What happens to a buy/sell limit order when market opens with a gap.
Let's say market closed for a certain pair at 1.2000 and I had a buy stop order placed for 1.2100.
After the weekend market starts at 1.2300 with a gap of 300pips. Do I get a 200 pip profit right away?
Llogic and common sense say so, but I am not too sure if this is what actually happens, I asked my broker thru their online chat, but they said they have to contact the liquidity provider.
I am with Hotforex.
Thanks in advance.
Let's say market closed for a certain pair at 1.2000 and I had a buy stop order placed for 1.2100.
After the weekend market starts at 1.2300 with a gap of 300pips. Do I get a 200 pip profit right away?
Llogic and common sense say so, but I am not too sure if this is what actually happens, I asked my broker thru their online chat, but they said they have to contact the liquidity provider.
I am with Hotforex.
Thanks in advance.
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