed out.

Any thoughts? The aussie is near my entry point, but I think I have closed orders this close before.

[raa]

Julian, Max Dev is simply a max slippage you allow, just as you said. It is a slippage between the price you have seen on screen when button is pushed and price available at the moment of order processing. If you are no trading spikes and news, normally you don't need to enable it on 4-digit platform, and for 5-digit you can set to 2-3 piplets, but in most cases I have it disabled and it works.

[julianj]

Thanks Alex.

On Q2 I rebooted MT4 and could move my stop and TP, now its greyed out again. I hope this isn't going to happen on a live trade.

[cunicu]

Thanks Alex.

On Q2 I rebooted MT4 and could move my stop and TP, now its greyed out again. I hope this isn't going to happen on a live trade.

Some brokers set a min distance from price for modifications usually about the same as the spread.

I have seen it as high as 10 pips though.

Cheers

[julianj]

Interestingly I have worked out why USD/Gold is not appearing on my charts now. I have a micro account with Alpari and you only get 29 pairs, which excludes exotics and gold and silver. BUT on demo you do get more pairs - so when I trade on demo it's there and if I go back to live it disappears (but not for a while). At least I now know why.