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(binned per thread starter’s request) widening spreads 10pm

  • #1
  • First Post: Dec 4, 2018 4:45pm Dec 4, 2018 4:45pm
so we all suffer from widening spreads at 10pm gmt for about an hour.

really pissed off at being stopped out if i'm not available to shift the stops.

Few questions:

1) does anyone have a broker that does NOT do this?

2) could anyone create an EA that monitors spreads and adjusts stops when spreads widen and then resets them when back to normal? - maybe even an EA that at 9:55pm just moves all your stops by 40 pips for say 90 minutes? (first option preferred)

3) has anyone else found a solution to this issue?
https://linktr.ee/Soultrader
  • #2
  • Dec 4, 2018 5:01pm Dec 4, 2018 5:01pm
Quoting soultrader
so we all suffer from widening spreads at 10pm gmt for about an hour. really pissed off at being stopped out if i'm not available to shift the stops. Few questions: 1) does anyone have a broker that does NOT do this? 2) could anyone create an EA that monitors spreads and adjusts stops when spreads widen and then resets them when back to normal? - maybe even an EA that at 9:55pm just moves all your stops by 40 pips for say 90 minutes? (first option preferred) 3) has anyone else found a solution to this issue?
It seems like a strange question to ask about rollover having been in the business at least since 2006.

1. The providers don't want to provide liquidity around rollover and also, I think the interbank liquidity is actually closed at rollover so I can't imagine things would be different with different brokers.

2. Your suggestion doesn't seem practical, too much overhead if nothing else.

3. Be a day trader and close all trades before rollover.
  • #3
  • Dec 4, 2018 5:07pm Dec 4, 2018 5:07pm
Hi Spotrate, been in since 2004 actually - have to say that 10 years ago i never noticed this happening, just for the last 10 (ish)

I understand why they do it, and i know the solution is to be around to change them at rollover - but that's not do-able because i also have a life and choose to not spend it glued to a screen.

as for 'be a day trader' - well, thanks a bunch for that one, really useful, you're a star. Knew it was a mistake to come asking anything on here.

I think i'll just commission an EA to either delete the stop for an hour and then reinstate or just move it out 30 pips and then move it back. why you think that isn't practical i have no idea.
https://linktr.ee/Soultrader
  • #4
  • Last Post: Dec 4, 2018 5:20pm Dec 4, 2018 5:20pm
Quoting soultrader
Hi Spotrate, been in since 2004 actually - have to say that 10 years ago i never noticed this happening, just for the last 10 (ish) I understand why they do it, and i know the solution is to be around to change them at rollover - but that's not do-able because i also have a life and choose to not spend it glued to a screen. as for 'be a day trader' - well, thanks a bunch for that one, really useful, you're a star. Knew it was a mistake to come asking anything on here. I think i'll just commission an EA to either delete the stop for an hour and then...
I've realized the same thing recently and, you're welcome.
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