Do you believe brokers hunt your stoploss | Page 8 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Do you use stoploss? 697 replies

What stoploss do you use? 27 replies

Maximum lot size you've traded - can brokers hunt orders? 13 replies

forex tip - Don't use a fixed stoploss brokers can target 23 replies

Keep your eyes off my stoploss 3 replies

Attachments: Do you believe brokers hunt your stoploss
Exit Attachments

Do you believe brokers hunt your stoploss

  • #141
  • Jun 14, 2017 4:16am Jun 14, 2017 4:16am
Quoting waverhythm
Hi all I don't know if the brokers really hunt the stop losses but a good way to avoid that is by trading the stronger signals on the longer timeframes (daily and above) which requires you to have a bigger stop loss. This way they won't hunt it without being noticed by every professional trader. And if a lot of people notices it then the broker will most probably lose its reputation. It is possible that they hunt it for a few pips if you have a very tight stop loss but I doubt they would hunt a 50 pips SL and above. Maybe not even 30 pips. But you...
when you have say 20 people with 50 pip stoploss its got to be worth it to hunt
people leave, but this thread will go on for ever
  • #142
  • Jun 18, 2017 3:39am Jun 18, 2017 3:39am
well monday nearly here ready for the stoploss
people leave, but this thread will go on for ever
  • #143
  • Jun 18, 2017 6:34am Jun 18, 2017 6:34am
No, not unless there is some secret program that the owners have implemented.

Brokers don't need to hunt stops, there are much easier ways to rip you off.
  • #144
  • Jun 18, 2017 6:45am Jun 18, 2017 6:45am
no they do not hunt stoplosses, but there are bad brokers and they use false spikes, and they call it "technical issues", worst spike I have seen was 500 pips and M15 was only timeframe where it was visible

no one has enough money to move markets at their own, it is just "crowd behaviour" when big piles of money is lost

like last wednesday when eurusd came back down after that spike, huge pile of money was waiting there to buy , and most of them lost their money I assume
  • #145
  • Jun 19, 2017 4:27am Jun 19, 2017 4:27am
Quoting Catch-22
No, not unless there is some secret program that the owners have implemented. Brokers don't need to hunt stops, there are much easier ways to rip you off.
yes i agree rip offs are bad
people leave, but this thread will go on for ever
  • #146
  • Jun 19, 2017 4:35am Jun 19, 2017 4:35am
Quoting mark.g
{quote} Maybe you are right but maybe not. These "people with money" how will know where exactly is my stop loss? This information is visible only to my broker. My stop loss is X level, your stop loss is Y level, another one has Z level stop loss (i mean everyone has different stop loss). And why only my stop loss is hit and the price reverse immediately. Explain this please.
Everyone studies the same technicals, hence there is a crowd of people who see something on the chart. and these same technicals teaches us to place stops at this X point. hence a crowd of people got stops over X point. So all they gotta do is go to that point and it clears out the crowd and then we are going to tell each other that 95% of the traders lose in this business. and even by knowing this we are still going to follow what 95% of traders follow. (The same technicals that everyone else is reading and the same rules to which everyone else is placing stops etc)

