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-   -   Is it worth your time to contest a non-executed order (https://www.forexfactory.com/showthread.php?t=285129)

bigsteely101 Mar 21, 2011 3:43am | Post# 1

Is it worth your time to contest a non-executed order
 
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Hey all, I had an order pending to sell the Eur/USD over the weekend. When I opened my account today, I noticed that the price had crossed over my desired price which should have executed the order, but didn't. I have attached a screenshot. This has happened to me in the past and all they say is that there was not enough liquidity. Fine, but I have also lost trades in similar circumstances. So it seems like they find a way to have liquidity around when the trade goes against me, but not enough when it is in my favor!!

My question is, how often do you guys contact the broker to dispute something like this? And in what circumstances would you open a case/audit within your brokers outfit?

Cheers
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JFogel Mar 21, 2011 10:09am | Post# 2

I personally don't contend against these instances, but I know plenty of traders that do. The best thing is to read the Terms of Agreement to see what their policy is regarding pending orders and liquidity.

Custos Mar 21, 2011 11:03am | Post# 3

Hey all, I had an order pending to sell the Eur/USD over the weekend....
I think your broker has a valid point, sometimes there is just not enough liquidity. Guess what the big guys do, they wait for the right time with enough liquidity in the markets to dump their orders. For us small guys it's not such a concern but beginning of the week and fast markets will just not have enough liquidity sometimes.

Get over it, it's one out of a millions of trades you will take in your life (if you stay with trading).

Accept that sometimes there is no liquidity in the markets.


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