In the MetaTrader 4 trading system, in construction of price charts, both the
maximum price (High) and the minimum price (Low) are taken at Bid price.
Rules for running and executing deferred orders
Acceptance of and changes in deferred orders may be terminated 3 minutes
before THE release of significant macroeconomic figures and important political
or economic news.
The minimum distance for which it is possible to place pending orders
or place T/P and S/L orders is equal to the spread per instrument. The minimum
distance for S/L orders may be increased up to 10 spreads 10 minutes before
closure of trades and 10 minutes before the release of significant figures
of macroeconomic statistics and important political or economic news. Thirty
minutes before closure of trades, the level for S/L orders is increased to 25
spreads. This rule applies also to the opening of market and pending orders
with a pre-determined S/L value, falling within the range of 10
(25) spreads.
The MetaTrader 4 software does not allow one to separately modify T/P and S/L
values. The MetaTrader 4 program does not allow one to separately change stop
loss and take profit orders. Hence any attempt to modify take profit,
if there is a pre-determined stop loss order, and if it (the stop
loss) is within the range of 10 spreads, will be blocked automatically.
If the market price moves close to the values of T/P or S/L orders, or the
opening price of a deferred order within a distance of 2 points, the program
will automatically prohibit any modification or removal of such orders.
Execution of orders if the market opens with a gap or a gap occurs during
the day
If the market opens with a gap or a gap occurs during the day (it generally
happens after weekends or holidays, upon release of significant macroeconomic
data, economic or political news, or in the event of Force-Majeure
events), orders are executed as follows:
Take Profit (T/P) orders are executed at stated prices;
Stop Loss (S/L) orders are executed at stated prices;
Stop Loss (S/L) orders set for lock positions, are executed at first
market prices;
Limit orders are executed at stated prices;
Buy Stop and Sell Stop orders for position opening are executed at first
market prices.
Margin Requirements
If at any time Equity (current balance including open positions) is equal
to or less than 20% of the margin (collateral) occupied by open positions,
a dealer is entitled at their discretion to close one or all open positions
in order to meet margin requirements.
Margin requirements may increase 0.5% to 2% on weekends and holidays (i.e.
maximum leverage is 1:50 for that period). By the closing of trades a customer
is obliged to bring their open position in line with increased
margin requirements.