Bad brokers is another different thing from this as i believe.
Sleep is for the weak
  • #147
  • Jun 19, 2017 5:01am Jun 19, 2017 5:01am
Quoting Aussi
{quote} perfect
I agree with you too.
It is a war game on the chess board.
Often one think of oneself only. Thus one creates a strategy bases on what one thinks - one sided.
Good that you know yourself. But you don't know what your opponent's possible moves are next.
Your opponent knows his/her own steps. In a normal small business you can try to beat your opponent.
In forex, try to use your opponent's strength to your advantage. They are stronger than you.
Stop hunting = beat the bush to make the snakes reveal itself. Your opponent is in control of the game.
Open example a 5 minute chart. Use overlapping H1 oad Di custom candles.
See how the 5 minute price moves inside the H1 candle.
Study when your opponent pushes the price, when he reverse?
There is a pattern or a crossing line or level that his software will kick in the trigger.
Try study it and you will thank me. Just my few rupees
  • #148
  • Jun 19, 2017 5:55am Jun 19, 2017 5:55am
Quoting Aussi
Hi girls and guys does your broker hunt your stoploss and do you believe a stoploss is a must
Actually, market maker broker may do so! But regulated Forex brokers are not! Unfortunately, my 1st live trading broker was a market maker, they blocked my account after making 200% profit within just one week! That’s way, now I am only interested on regulated broker!
  • #149
  • Jun 19, 2017 6:29am Jun 19, 2017 6:29am
Quoting GeorgeBaile
{quote} Actually, market maker broker may do so! But regulated Forex brokers are not! Unfortunately, my 1st live trading broker was a market maker, they blocked my account after making 200% profit within just one week! Thats way, now I am only interested on regulated broker!
always use websites with reviews about brokers, before you open an account, if someone will not pay wins, you will read their very fast. there are many comparing websites out there.
not paying is not so often, most bad brokers simple want you go to go away as client or change their execution speed,.... to let you go away.

and ofcourse avoid using "simple beginner" "trading" styles like arbitrage trading and special as news trading (with try to use it on slow data feed brokers), and so on..... you cant get paid then for this, because free money will no broker pay you out, because its 100 % his loss. but this is most of the time traders problem, he did know from beginning he tries to cheat the broker and dont want to trade.

its also good to mention this broker name, to help others to avoid same problems.
  • #150
  • Jun 19, 2017 7:06am Jun 19, 2017 7:06am
what i usually use in my robots, is :
1) a virtual stoploss (the real one) that is monitored by the EA virtually (no hard SL at all)
2) a hard coded SL that is randomized and always GREATER than the virtual stop loss to protect your trades.

so for instance if your SL is 40 pips, put a hard SL of (40 + rand() * 200) and monitor virtually (inside the EA) your 40 pips SL.

the broker can't know your real SL, and you still have protection of your opened orders.

the broker can hunt the real SL, but it will never be reached, so it would have no impact at all

this is the best way i've found to handle SLs. It's not perfect, but it can counter auto hunting of SLs pretty efficiently

Jeff
  • #151
  • Edited 7:39am Jun 19, 2017 7:13am | Edited 7:39am
Quoting ionone
what i usually use in my robots, is : 1) a virtual stoploss (the real one) that is monitored by the EA virtually (no hard SL at all) 2) a hard coded SL that is randomized and always GREATER than the virtual stop loss to protect your trades. so for instance if your SL is 40 pips, put a hard SL of (40 + rand() * 200) and monitor virtually (inside the EA) your 40 pips SL. the broker can't know your real SL, and you still have protection of your opened orders. the broker can hunt the real SL, but it will never be reached, so it would have no impact...
ok, but this will only work when you are smart enough not to use this sl as changeable parameters. if its this, then this will be sended to broker by expert starting (you can see it in your jounal). use this intern in program as variable is then smarter.

