I've been following things here and been trading for maybe 9 months now, so I still consider myself a newbie, so I have to ask if what happened to me early this morning is common.
I had placed a sell - entry stop on the gbp/usd last night before going to bed. It was set up with a small 15 pip limit. I guess that at 4:30am ET. this morning, some news came out that jumped the price - over both my entry and my limit. My broker (fxsol), filled the order about 15 pips lower then even what my limit was set at. Needless to say the price went right back up and I was stopped out. So, when I get up this morning and I check my account I see a nice big loss. I called the broker and argued that an order where the entry and limit was both jumped up by this supposed spike shouldn't have been opened in the first place. But to avail. The dealing desk guy, who must have graduated at the top of the 'how to be snotty' class, told me thats what I get for trading at news time.
I was just wondering if this is a common procedure or something specific to this broker.
I had placed a sell - entry stop on the gbp/usd last night before going to bed. It was set up with a small 15 pip limit. I guess that at 4:30am ET. this morning, some news came out that jumped the price - over both my entry and my limit. My broker (fxsol), filled the order about 15 pips lower then even what my limit was set at. Needless to say the price went right back up and I was stopped out. So, when I get up this morning and I check my account I see a nice big loss. I called the broker and argued that an order where the entry and limit was both jumped up by this supposed spike shouldn't have been opened in the first place. But to avail. The dealing desk guy, who must have graduated at the top of the 'how to be snotty' class, told me thats what I get for trading at news time.
I was just wondering if this is a common procedure or something specific to this broker.