In the Mobius Trader 7 platform, it is possible to display Ask and Bid prices on a price chart.
Probably, every trader saw when buying a symbol that the take profit order does not work, although the price has already crossed the line by 1-2 points. Everything will become clear to you as soon as you put everything in its place in terms of Ask and Bid prices.
By default, only the Bid price is displayed on the price chart. But the process of buying a symbol is carried out at the Ask price.
The opening price is higher than the market price by the amount of the spread. As you can see, when you open buy order at the price of 1.17425, the order was opened taking into account the spread at the price of 1.17431. The spread for the EURUSD pair is 0.6 pips here.
When you sell at the Bid price, you will need to close the order at the Ask price.
This is the difference between buying and selling.
When you open a buy order, your Stop Loss will be triggered at the Bid price. Take profit, on the contrary, will work at the Ask price above the set level by the amount of the spread.
If you are trading in a terminal where the Ask price is not displayed, you can say that you are trading blind and do not see the real open price of the order.
Thus, we can conclude that this function of the Mobius Trader 7 terminal allows a trader to see at what price he will buy and sell, which in turn will help control risks and place orders correctly.
