Disliked{quote} Yes i am aware of the losses. however some stops were triggered it all depends on the broker that a trader was using at the time. remember not all brokers went bankrupt and those brokers that survived the huge crash had stops to protect their clients trading accounts.Ignored
When 95% of traders on a pair are holding long positions – thanks to the central bank “guarantee” that a floor won’t be breached – it is bound to be a blood bath when things unwind.
If you had a stop set below the peg, then the peg dropping meant that you would most likely not find a buyer when your SL was triggered. Traders found out that their orders had been filled at -1000 pips, when their stop was just at 20, 50 or 100 pips. This happened across the board on all CHF instruments – not only the EUR/CHF.
Show me on the chart where your stop loss would have helped you.
There is my evidence. So unless you use a 1000 pip stop loss you are talking rubbish. Using a 1000 pip stop loss would be pointless.