Another Tradeview stophunt

These guys are unbelievable...

If it's a live account, call them up.

LOL...live account?? I don't think so. Just sharing the info for those that may be interested...

that looks like bad data to me. did you witness the price spike as it happened in real-time?

So this is a DEMO? Are you actually saying a broker stop hunted a DEMO account? Hmm I wonder what they can buy with the extra demo dollars. I think Tdion is correct, bad data.

Oh BTW, If I were a broker, you can bet your butt I would stop hunt anything I could. I do that now. You can see it in any market when the large players settle down. It is called an edge.

No I didn't witness it as it happened. It's possible that it's bad data, who knows for sure. If it is bad data, it seems awfully convenient bad data for a broker who's trading against their clients. I've never seen bad data like that on an ECN's charts.

I've also seen this before, on both IKON charts (who they are owned by), and Tradeview charts. The spikes happened at the same time on both, but they told me each is a different price feed, so it shouldn't have been bad data on both at the same time.

Plus, when I inquired about it the first time, I never got any real explanation for the spike.

My guess is it was a stop hunt, but I could be wrong, but I wanted to just post it as hopefully useful info...

Demo and live price feeds are supposedly the same dude...if it's not useful to you, just ignore it, but as someone who was considering opening an account there myself, I would consider this info important to know.

They cannot be the same, because Demo does not execute.

Edit, On further review, I am sorry I posted. You must be correct.

I'll step aside now. This a good place to end. bye


Man I miss the Trading Room

No problem bro...happy trading

Am not sure if such spikes are local to your broker or more universal. My broker presents a pretty raw feed (for live trades) and I do see such spikes. However, when I called them about it recently, they said in most cases, they try to filter such spikes and had I been stopped out they would put me back into a trade. An exception happened to be on Thursday the day after your spike because the NZD dropped rates by a full .50% instead of just .25%. He said in THAT case -- if I had been stopped out with a spike then -- it likely would have stood, i.e, no undo. Probably the answer is... if they'd lose a lot of money putting you back in, then tough luck. If it's small, maybe they would to keep you as a customer. Who knows...


Three examples. All are at 5PM EDT (Tue, Wed, Thu) which are when my broker rolls over the date (00:00 Wed, Thu, Fri).

An ECN broker may be your best best, but be aware that on occasion (less often) there are spikes there too.

Yeah I'm not concerned about real spikes, like the NZD move. That was because of an interest rate change as you mentioned.

My concern are fake spikes (stop hunts) that are not part of real interbank pricing, but are just attempts by bucketshop brokers to stop out clients (who they are trading against).

I think a good rule of thumb is that if it doesn't show on any other chart or platform, it's either bad data at that broker, or a stop hunt. In either case, I would always hope the broker would refund any money lost in that scenario. But of course if you or I are trading at a bucketshop, then we're responsible ultimately for being there in the first place