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.
CFD orders are executed according to “market execution” technology. The detailed description of execution for each type of order is available below.
The market order will be executed at the best market price available at the moment of execution. Thus, there might be slippage between the price at the terminal and the price of execution. The slippage may be profitable for you.
The stop order will be executed at the best market price at the moment when the price reaches the stop order level in MT4. Thus, there might be slippage between the price at the terminal and the price of execution. The slippage may be profitable for you.
Once the price reaches the limit order level in MT4, a request for the order execution is transmitted to the system. Please note that if you use a limit order, you will never get a price worse than the one that was stated in your order i.e., you will either get your order executed at the requested price or at a better price.
Pending orders or T/P and S/L orders can be placed not closer than one spread per instrument.
Modification and removal of T/P and S/L orders as modification or close of any pending order will be rejected if the market price is one spread close to them.
Those positions that were not closed by the client himself before the expiration of the contract for difference will be closed by the dealers at the latest available quote of the expiration day not later than Monday of the week following after the expiration of the contract.
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