ofcourse after 3 SL the brokers knows this too, but can be changed inside the ea. but what broker do you use who runs SL? never seen this happening since years without market makers. maybe its more easy for you to change broker.
  • #152
  • Jun 19, 2017 7:47am Jun 19, 2017 7:47am
Quoting dukas_trader
{quote} ok, but this will only work when you are smart enough not to use this sl as changeable parameters. if its this, then this will be sended to broker by expert starting (you can see it in your jounal). use this intern in program as variable is then smarter. ofcourse after 3 SL the brokers knows this too, but can be changed inside the ea. but what broker do you use who runs SL? never seen this happening since years without market makers. maybe its more easy for you to change broker.
i'm not sure brokers track if orders are closed consecutively at the same distance from the opening (ie identifying virtual SL) if yes anyway it is always better ot use an ATR for the SL.
  • #153
  • Jun 19, 2017 7:55am Jun 19, 2017 7:55am
Quoting ionone
{quote} i'm not sure brokers track if orders are closed consecutively at the same distance from the opening (ie identifying virtual SL) if yes anyway it is always better ot use an ATR for the SL.
depends on trading system. when i use sl i trade opposite direction same time (my sl is never fixed, allways depends to the actuell market), or my sl would be wrong and was unneccessary to use it. same with tp, if tp is correct you have to trade other side or tp was wrong. but this calculations are with many components and many dont do this. ofcourse news , weekends, and so on are different things.
  • #154
  • Jun 19, 2017 8:41am Jun 19, 2017 8:41am
stoploss hunting is very common in retail brokers,and it can be seen more in ECN accounts because broker can legally increase the spread and hunting many stop losses in a second and his is the reason that you see price touch your number and suddenly back!
as you know you can not have the history of ask line in meta trader platform so in this cases you can not compare the price of your broker with others and complain about it
in my opinion its better to trade with brokers with fixed spread to reduce this condition but the problem in accounts with fixed spreads is the big size of the spreads in most instruments because broker have no way to add hidden costs and commission to trades so they should play more naked.
but at the end if you wanna be a trader in this market you should accept such things and try to find better solution.
good luck
  • #155
  • Jun 19, 2017 8:53am Jun 19, 2017 8:53am
Quoting tetis
stoploss hunting is very common in retail brokers,and it can be seen more in ECN accounts because broker can legally increase the spread and hunting many stop losses in a second and his is the reason that you see price touch your number and suddenly back! as you know you can not have the history of ask line in meta trader platform so in this cases you can not compare the price of your broker with others and complain about it in my opinion its better to trade with brokers with fixed spread to reduce this condition but the problem in accounts with...
fixed spread brokers are so much more expensive.
  • #156
  • Jun 19, 2017 11:01am Jun 19, 2017 11:01am
Quoting dukas_trader
{quote} fixed spread brokers are so much more expensive.
yes they are as i said before , but ask yourself why you are seeing several types of trade accounts in one broker , they will tell you this type is good for long time trading that is good for scalpers and the other is linked to global market and...... but all of them is for gaining profit of clients . so in my opinion don't believe to zero or little spreads and ... all of them will ending in same point .
  • #157
  • Jun 19, 2017 10:10pm Jun 19, 2017 10:10pm
In my opinion, maybe they do hunt stops, maybe they don't. I honestly could care less. The point to me is that your stop is going to get hit every now and then and there is nothing that you can do about it except widen it or deal with it. Depending on your strategy, widening it obviously is not always the best idea as it can mess with risk. I have no problem taking a few stop outs and getting back in if I am still convicted of the trend direction. It will hurt in the short term, but if the trend does continue, I would rather not be left out of it.
  • #158
  • Jun 20, 2017 8:21pm Jun 20, 2017 8:21pm
Quoting Madinvestor
In my opinion, maybe they do hunt stops, maybe they don't. I honestly could care less. The point to me is that your stop is going to get hit every now and then and there is nothing that you can do about it except widen it or deal with it. Depending on your strategy, widening it obviously is not always the best idea as it can mess with risk. I have no problem taking a few stop outs and getting back in if I am still convicted of the trend direction. It will hurt in the short term, but if the trend does continue, I would rather not be left out of it....
love the trend up or down
people leave, but this thread will go on for ever
  • #159
  • Jun 21, 2017 10:04pm Jun 21, 2017 10:04pm
Not the broker but yes market does hunt my SL very quick.
  • #160
  • Jun 22, 2017 10:02am Jun 22, 2017 10:02am
Quoting Aussi
Hi girls and guys does your broker hunt your stoploss and do you believe a stoploss is a must
No, they don't. Or at least most don't because they can't. I don't think you realize the CRAZY HUGE amount of money it would take to cause a wide scale market manipulation like that even of the most thinly traded exotic cross. There might be one or two brokers out there big enough, with enough money and enough people trading to have both the capability to pull this off and enough people with stop losses set to make it profitable ... but it's only one or two.

Understand that a broker can't deviate its platform from what the market is doing or else the arbitrage guys will absolutely MURDER them if they try.

Stop loss hunting is something possible only by massive institutional traders, not by retail brokers. Retail brokers just don't have the cash to do it.
1 trader viewing now