Stop Loss vs. Hidden Stop Loss

Me too

When my stop get hit, the one to blame is the man in the mirror

Spikes and widening of spreads happens especially in the retail market, get used to it. NFA,SEC or FSA won't give a shit about your $100 dollar account so that's how they get away with it.

Personally my stop is always far enough away from the action to get spiked but if I was trading smaller timeframes or scalping then I would have a hard stop in place beyond my real mental stop just in case of worst case of a worst case scenario like power failure, natural disasters etc.

well, isn't the solution obvious? Stop trading with DD market maker and trade with NDD ECN broker.

What is the NFA going to do about that? How will they be made aware of it? Are you going to whine to the NFA (or your broker for that matter) over your mini lot trade that stopped out at 20 pips? They won't even give you the time of day...but don't doubt it...it does happen. So say it doesn't or its too much money is just putting your head in the sand...

Plan for their crap and use it against them.[/quote]

Absolutely!
pick any chart and look carefully, every second swing has a little spike against the "sitting ducks..."...wellcome to Forex...it´s just another reality working against your little edge, which took you years to develop...
Most brokers are sitting on the other side of our table...guess who is going to win most of the hands?

You don't have to believe me its OK. Believe what you want...but why don't you investigate it for yourself if you really want to know. Don't ask here everyone here still believes in Santa Claus and their dealer's Pot-o-Gold.[/quote]

True
there´s some posts all over the net (including FFA), where people that worked for brokers, some still do, explain in detail the way it´s done...it´s part of the game,like casinos limiting betts, number counters etc..
Just do your homework...there were some videos in you tube also...apparently being shut down after they got popular....some are still out there.
Yes Santa Claus is still alive , for the ones who work very, very, very hard...and include the danger of stop hunting in their trading plans...
No free lunch. sorry, (unless you own a broker firm...)
Remember, the best money in lottery goes to: ...yes the State Owner...

Yes in my opinion due diligence before opening your account is definitely key. Thereafter lying awake at night about that type of things is not worth trading. Rather quit then, you will live longer

Not sure if brokers do interim spikes to sweep, but you would be surprised how unscrupulous some companies can be.
In my EA, i would log the bid/ask anomalies (regardless of your buys/sells), and if they get too much, it's time to change brokers.

You can look at something like this, and clearly see Oanda "Park the Rates" at certain hours.
https://www.oanda.com/forex-trading/...rument=EUR/USD
This may be their answer to "overnight fees".

Also, you can take a look at this page, that defines trading min/max/average, but not sure where and what this is coming from.
https://www.investing.com/brokers/co...preads-eur-usd
I.E) is this on every Tick, and data gathered by investing.com, or is it average of every 15 minutes, and provided by the broker?


Also, just because a broker is regulated, doesn't mean that they aren't skirting the rules. I'm sure most of them aren't...
I would guess that a "hold your cards close" mentality wouldn't be bad in any situation, just requires more code :-)

You can be sure of a couple of things (take it with a grain of salt):
1) Brokers, just like Casinos, are in it for money. They aren't here to "Do you a favor".
2) MataTrader is "free" to you, but their earnings model is in sending you to the brokers.
3) Math is important, and either through spreads, commissions, or other fees, the Brokers have a "Money
Model" that puts them in profit. It's as important to know who wins if you lose, and who loses if you win.