Certain pending orders, such as Stop Loss, Take Profit, and Trailing Stop, may only be executed if the instrument’s price reaches or surpasses the predefined Target Price during market hours.
On some occasions, these orders may be executed at a different price than your target if the market opens with a gap. In volatile or illiquid market conditions, orders including Limit/Stop and OCO (One-Cancels-the-Other) are not guaranteed, and there is a possibility that they are executed at a price different from what you specified in your order.
What is a market gap?
A market gap refers to the difference between the closing price of one trading period and the opening price of the next period. These gaps typically occur between trading sessions, such as overnight or over the weekend.