Interbankfx's strange behaviour at Friday closing
I have written a EA which is doing ok (but still working to control the drawdown which is a potential account-killer).
The thing I cannot explain is that at closing Friday-evening (21:59h) closes a number orders resulting in a net loss although no SL has been set. Only TP has been set and but it has not been touched. No ordersend either.
any idea why my broker (InterbankFX) closes those orders. Note that this is demo.
I've attached my statement and MT4-Log.
All the trades at 21:59 were not closed by me, but by my broker. You can see there is no SL, and the TP has not been respected.
All information or suggestions are more than welcome. I have mailed interbankfx support, but since this is a demo account I'm not sure they will help me.
DetailedStatement not correct.txt
If you intend to close any hedged positions they must be closed before swap is paid. Any hedges left open will automatically be netted out just before swap is paid at approximately 4:59 PM ET
The IBFX Team
Could that be the reason? The time seems to match up.
I think you are right. I was unaware of this. Apparently it only happens friday-evening, and not the other days. I never noticed those email (stupid me !!!)
Thank you very much !!!
I assume other european brokers do allow unrestricted (in terms of time) hedging ? I'll be doing forward testing with other brokers, first checking out alpari.
Thanks again !
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