Automatic closure of open orders can be occurred by the following reasons:
- Stop out
- Stop Loss (SL) and Take Profit (TP)
The most frequent reason of orders closing automatically is stop out, which is the automatic closure of positions when the margin level of a trading account reaches its stop out level.
You can calculate the margin level and anticipate your stop out level:
Margin level = (Equity / Margin) x 100%
Stop Loss (SL) and Take Profit (TP)
Stop Loss and Take Profit are types of pending orders that can automatically close orders when an order hits a level of loss or profit defined by the trader.
SL and TP levels cannot be reached without being set by a trader.