Where does your broker limit you?
Spread Matters – StopLevel Matters – Pips Matter
What is Spread?
The difference in Bid and Ask price. It is the upfront Cost to enter your position into the free market + commission ( Fees associated with trading at an ECN Broker ).
What is Broker’s StopLevel?
This distance in pips that your Stop/Limit Orders must be away from current market price. The idea behind this limitation is to prevent you from locking in a Free trade by moving your stoploss to BE+1 after your trade moves into profit more than 1 Pip. Most brokers require your trade to be in profit by several pips before you can move your Stoploss to Breakeven + 1 pip. Another reason for this limitation is to prevent straddling price volatility similar to Spike Fading ( Million Dollar Pips strategy) and news breakouts. Therefore, many brokers require you to place your pending orders several pips away from the current market price. This limitation ( stoplevel) also prevents submitting a Takeprofit level smaller than the stoplevel value.
Coding in MQL
MarketInfo(Symbol(), MODE_STOPLEVEL)




