Problem you should be aware of with MT4

#1
A couple of Sunday's ago, the EURUSD gapped down on the open. I was short with a "Take Profit" somewhere between the last price and the open. I got filled at the price in my order which was a total screw job. My broker showed me the paragraph where I had allowed them to do this. Since the broker has the other side, unlike futures and stocks, I suppose they have to capture every tick.

The only solution that I can think of is to cancel your "Take Profit" orders just before the close on Friday since I also found out the next Sunday that they don't accept orders until the market is open.

In Range Trader with all these open orders, you could sure end up with a lot of positions with a big opening gap.

My broker is Alpari(US).
 

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