Quoting In2BluesDisliked
I think you're missing one important point here:
The Forex markets are not open during the weekend.
The entire markets are closed, not just the brokers.
Since the markets are closed, no orders can be executed, whether they're on a backup server or not.
You can't have a Buy order filled if there is nobody available to sell what you're buying. Nor can you have a Stop executed if there is nobody available to take the opposite side of your order.
Ignored
Again thanks for your answers. But I think you misunderstood my points. My point is that world forex (probably Australia and that side of the World) do opens earlier than 5 pm EST on Sunday (may be 2 pm EST? May be Justin knows the exact answer). 2 weeks ago we have seen that most pairs are already trading 100+ pips away from their Friday's close BEFORE 5 pm EST because trading has already begun prior to 5 pm EST. So, my original question is that if my stop-loss order, if placed on a back-up server at EFX, can still be executed before 5pm EST (which is the time that EFX opens on Sunday.) Of course I can't place order before EFX opens, but I mean if there is a feature (if not too difficult to implement, and thus that's my original question to Justin) that if my stop-loss or buy limit order, placed before Sunday (like the Friday before), can still be executed before 5pm EST on Sunday (which as witnessed trading indeed began in another part of the World a few hours before 5pm EST Sunday), then I think it would be a nice and attractive feature. I think if you read my whole post again probably you get what I mean.
Personally I think it can be done. Say you bought a long position of EUR/USD at 1.300 at 12pm Friday and you place a stop loss at 1.2940 and you hold it through the weekend. The world forex trades earlier than 5 pm EST on Sunday, and now major news starting to develop and it gradually drops from 1.3000 to 1.2900 BEFORE 5pm EST Sunday. Justin implied that if at 5 pm, EUR/USD is trading at 1.2900 then my stop loss will only be triggered at 5pm EST (when EFX JUST opens) which is at 1.2900, not 1.2940. But imagine that my stop-loss order is being monitored by EFX's backup servers even EFX is not open until 5 pm EST Sunday but trading is already in session, and as soon as EUR/USD drops pass 1.2940 my stop-loss will be executed at 1.2940, even though it's BEFORE 5 pm EST Sunday, and EFX is still closed. I think the problem here is that trading really begins earlier than 5pm EST (and not by 30 minutes, I think a few hours before that), and most brokers in North America do opens at 5pm EST on Sunday and so my original intent is to ask Justin for a relatively new company would it consider suggestion to route the buy-limit order and stop-loss orders to some back-up servers before 5pm EST and this increases its competitive edge over many other brokers by having more features, if these features do not impose high cost to EFX.(personally I don't see it will be high cost or difficult to implement, and I don't think it hurts to have such feature, but Justin might answer that)
Thanks.
: do you have plans for that?
