Why did my order close beyond the specified stop loss (SL) price or take profit (TP) price? – Vantage

Orders may close beyond the preset stop loss (SL) price or take profit (TP) price due to market conditions and slippage.

Stop loss: A stop loss is meant to limit losses, but if the market moves too quickly, the expected SL price may not be available. This can happen during high volatility, low liquidity, or if there are not enough buyers or sellers at that level. As a result, your order may close at a less favorable price than expected.

Take profit: A take profit is designed to secure gains, but if the market doesn’t reach your preset TP price or moves slowly, your order may close early. Factors such as high volatility and low liquidity can affect execution. If the market has a better price available when the order closes, this is considered positive slippage.

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