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Trade closed by broker without reaching SL or TP

  • #1
  • First Post: Edited 11:42am Sep 23, 2018 7:54am | Edited 11:42am
Hi,

I had a trade running and it was closed off with a massive loss - without reaching SL / TP and there was still enough funds in the account.
My margin was not compromised at all.
Trading with FXpro
  • #2
  • Sep 23, 2018 9:37pm Sep 23, 2018 9:37pm
Picture or it didn't happen.

Remember, the ask price ist not visible in the chart meaning there is no "visual" prove your SL was not hit.
  • #3
  • Oct 4, 2018 5:38am Oct 4, 2018 5:38am
Indeed, you have to enable the Ask line, so you can see both lines (Bid & Ask). Then check it again. Furthermore, you could show screenshot here, so we can see
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  • #4
  • Oct 4, 2018 5:41am Oct 4, 2018 5:41am
I’ve noticed an earlier closing of trades than the presets take profits. This situation was continuously happening over the last four days. And I am pretty sure it is because of my EA. Are you using any EA, miss Delta?
  • #5
  • Oct 4, 2018 6:22am Oct 4, 2018 6:22am
Quoting DwainUK
Indeed, you have to enable the Ask line, so you can see both lines (Bid & Ask). Then check it again. Furthermore, you could show screenshot here, so we can see {image}
The visible bars are created by the bid price only!

Spread spikes mostly affecting the Ask price wont be visible afterwards. Only if you manage to monitor both lines during the incident.
  • #6
  • Oct 8, 2018 6:26pm Oct 8, 2018 6:26pm
Quoting Drolph
{quote} The visible bars are created by the bid price only! Spread spikes mostly affecting the Ask price wont be visible afterwards. Only if you manage to monitor both lines during the incident.
Here is in Alpari, robbed again. Robber is everywhere
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  • #7
  • Oct 9, 2018 12:56am Oct 9, 2018 12:56am
Quoting Khangfm
{quote} Here is in Alpari, robbed again. Robber is everywhere {image}
Did you read my post carefully? No!

Did you understand what I wrote? No!

That's why you are hating instead of realizing what really happened. But I will try to explain it to you one more time. First mistake: you were trading a minor pair offering low liquidity. second mistake: you were trading at rollover with this rubbish pair leading to sharp spread spikes (just look at the regular spiking at myfxbook for example). Now comes the critical part. Your SL got hit by the ASK price, which is NOT visible in the bar chart display, as it is created by the bid price only.

Having all that in mind I do not see anything suspicious. That is funny, because it is true. Haters gonna hate.
  • #8
  • Oct 9, 2018 1:10am Oct 9, 2018 1:10am
Quoting Drolph
{quote} Did you read my post carefully? No! Did you understand what I wrote? No! That's why you are hating instead of realizing what really happened. But I will try to explain it to you one more time. First mistake: you were trading a minor pair offering low liquidity. second mistake: you were trading at rollover with this rubbish pair leading to sharp spread spikes (just look at the regular spiking at myfxbook for example). Now comes the critical part. Your SL got hit by the ASK price, which is NOT visible in the bar chart display, as it is created...
Which Broker do you work for and how much do you receive for this post?
  • #9
  • Oct 9, 2018 1:13am Oct 9, 2018 1:13am
Quoting Drolph
{quote} Did you read my post carefully? No! Did you understand what I wrote? No! That's why you are hating instead of realizing what really happened. But I will try to explain it to you one more time. First mistake: you were trading a minor pair offering low liquidity. second mistake: you were trading at rollover with this rubbish pair leading to sharp spread spikes (just look at the regular spiking at myfxbook for example). Now comes the critical part. Your SL got hit by the ASK price, which is NOT visible in the bar chart display, as it is created...
Did you read thí thread? https://www.forexfactory.com/showthread.php?t=603038
  • #10
  • Oct 9, 2018 4:22am Oct 9, 2018 4:22am
Quoting Khangfm
{quote} Which Broker do you work for and how much do you receive for this post?
You can blame whoever you want for your loss. I more or less do not care. It does not change the facts. I gave you an explanation and logic reason for what you have shown. What did you do in exchange? Coming up with conspiracy theories..
  • #11
  • Oct 9, 2018 9:47am Oct 9, 2018 9:47am
Actually, Drolph is right guys. This is how the market works. Keep in mind, that when you open a Sell position, it is closing by the ASK price, however the charts are visualized by the BID price. That's why the sell position is closed, out of the candle > because the spread is very wide
@Khangfm, just enable the the "Show ASK line" option from "Properties" to see both ASK and BID prices. Then you will see your spread in real time.
Attached Image (click to enlarge)
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  • #12
  • Oct 11, 2018 9:39am Oct 11, 2018 9:39am
Thank you for sharing DwainUK Show Ask line “on” will be always helpful
  • #13
  • Oct 15, 2018 6:49pm Oct 15, 2018 6:49pm
Hi. Has anyone had their trade partially closed by your brokers? I was trading gold at 1 lot during low liquidity (aft US session around 2pm). Executed a sell trade at 1226.98. Decided to close the trade for at around 1226.75 for a positive trade. But my trade was partially closed by broker at 0.88 lot at 1242.81 and was slapped with a loss of $1916.41. I have my SL at 1232.26. My stop wasnt fulfilled at 1232.26 but instead at 1242.81. I closed with a positive trade but was slapped with a loss of $1916.41. I trading an ECN acct with FxOpen. Has anyone encounter this before and what are the solutions?

