Huge slippage Thursday morning on EURUSD?? | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Brokers and slippage... 10 replies

Huge slippage 30 pips (Pepperstone) 78 replies

Huge slippage on a trade 18 replies

Huge positive slippage 5 replies

FXCM and "no-slippage" 55 replies

Attachments: Huge slippage Thursday morning on EURUSD??
Exit Attachments

Huge slippage Thursday morning on EURUSD??

  • #21
  • Jul 4, 2008 11:03pm Jul 4, 2008 11:03pm
Quoting dragoncat
I would've accepted easily if the price spiked, and it was truely slippage, but I saw it with my own eyes that the price went below 1.5852, back up many times, before actually falling for real, and it took a while till it fell down to 1.5816, what I'm truely worried is I feel this is could be a technical problem with the broker, and they are not accepting responsibility, and if so, I need to change broker before they rob further money off me! It feels like that the orders & stops are kept locally and not on their server, and when their server gets busy, my orders doesn't get filled until my trading software resumes connection! I hope this is not true, as it seems like a huge flaw to me?
have spoken to your broker yet Dragoncat?

that's the best thing to do.
  • #22
  • Jul 4, 2008 11:27pm Jul 4, 2008 11:27pm
It's simple, trading the news is for suckers.

I read somewhere that the first target was 12 pips!

Put it in perspective. 12 pips out of a price of something like 1.5800

So you are aiming for 12 out of a possible 15,800 pips. (Assuming value of EURO could go to zero.)

You are talking micro-movements.

Someone else said that the orders were put in hours before. That does not change liquidity issues at a news announcement.

Also, I have to ask: If you had 30-odd pips slippage in your favor, would this post even be here?

I once had a slip with GFT that gained an extra 45 pips during that Feb. sub-prime meltdown in 2007.....so I know the answer to that question.
  • #23
  • Jul 5, 2008 3:30am Jul 5, 2008 3:30am
hi Apocalypto, I have emailed the company and a guy called me back, his attitude was just unbelievable, he was yelling at me over the phone, and asking things like if I have ever traded through Nonfarm etc. which I feel was extremely intimidating! He told me straight that the company will not adjust the trade before I ever even mentioned it!

hi clockwork, thanks for your post, but I hope that you realise I was not trading the news, as my system tells me that if the price falls below 1.5857, it's going to fall like hell, so I've left an extra margin of 5 pips to avoid fluctuations, and set my entry at 1.5852, it just happens the fall started after the news, and if you haven't realise, this company will not slip it in your favour, as clearly one of my trade was opened at 1.5816 and closed at my take profit of 1.5840, if the company is not robbing me, it would've closed my trade around 1.5820-1.5825, would surely like to know a broker that will slip in my favour, at least that sounds like a honest broker!
  • #24
  • Jul 5, 2008 3:46am Jul 5, 2008 3:46am
I'm not here to cry about the slip, I'm here to investigate why it happened although clearly the price was available for trade, but was not executed either because of a technical problem with the broker, or the trading platform, that's why I wanted to know if anybody got filled between 1.5852 & 1.5816, because this price was clearly available for trade while my platform froze for minutes.. and it took a while to fall from 1.5852 to 1.5816, although I was filled eventually at 1.5816! so I am suspecting there is a glitch in the broker and the broker is not accepting responsibility! So I want to know more.
  • #25
  • Jul 5, 2008 3:47am Jul 5, 2008 3:47am
What's wrong with a 12 pip take profit if I'm so sure that after falling thru 1.5857 it's never going to come back up, and that 12 pip profit is enough for me to set the remaining stop loss at 1.5864, enough to cover the position if it goes back up to 1.5858 (which is now resistance) with room for fluctuation, as I said, if it was a true slippage, I'll accept my loss and start again, but if it's a problem with the broker, I need to know, as I've traded with the broker for more than 3 years now and it happened many times, and I don't know any other brokers that I can trust!

(sorry about the number of messages, FF won't let me post a longer reply I have to break it up to separate posts)
  • #26
  • Edited 4:31am Jul 5, 2008 3:54am | Edited 4:31am
Quoting clockwork71
It's simple, trading the news is for suckers.

I read somewhere that the first target was 12 pips!

Put it in perspective. 12 pips out of a price of something like 1.5800

So you are aiming for 12 out of a possible 15,800 pips. (Assuming value of EURO could go to zero.)

You are talking micro-movements.

