I know im in totally wrong thread right now but I saw this was the last place that was online.. Im pretty new to trading and something really weird just happend, i had a short on USD/CHF open in pretty good profit, and in a blink of an eye it just completely shit in my face. I had SL in profit and TP wasnt far away but it closed in -403.36$ and -107.10$ in swaps. Asked my propfirm what f is going on and they said it was because i closed it right after the market rolled over, when I didnt close it and the fuckin market kept going and hit my TP like...
My guess would be the spread took you out! It was at over 15 pips it looks like on that pair! I like a live visual representation of the spread on my chart while trading. To enable this in MT4, right click an empty area in the chart, go to properties, click the color tab at the top. Adjust the color of "Grid" and "Ask" to your liking.
The "Grid" line is the same as the Bid line. When you buy it purchases at this line. The "Ask" line is where it'll purchase at that line for a sell. An easy way to remember is it'll always give you the worst one LOL. Think buy low sell high and you'll be entering on the opposite line. YAY! The area between is the spread. It's how the broker makes it's money.
With a spread you'll always start in the negative until the corresponding line gets past your entry point. It can also take out a SL even though the actual price isn't near your SL.
So if you sell, it'll enter you at the lower line. BUT the top line is what you need to watch as it's effectively you price line now.
If you buy, just the opposite happens. It'll get you in at the higher line, but the lower line is you price for that trade.
The opposite line can take you out if it hits your SL. And with a 15 pip spread... yikes!
I always thought the bid and ask lines should be default on all charts. Hope this helps. I've included a screenshot showing the two values in the properties.
