Hi there!
Once had a broker that was executing my buy/sell-stops at the price I was planned to open them, trail-stops were precise. There were almost no slippage at all, spreads were not changing during the big events. And I was very happy, everything that I planned (even before the seconds of high volatility) worked well. But suddenly, month ago or so it stopped to work that way. And I knew it couldn't last forever
They changed everything: now you must be careful of pending orders (esp. before the big news announcements), because the price could be opened at unknown level, so e.g. buy-stop could be moved far away from your planned SL, also trail-stops sometimes freeze. I think if you are reading this story, you must be familiar with this kind of trick by the broker. Well, they explained the situation as I thought: it may happened because of the big volatility, we execute at the best price etc. etc. blah blah blah...
The question for me is: what did they do? They changed liquidity providers, upgraded some software? And does it mean that clients' money were not at "fx market" at all, they just speculated money inside that firm?
Would be great appreciated for the thoughts and information from your side, guys! Sorry for the mistakes if there are some and if the story is so clumsy
BTW, maybe U know some brokers that are precise at pending orders, with min/no slippage?!
Once had a broker that was executing my buy/sell-stops at the price I was planned to open them, trail-stops were precise. There were almost no slippage at all, spreads were not changing during the big events. And I was very happy, everything that I planned (even before the seconds of high volatility) worked well. But suddenly, month ago or so it stopped to work that way. And I knew it couldn't last forever
They changed everything: now you must be careful of pending orders (esp. before the big news announcements), because the price could be opened at unknown level, so e.g. buy-stop could be moved far away from your planned SL, also trail-stops sometimes freeze. I think if you are reading this story, you must be familiar with this kind of trick by the broker. Well, they explained the situation as I thought: it may happened because of the big volatility, we execute at the best price etc. etc. blah blah blah...The question for me is: what did they do? They changed liquidity providers, upgraded some software? And does it mean that clients' money were not at "fx market" at all, they just speculated money inside that firm?
Would be great appreciated for the thoughts and information from your side, guys! Sorry for the mistakes if there are some and if the story is so clumsy
BTW, maybe U know some brokers that are precise at pending orders, with min/no slippage?!
Enter Signature