Someone else said that the orders were put in hours before. That does not change liquidity issues at a news announcement.

Also, I have to ask: If you had 30-odd pips slippage in your favor, would this post even be here?

I once had a slip with GFT that gained an extra 45 pips during that Feb. sub-prime meltdown in 2007.....so I know the answer to that question.
The problem is not here. The problem is that the price he has on his chart does not reflect what happened. The price i have on my chart does not reflect what happened.

Also if he had on his settings an acceptable slippage of 40 then this thread would not exist but that is not the case (i guess)

Check the picture i took. Either the should have honored the trade at the asked price or the should not have honored the trade at all !

Quoting dragoncat
hi Apocalypto, I have emailed the company and a guy called me back, his attitude was just unbelievable, he was yelling at me over the phone, and asking things like if I have ever traded through Nonfarm etc. which I feel was extremely intimidating! He told me straight that the company will not adjust the trade before I ever even mentioned it!

hi clockwork, thanks for your post, but I hope that you realise I was not trading the news, as my system tells me that if the price falls below 1.5857, it's going to fall like hell, so I've left an extra margin of 5 pips to avoid fluctuations, and set my entry at 1.5852, it just happens the fall started after the news, and if you haven't realise, this company will not slip it in your favour, as clearly one of my trade was opened at 1.5816 and closed at my take profit of 1.5840, if the company is not robbing me, it would've closed my trade around 1.5820-1.5825, would surely like to know a broker that will slip in my favour, at least that sounds like a honest broker!
After this i would change broker as soon as possible if they do not regulate this trade. Send them screen of what happened showing clearly that the way your trade has been handle does not concur with the feed they sent you.

If one cannot trust the feed sent by his broker, how the hell can he even trade ?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd ibfx.gif Size: 25 KB
  • #27
  • Edited 4:40am Jul 5, 2008 4:11am | Edited 4:40am
here's the chart, I can't upload to FF
http://i312.photobucket.com/albums/l...URUSD-1min.jpg

hi melpheos: my broker said their charts are just for reference! What a reply! Although the prices on their charts are direct feed of the tradable price that show up on their trading station! I've been with the same broker for years, I don't know who else to trust, the reason why I choose the broker in the first place is because they have a local physical office where I work.. guess it's a bad choice, I think I need to make an effort to change broker, but I don't know who else to trust!
  • #28
  • Jul 5, 2008 4:57am Jul 5, 2008 4:57am
Quoting dragoncat
here's the chart, I can't upload to FF
http://i312.photobucket.com/albums/l...URUSD-1min.jpg

hi melpheos: my broker said their charts are just for reference! What a reply! Although the prices on their charts are direct feed of the tradable price that show up on their trading station! I've been with the same broker for years, I don't know who else to trust, the reason why I choose the broker in the first place is because they have a local physical office where I work.. guess it's a bad choice, I think I need to make an effort to change broker, but I don't know who else to trust!
And what is the exact time of the trade ? Open/close
  • #29
  • Jul 5, 2008 6:50am Jul 5, 2008 6:50am
Quoting dragoncat
here's the chart, I can't upload to FF
http://i312.photobucket.com/albums/l...URUSD-1min.jpg

hi melpheos: my broker said their charts are just for reference! What a reply! Although the prices on their charts are direct feed of the tradable price that show up on their trading station! I've been with the same broker for years, I don't know who else to trust, the reason why I choose the broker in the first place is because they have a local physical office where I work.. guess it's a bad choice, I think I need to make an effort to change broker, but I don't know who else to trust!
dont trust any broker,...but some are more nicer to u...saxo is way more nice...
its just money
  • #30
  • Jul 5, 2008 7:19pm Jul 5, 2008 7:19pm
Just close your account. To be honest, it's your only choice of recourse.

There are plenty of bucket shops out there, don't stick with just one.
  • #31
  • Last Post: Jul 6, 2008 1:54am Jul 6, 2008 1:54am
Quoting melpheos
And what is the exact time of the trade ? Open/close
all the 1.5816 trades happened at 8:34, and one of my position "took profit" at 8:36 @ 1.5840, honestly I'd be happy for the guy who got filled at 1.5840 @ 8:36 at my expense, but come on, be realistic, who really got filled at that price at that time? All that money just went into the broker's pocket!

who is a broker I can trust? I've found this link from another FF post, can the reviews and ratings be trusted? http://www.earnforex.com/forex_brokers.php
0 traders viewing now