Slippage Problem with pending orders

[MS_fxDreema]

Dear FXDreema Users, would be great if someone of you can help me.

I have a problem with pending Orders opening with to much slippage. I can show you the problem on base of the today XAU/USD market.
I had a pending sell stop order on 2329.20 with take profit on 2324.00. Due to the news release there was a big price gap and my position opened with slippage on 2325.36 and was closed in take profit on 2324.73.

Ist there a possibility to set the take profit after the opening of the pending sell stop order.
At the moment the take profit is calculated by the EA and set automatically when the sell stop order is placed.

The Idea is that the take profit is set right after the pending position opens so that I have the right distance from the opening price. It must go very, very fast, because of the fast movement of the market after a news release.

Any Idea to resolve this problem?

Thanks and kind regards
Markus

[jstap]

I think the broker, and news is causing trouble, even large prop firms ensure people don't trade news the broker will only have a certain number of traders to buy/sell a position to. And there is too much chance the trade won't work as expected.

[MS_fxDreema]

Yes I know that, but these pending orders are my „Security Positions“ and therefore I have to ensure that it works well. It is not a problem when the pending order opens with slippage. The problem is only if the take profit is set to near from the opening price. The take profit should have the same slippage like the pending order. If anyone know how to do this, would be great

[jstap]

I have never done this, but if you record the pending open price in a variable, then - the trade open price (high - low), you will get the point distance value, then use this to modify the TP.

[l'andorrà]

@MS_fxDreema You can program the pending order without any TP and then use it as soon as the real trade is open, wherever it is. You can do that through the purple 'on trade' tab blocks.

[pips 0]

very useful but how exactly do you do that if you don't mind me asking.

[MS_fxDreema]

@l-andorrà, thank you very much. Will do so

[l'andorrà]

@pips-0 I mean something like this:

https://fxdreema.com/shared/GIPGd1ohe

[pips 0]

@l-andorrà thank you so much