Thank you in advance
  • #14
  • Oct 16, 2018 1:19pm Oct 16, 2018 1:19pm
Quoting Drolph
Picture or it didn't happen. Remember, the ask price ist not visible in the chart meaning there is no "visual" prove your SL was not hit.
ihave faced similar issues and when asked they say its due to slippage
  • #15
  • Oct 17, 2018 7:56am Oct 17, 2018 7:56am
Quoting kjasni
Hi. Has anyone had their trade partially closed by your brokers? I was trading gold at 1 lot during low liquidity (aft US session around 2pm). Executed a sell trade at 1226.98. Decided to close the trade for at around 1226.75 for a positive trade. But my trade was partially closed by broker at 0.88 lot at 1242.81 and was slapped with a loss of $1916.41. I have my SL at 1232.26. My stop wasnt fulfilled at 1232.26 but instead at 1242.81. I closed with a positive trade but was slapped with a loss of $1916.41. I trading an ECN acct with FxOpen. Has...
Hello kjasni, this is possible if your broker is with "Fill or fill" working model. This means- if the price differs from your requested price the order will be filled at the best next available price. Since you are opening a SELL position, during low liquidity > the buyers aren't enough, so when you try to close your order- "the available buyers are buying your gold", however the remaining volume is executing on the next available price. That's why you are on loss, after closing the position.
  • #16
  • Oct 17, 2018 7:57am Oct 17, 2018 7:57am
Quoting DwainUK
{quote} Hello kjasni, this is possible if your broker is with "Fill or fill" working model. This means- if the price differs from your requested price the order will be filled at the best next available price. Since you are opening a SELL position, during low liquidity > the buyers aren't enough, so when you try to close your order- "the available buyers are buying your gold", however the remaining volume is executing on the next available price. That's why you are on loss, after closing the position.
That is the exact explanation for slippage.
  • #17
  • Oct 18, 2018 6:44am Oct 18, 2018 6:44am
Quoting Drolph
{quote} That is the exact explanation for slippage.
Correct. However, I think this working model is better than others. Because the slippage can be positive as well. Additionally, on this working model- the orders are executing always, without rejection. I think, it is better to have positive or negative slippage sometimes, but to be successfully executed, instead rejected. I know, the rejections can occur poor results, especially if you're using an EA What's why I prefer "Fill or fill".
  • #18
  • Oct 18, 2018 9:27am Oct 18, 2018 9:27am
You may have already heard about our 100% DMA/STP Agency Model. It is the best one, isn’t?
  • #19
  • Oct 18, 2018 1:20pm Oct 18, 2018 1:20pm
Hello guys
I have a demo account in mt 5(in mobilephone) with fxtm broker.(my english is not good enough, my apologies in advance, also I'm new to forex trading)
My balance was 80 dollars, I did a buy trade at volume of 0.07 and leverage of 1:100 and did not set any stoploss point, when my loss reached 41.65 my position closed automatically, same thing happened before, when my balance was 100 and my loss reached 63.00 with volume of 0.10 and the same leverage, I did not put any stoploss for this one too.. do you know whats the reason? Thank you my friends
  • #20
  • Oct 18, 2018 3:42pm Oct 18, 2018 3:42pm
Quote
Hello guys
I have a demo account in mt 5(in mobilephone) with fxtm broker.(my english is not good enough, my apologies in advance, also I'm new to forex trading)
My balance was 80 dollars, I did a buy trade at volume of 0.07 and leverage of 1:100 and did not set any stoploss point, when my loss reached 41.65 my position closed automatically, same thing happened before, when my balance was 100 and my loss reached 63.00 with volume of 0.10 and the same leverage, I did not put any stoploss...

This is probably to your Equity/Margin ratio reaching under 50% and executing an automatic closeout. There must probably be somewhere that it is written. I know on MT4 mobile you can see Margin Level in % and when it gets to 50% it will close. Some brokers also send a "Margin Call" when this goes under 100% just so you know you are getting closer to close out.

For any questions you should ask your broker just to be sure nothing wrong happened, sometimes they might even give some back if it was their error.
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