1. Chart prices default to the Bid price.
Due to the default settings of the MT4/MT5 platform, chart prices are based on the market's Bid price. If you open a Buy order, the execution price is the Bid price shown on the chart plus the prevailing spread. Similarly, when closing a Sell order, the execution price is also calculated based on the Bid price shown on the chart plus the spread at that time.
All candlestick prices on the chart (Open, High, Low, Close) are, by default, based on the Bid price.
2. Multi-tier liquidity mechanism.
KCM Trade employs a multi-tier liquidity mechanism. During periods of high market volatility or insufficient liquidity, the system will automatically route orders to Tier 2 (or deeper) liquidity to ensure timely execution under current market conditions. The MT4/MT5 chart only displays the best Bid/Ask prices from Tier 1 liquidity. This is why you may see your orders executed at prices that appear to be "outside" the price range displayed on the chart. The chart price is provided for reference purposes only, and actual execution is determined by the prevailing market liquidity at the time of the trade.
Additionally, if your trade size exceeds the available liquidity at a specific price level, the system may split the order across multiple price tiers, resulting in different parts of the order being filled at different prices.
