filled at 43 pips away from my stop loss!! | Forex Factory

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filled at 43 pips away from my stop loss!!

  • #1
  • First Post: Aug 1, 2008 8:43am Aug 1, 2008 8:43am
Take a look at the 2 screenshots below.
Even if the stop loss was hit during the NZD interest rate announcement, my order was filled at the worst price during this period of time. My stop loss order was placed and known by the broker days before this announcement.
How would your react?
http://c6c.free.fr/ticket.png

http://c6c.free.fr/trade.gif
  • #2
  • Aug 1, 2008 9:27am Aug 1, 2008 9:27am
Slippage.. See you company policy on that.
  • #3
  • Aug 1, 2008 9:45am Aug 1, 2008 9:45am
Quoting jtabart
How would your react?
I would stop trying to trade the news.
  • #4
  • Aug 1, 2008 10:13am Aug 1, 2008 10:13am
Quoting jtabart
Take a look at the 2 screenshots below.
Even if the stop loss was hit during the NZD interest rate announcement, my order was filled at the worst price during this period of time. My stop loss order was placed and known by the broker days before this announcement.
How would your react?

Your stop loss was a market order and once triggered, it got filled at the best "ask" price that was available at that moment which was 1.2965 because market spiked real fast. There is nothing your broker or any broker could have done about it. In a real market condition it is impossible for any broker to guarantee a stop loss order.

  • #5
  • Aug 1, 2008 10:30am Aug 1, 2008 10:30am
Quoting jtabart
How would your react?
Who was the MT4 marketmaker? Have you asked them if there were any quotes between 1.2922 and 1.2965? What was their reply?
  • #6
  • Aug 1, 2008 10:38am Aug 1, 2008 10:38am
Sorry to OT, but I realise all your other trades have SL that's at 200s of pip but TP at like only 30+ pips...does this always work for you?
  • #7
  • Aug 1, 2008 10:53am Aug 1, 2008 10:53am
Sorry my friend. You learned a hard lesson. Never has stop or limit orders in place around news time unless you expect or plan for the worst.

This is not a broker issue, its part of trading forex.
  • #8
  • Aug 4, 2008 7:57am Aug 4, 2008 7:57am
Quoting FrankTheTank
This is not a broker issue, its part of trading forex.
It is a broker issue. Believe me. It is a customer right to get a prof from his broker that order has been executed at the best available price. And there are a lot of brokers who will glad to execute that size with no slippage at all.

Cheers
  • #9
  • Aug 4, 2008 8:06am Aug 4, 2008 8:06am
Quoting lavatrader
It is a broker issue. Believe me. It is a customer right to get a prof from his broker that order has been executed at the best available price. And there are a lot of brokers who will glad to execute that size with no slippage at all.

Cheers
Are you sure your broker is one of them especially during news time?

Every one of my trades factors in 10 pip slippage regardless of market conditions. As long as we're all using retail FX brokers, I suggest you do the same.
  • #10
  • Aug 4, 2008 3:19pm Aug 4, 2008 3:19pm
Quoting Ronald Raygun
Are you sure your broker is one of them especially during news time?

Every one of my trades factors in 10 pip slippage regardless of market conditions. As long as we're all using retail FX brokers, I suggest you do the same.
Of course I'm sure! Why would I post anything here if I'm not.
Go check around.
  • #11
  • Aug 5, 2008 7:32am Aug 5, 2008 7:32am
Lava,

ExpressFX is the biggest joke in the market! Enjoy getting ripped off.
  • #12
  • Aug 5, 2008 9:15am Aug 5, 2008 9:15am
Quoting fxtrader42
Lava,

ExpressFX is the biggest joke in the market! Enjoy getting ripped off.
Oh come on! I did not mean ExpressFX.
  • #13
  • Aug 5, 2008 9:37am Aug 5, 2008 9:37am
My apologies, what broker were you referring too?
  • #14
  • Aug 5, 2008 12:54pm Aug 5, 2008 12:54pm
Quoting fxtrader42
My apologies, what broker were you referring too?
IFX
  • #15
  • Last Post: Aug 5, 2008 2:35pm Aug 5, 2008 2:35pm
Nothing unusual about that kind of slippage around news time.
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