Invalid stop loss or take profit
Invalid stop loss or take profit is an error in MT4 that appears when traders set stop loss or take profit values too close in relation to the current market price or in the wrong place. The price distance between stop loss and current price or take profit and current price needs to be properly set. Sometimes traders put stop loss or target values outside the correct parameters range for that particular instrument.
Case 1:
Traders put stop loss above the curent price for BUY trade.
or
Traders put target belwo the curent price for BUY trade.
This is an example when a trader made mistake, but the wrong value of the price.
Case 2:
Traders put a stop loss below the curent price for BUY trade only 2 pips below.
or
Traders put target above the curent price for BUY trade only 2 pips above.
This is an example of Invalid Stop Loss or Take Profit because price value was too close to the current market price.
