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📉 Get Bid Price

Convenience method: retrieves the current Bid price for a symbol in one simple call. Essential for SELL order calculations and spread analysis.

API Information:

🔽 Input

Parameter Type Required Description
symbol String ✅ Symbol name (e.g., "EURUSD")

⬆️ Output

Returns: double - Current Bid price

What is Bid: - Price at which you can SELL - Lower than Ask price (Ask - Bid = Spread) - Used for closing BUY positions - Used for opening SELL positions

💬 Just the essentials

  • What it is. Current selling price for a symbol.
  • Why you need it. Calculate SELL entry/exit points.
  • Bid vs Ask. Bid = SELL price, Ask = BUY price.
  • Spread. Ask - Bid = trading cost.

🎯 Purpose

Use this method when you need to:

  • Get current price for SELL order entry.
  • Calculate profit for open BUY positions.
  • Monitor price for trading decisions.
  • Calculate spread (Ask - Bid).

🔗 Usage Examples

1) Get current Bid price

double bid = sugar.getBid("EURUSD");
System.out.printf("EURUSD Bid: %.5f%n", bid);
// Output: EURUSD Bid: 1.12340

2) Calculate spread

String symbol = "GBPUSD";
double bid = sugar.getBid(symbol);
double ask = sugar.getAsk(symbol);
double spread = ask - bid;

System.out.printf("%s prices:%n", symbol);
System.out.printf("  Bid: %.5f%n", bid);
System.out.printf("  Ask: %.5f%n", ask);
System.out.printf("  Spread: %.5f%n", spread);

// Output:
// GBPUSD prices:
//   Bid: 1.26340
//   Ask: 1.26355
//   Spread: 0.00015

3) Calculate SELL stop loss from points

String symbol = "EURUSD";
double bid = sugar.getBid(symbol);
double point = sugar.getPoint(symbol);

// SL 50 points above entry (for SELL)
double stopLoss = bid + (50 * point);

// TP 100 points below entry (for SELL)
double takeProfit = bid - (100 * point);

System.out.printf("SELL at Bid: %.5f%n", bid);
System.out.printf("Stop Loss (+50p): %.5f%n", stopLoss);
System.out.printf("Take Profit (-100p): %.5f%n", takeProfit);

// Place SELL order
long ticket = sugar.sellMarket(symbol, 0.1, stopLoss, takeProfit);

4) Monitor price levels

String symbol = "USDJPY";
double targetBid = 110.500;

while (true) {
    double currentBid = sugar.getBid(symbol);

    if (currentBid <= targetBid) {
        System.out.printf("✅ Target reached! Bid: %.3f%n", currentBid);
        // Execute trading logic
        sugar.sellMarket(symbol, 0.1, null, null);
        break;
    }

    System.out.printf("Waiting... Current Bid: %.3f (target: %.3f)%n",
        currentBid, targetBid);
    Thread.sleep(1000);
}

5) Compare Bid across symbols

String[] symbols = {"EURUSD", "GBPUSD", "USDJPY"};

System.out.println("Current Bid prices:");
for (String symbol : symbols) {
    double bid = sugar.getBid(symbol);
    int digits = sugar.getDigits(symbol);

    System.out.printf("  %s: %." + digits + "f%n", symbol, bid);
}

// Output:
// Current Bid prices:
//   EURUSD: 1.12340
//   GBPUSD: 1.26340
//   USDJPY: 110.123

📌 Important Notes

  • Bid vs Ask:
  • Bid = Price you SELL at (lower)
  • Ask = Price you BUY at (higher)

  • Spread = Ask - Bid (your cost)

  • When to use Bid:

  • Opening SELL positions → Entry price
  • Closing BUY positions → Exit price
  • Calculating SELL Stop Loss (above Bid)

  • Calculating SELL Take Profit (below Bid)

  • Market orders:

  • SELL market orders execute at current Bid

  • BUY market orders execute at current Ask

  • Real-time: Price changes every tick during market hours.

  • Precision: Always format with symbol's digits: 

    int digits = sugar.getDigits(symbol);
String formatted = String.format("%." + digits + "f", bid);

Bid/Ask relationship: 

Ask (higher) ← You BUY here
    ↕ Spread (your cost)
Bid (lower)  ← You SELL here

See also