Invalid SL/TP error is an error that occurs in the trading terminal when trying to place a pending order and can happen for any of the following reasons. Check out our tips to fix this error.
1. Follow the stop level
One of the most common reasons for an invalid SL/TP error on the platform is due to placing a pending order within the spread. Be sure to keep track of the current shutdown and spread when setting up a pending order.
2. Choose the right pending order
Make sure you are using the correct pending order type as they work differently. As a result, errors can occur if you use the wrong pending order.
Here is a short guide on how to set a pending order price (when opening an order):
| Pending order | Price direction |
| Buy Stop | Set above the current asking price |
| Sell Stop | Set below the current bid price |
| Purchase limit | Set below the current asking price |
| Sales limit | Set above the current bid price |
Example: For the price 1.20042/1.264, the first price is the purchase price and the second price is the sell price. Learn more about buy and sell pricing.
3. Confirm the correct setting of stop loss and take profit (SL / TP)
Stop loss and take profit must be set following the type of order (buy or sell) at closing and the pending order selected.
Take profit
Take profit is a pending order set with the expectation that the price will go up. This order will close automatically when the set profit level is reached.
Stop Loss
The stop loss is a pending order set with the expectation that the price will fall. This order will close automatically when the set loss level is reached.
Depending on the type of order selected and the pending order, follow the instructions below:
| Order type | Pending order | Price direction |
| buy | Stop Loss | Set a value lower than the price of the current offer |
| Take profit | Place a seat above the current bid price | |
| sell | Stop Loss | Set a value higher than the current selling price |
| Take profit | Tax lower than the current selling price |
Example: For the price 1.20042/1.264, the first price is the purchase price and the second price is the sell price. Learn more about buy and sell pricing.
Please note that since Stop loss and Take profit can be made at any time after opening an order, the expectation of profit or loss should be based on the current price when the pending order was placed and not on the open price of the order. You can close an order with a take profit but still suffer a loss because you take Profit at a price lower than the open price. The same applies to Stop loss orders.
