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Hi Titaolin, you don`t even have to set a stop/loss or take/profit to place a pending order, you might do it later."According to some platforms" you just can`t place a buy limit or a buy pending order above of the market price, you may place it only, below of the market price. Conversely is also true,.You may place a pending sell order above the market price but you can`t place a short or sell pending order below the market price.Besides, open price you set must differ from the market price by at least 30 pips in most of the broker features. I hope it helps.

Author: jrthenew

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