Hi everyone, I have a quick question for people familiar with the MT4 system and their functions.
I was trying to alter my stop in a currency pair which faced impulsive moves away from the market price quoted by all other brokers, a (30 pip deviation, this is not the spread because I was long the pair and the price of sell, hence the left hand side price was actually shooting down with the buy price constant), and it was deviating near my stop hence, I tried to change my stop to a lower level before this crazy deviation recovers, but it said "Market closed" and immediately stopped me out even 5 pips lower than my stop when the price never actually reached there!
I have asked people and they said that market closed means that the settings in MT4 server has been set to weekend time or holiday.
Any similar experiences? Any idea what this quote means and what this is all about?
Thanks
I was trying to alter my stop in a currency pair which faced impulsive moves away from the market price quoted by all other brokers, a (30 pip deviation, this is not the spread because I was long the pair and the price of sell, hence the left hand side price was actually shooting down with the buy price constant), and it was deviating near my stop hence, I tried to change my stop to a lower level before this crazy deviation recovers, but it said "Market closed" and immediately stopped me out even 5 pips lower than my stop when the price never actually reached there!
I have asked people and they said that market closed means that the settings in MT4 server has been set to weekend time or holiday.
Any similar experiences? Any idea what this quote means and what this is all about?
Thanks