Price didn't reach SL, why did I get stopped out? | Forex Factory

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Price didn't reach SL, why did I get stopped out?

  • #1
  • First Post: Aug 17, 2017 8:40am Aug 17, 2017 8:40am
my broker is xm

yesterday at 10pm UK time, my daily candle for gbpaud opened at 1.62624, opened a sell, now when my trade got stopped out, i was in profit, i checked the stop out level and it was 1.62869....but the price NEVER went that high today for gbpaud, the high on my platform was 1.62758

whats the deal here?

im a noob and confused.... and worst of all,that trade would have nettd me 65 pips profit....
  • #2
  • Aug 17, 2017 10:29am Aug 17, 2017 10:29am
joined 2014 and got no idea about bid/ask price line? your SL is probably got hit by ask line.
  • #3
  • Aug 17, 2017 4:07pm Aug 17, 2017 4:07pm
Quoting IPMan
joined 2014 and got no idea about bid/ask price line? your SL is probably got hit by ask line.
My sentiments exactly. Noob from 3 years ago? How often have you gone short since 2014? If the spread widened near your stop, you're filled at the ask and you're out! Now you know. Going forward, I bet you will leave a margin of error at least as wide as your spread on short trades. Learn this lesson today.
  • #4
  • Aug 18, 2017 6:07am Aug 18, 2017 6:07am
each broker is having a system to widen the spread to hunt some trades from "noobs" at 1:00 am in middle east time zone (+4 GMT) WHEN THE MARKET OF NEW YORK IS CLOSED, THE BROKERS ARE WIDENING THE ASK LINE TO 200 OR 300 POINTS = 20 TO 30 PIPS IN SELL ORDERS AND THE BID LINE THE SAME IN THE BUY ORDERS

SO, I AM SURE THAT YOUR BROKER HUNTED YOUR TRADE EASILY BY THIS METHOD

SO, I NEVER EVER USE A STOP LOSS WITH A BROKER I KNOW THAT HE WOULD TRY HIS BEST TO HUNT MY STOP LOSS, AND BY THE WAY ALL OF THE BROKERS DO THE SAME HUNT , SO, YOU TO TRADE YOU MUST JOIN A BROKER, BUT YOU MUST KNOW WHEN AND HOW HE WILL HUNT YOUR STOP LOSS.

ANOTHER IDEA, IF YOU INSIST TO TRADE WITH STOP LOSS, OK FAIR DO IT, BUT , B4 NEW YORK SESSION TO CLOSE BY 30 MIN, INCREASE YOUR STOP LOSS FOR ALL TRADES BY 600 TO 1000 POINTS OR SIMPLY REMOVE THE STOP LOSS THEN AFTER 1 HOUR OF THE CLOSURE OF NEW YORK SESSION RETURN BACK THE STOP LOSS

AS I SAID MANY TIMES IN MANY POSTS HERE : GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER AND BY THE "GHOSTS".
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #5
  • Aug 19, 2017 7:49am Aug 19, 2017 7:49am
FXCM often do this to kill your trades. MT4 may has a problem in design, it give dealer a way to kill open positions.
  • #6
  • Aug 19, 2017 8:12am Aug 19, 2017 8:12am
Quoting shay14
my broker is xm yesterday at 10pm UK time, my daily candle for gbpaud opened at 1.62624, opened a sell, now when my trade got stopped out, i was in profit, i checked the stop out level and it was 1.62869....but the price NEVER went that high today for gbpaud, the high on my platform was 1.62758 whats the deal here? im a noob and confused.... and worst of all,that trade would have nettd me 65 pips profit....
Yes you are
The funniest, is that nobody takes me seriously.
  • #7
  • Aug 19, 2017 8:13am Aug 19, 2017 8:13am
exactly this has happened to me too. as other posters says it's the widening of the spread that stops you out. some advices to avoid this problem:
-have a good enough SL (not too wide, not too tight. usually a few pips away from last closed candlestick's high/low)
-dont trade less than 4h time frame
-enter the market when the spread is low
  • #8
  • Oct 23, 2017 4:44am Oct 23, 2017 4:44am
Quoting shay14
my broker is xm yesterday at 10pm UK time, my daily candle for gbpaud opened at 1.62624, opened a sell, now when my trade got stopped out, i was in profit, i checked the stop out level and it was 1.62869....but the price NEVER went that high today for gbpaud, the high on my platform was 1.62758 whats the deal here? im a noob and confused.... and worst of all,that trade would have nettd me 65 pips profit....
It would be better if you add here the picture of that trade! Without proof, it’s really difficult to judge!
  • #9
  • Oct 23, 2017 7:21pm Oct 23, 2017 7:21pm
Quoting Samer1970
each broker is having a system to widen the spread to hunt some trades from "noobs" at 1:00 am in middle east time zone (+4 GMT) WHEN THE MARKET OF NEW YORK IS CLOSED, THE BROKERS ARE WIDENING THE ASK LINE TO 200 OR 300 POINTS = 20 TO 30 PIPS IN SELL ORDERS AND THE BID LINE THE SAME IN THE BUY ORDERS SO, I AM SURE THAT YOUR BROKER HUNTED YOUR TRADE EASILY BY THIS METHOD SO, I NEVER EVER USE A STOP LOSS WITH A BROKER I KNOW THAT HE WOULD TRY HIS BEST TO HUNT MY STOP LOSS, AND BY THE WAY ALL OF THE BROKERS DO THE SAME HUNT , SO, YOU TO TRADE YOU MUST...

best answer i have ever seen well done samer1940
people leave, but this thread will go on for ever
  • #10
  • Jan 24, 2024 10:07am Jan 24, 2024 10:07am
actually today my sl was hit and the price didnt reach there. XM XM XM
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  • #11
  • Last Post: Jan 24, 2024 2:00pm Jan 24, 2024 2:00pm
Spread got you.. Open of new day-- spreads are HIGH... Reached up and got your trade..
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