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How Do You Execute Limit Orders?

(Buy limit, Sell limit, and Take profit)

Our MT4 server is configured so that all limit orders (both enter and take profit) are configured to be market orders once triggered.

This means that the limit order triggers as soon as the price reaches the limit order but then it is executed as a market order and may receive slippage both positive and negative.

The reason our system is setup like this is because it increases fills on triggers and reduces the number of partial fills received.