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Home >> AXITRADER >> What is an Invalid Stop Loss (SL) or Take Profit (TP)?
What is an Invalid Stop Loss (SL) or Take Profit (TP)?
Source:https://support.axi.com/hc/en-us/articles/4403609910041-What-is-an-Invalid-Stop-Loss-SL-or-Take-Profit-TP- | Author:finance-102 | Date2024-01-03 | 839 Views | 🔊 Click to read aloud ❚❚ ▶ | Share:
A stop-loss is an order placed with a broker to sell an asset when the price falls below a certain point. A stop-loss can be used to protect profits, limit losses, or both.

A stop-loss is an order placed with a broker to sell an asset when the price falls below a certain point. 

A stop-loss can be used to protect profits, limit losses, or both.


A take profit is an order placed on a trading platform to automatically close out a position when it 

reaches a certain level of profit.


Some of the most common reasons for an invalid Stop Loss and Take Profit include:


  • Stops are too close to the opening price.

  • Stops must be placed 2 pips away from the entry price.

  • Stop levels are incorrectly formatted e.g. too many figures/decimal places.

  • You may be trying to set your SL or TP level in the wrong place in relation to the current market price.


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