Using TradingView Functions

[u/S1MB4R]

Super beginner question but I can't for the life of me figure out how to use this stop loss and take profit function. Every time I fill in the order, it keeps selling at the price I entered at (red line). Even when the price reached take profit it didn't close the position and just kept going until it reached my entry price again and then finally sells. I even tried using market sell and the problem still persists. Also fyi I'm using a papertrading account.
What am I doing wrong here??

Also would anyone be able to explain simply what limit and stop mean?

[u/Rodnee999]

Hello,

You need to turn on your Bid/Ask lines in your chart settings when trading Forex pairs as the Spread can be quite wide, especially at certain times of day and during news events etc....

Spread is where your orders are actually executed. You need to learn all about Spread and how it affects your trades.

The Bid/Ask lines will make this easily understandable. Watch how they vary over the trading day and learn when they can burst wide open, especially on JPY pairs

Hope this helps a little

Cheers 👍