What is an Invalid Stop Loss (SL) or Take Profit (TP)?

Some of the most common reasons for an invalid Stop Loss and Take Profit include: Stops are too close to the opening price. Stops must be placed 2 pips away from the entry price. Stop levels are incorrectly formatted e.g. too many figures/decimal places. You may be trying to set your SL or TP level in the wrong place in relation to the current market price.