Spread ignored for Sell orders

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serge
Posts: 2
Joined: Sat Jun 14, 2014 6:12 am

Spread ignored for Sell orders

#1 Postby serge » Thu Dec 10, 2020 7:54 pm

Hi there
Appears the FXT ignores the spread when processing Sell orders.
Here is an example of a Sell order. It was open and closed at exact prices I specified in the Market Order box, and and as I see my spread (1 pip) was not taken into account
FXT_sell_order.png
FXT_sell_order.png (37.77 KiB) Viewed 4808 times

To compare, here is a buy order with exactly the same TP value as the above Sell order. It was open with a 1pip gap above my buy open price, which is correct:
FXT_buy_order_open.png
FXT_buy_order_open.png (40.13 KiB) Viewed 4808 times

When the buy order was closed the profit was $10 (1pip) less than the sell order, which is also correct:
FXT_buy_order_closed.png
FXT_buy_order_closed.png (43.23 KiB) Viewed 4808 times

So we have 2 orders with the same TP distance in pips but different Profits in dollars, because the spread was not subtracted from the Sell order.
Am I missing something?
Thnx for your help!

FX Helper
Posts: 1311
Joined: Mon Apr 01, 2013 3:55 am

Re: Spread ignored for Sell orders

#2 Postby FX Helper » Fri Dec 11, 2020 4:11 am

Hello,

Thank you for the screenshots.

According to them Sell order is closed and BUY order is opened at a different Ask price, they are different by 1 pip.
That's why you have 1 pip difference.

When SELL order is closed, Ask price is 1.18900 (Bid price is 1.18890 in this case).
And when BUY order is opened, Ask price is 1.18909 (Bid price is 1.18899).

Which means that there is 1 pip difference between these two prices.

Please see the attached file from my Forex Tester, as you can see, profit values are the same for both BUY and SELL orders there.
Attachments
111.png
111.png (39.46 KiB) Viewed 4807 times

serge
Posts: 2
Joined: Sat Jun 14, 2014 6:12 am

Re: Spread ignored for Sell orders

#3 Postby serge » Fri Dec 11, 2020 8:21 pm

Ah, at a closer look I see that the FXT applies the spread immediately when the order is open, for both Buy/Sell orders
While my broker applies the spread for a buy order immediately when the order is open, but for a sell order only after the order was closed.
At the end the result is the same.
Thnx for the clarification!


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