What Happens on a Big spike ? | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

What data releases cause a big price spike? 4 replies

What happens when the lots size gets uber-big? 10 replies

big orders - what happens 28 replies

Big spike on FDXX meta trader -Gbp pairs 16 replies

What if something happens... 7 replies

What Happens on a Big spike ?

  • #1
  • First Post: Mar 12, 2007 5:57am Mar 12, 2007 5:57am
Hi everyone,

What happens when you profit or take a loss, from a spike that appears in
One platform but not on another.

For example the AUS USD just spiked 190 pips, and I made 88 pips profit..

But I checked another feed from a different broker and there was no spike.

What happens in this situatiion, it was a live account??

Has anybody experienced this type of thing before??

Cheers
  • #2
  • Mar 12, 2007 5:59am Mar 12, 2007 5:59am
well if you made a profit and the broker is not complaining, keep your mouth shut. If you lost money complain like bloody hell.
  • #3
  • Mar 12, 2007 6:01am Mar 12, 2007 6:01am
Quoting smjones
well if you made a profit and the broker is not complaining, keep your mouth shut. If you lost money complain like bloody hell.
Never happen to me before tho.
Tra-X
  • #4
  • Mar 12, 2007 6:02am Mar 12, 2007 6:02am
Yes, they always seem to catch it when it is not in their favor LOL
  • #5
  • Mar 12, 2007 6:05am Mar 12, 2007 6:05am
Quoting smjones
well if you made a profit and the broker is not complaining, keep your mouth shut. If you lost money complain like bloody hell.


They should contact you if they think you got away with something. This happened with Oanda a couple months ago, they fixed it for losers and winners. At least, many of them.
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #6
  • Mar 12, 2007 6:15am Mar 12, 2007 6:15am
You'll know in 24hrs

I had a GBP Sell order hit today 1.9521 LOL but they just cancled it. But let me keep my GBPJPY from last week.
  • #7
  • Mar 12, 2007 6:18am Mar 12, 2007 6:18am
So where do you stand if they decide to take away the profits ?

I can't find anything in the agreement...

It only just happened, and it still seems to be still going a bit crazy..

I guess I just pray I keep the money...
But it was a lot of money for me, doubled my account...

Does anyone know the legal side...

Common sense would say that I will have the profits taken away, as I'm guessing they will prove it was some kind of computer error.

Cheers ,Mozzie
  • #8
  • Mar 12, 2007 6:23am Mar 12, 2007 6:23am
Quoting mozzie
So where do you stand if they decide to take away the profits ?

I can't find anything in the agreement...

It only just happened, and it still seems to be still going a bit crazy..

I guess I just pray I keep the money...
But it was a lot of money for me, doubled my account...

Does anyone know the legal side...

Common sense would say that I will have the profits taken away, as I'm guessing they will prove it was some kind of computer error.

Cheers ,Mozzie
Joking aside, They will probably audit their transactions and find the error and just cancel the entire trade. I gaurantee that others who have lost money have already brought it to their attention. If it were me, I would call them and talk about it with them. It really can not be avoided.
  • #9
  • Mar 12, 2007 6:30am Mar 12, 2007 6:30am
Like i said sometimes you get to keep em some times you don't so all you can do is sit tight.
  • #10
  • Mar 13, 2007 5:34am Mar 13, 2007 5:34am
Quoting mozzie
So where do you stand if they decide to take away the profits ?
I can't find anything in the agreement...
It only just happened, and it still seems to be still going a bit crazy..
I guess I just pray I keep the money...
But it was a lot of money for me, doubled my account...
Does anyone know the legal side...
Common sense would say that I will have the profits taken away, as I'm guessing they will prove it was some kind of computer error.
Cheers ,Mozzie
Why do you worry about it? Are you afraid to make money? Just keep the pips. You traded so you didnt steal it. Brokers use enough tactics to get it back from you anyway. The worst thing you could do is open up a line of enquiry with your broker about your winnings. You'll end up putting yourself right on their radar and they'll watch you closely from then on. :
  • #11
  • Last Post: Mar 15, 2007 6:45am Mar 15, 2007 6:45am
Well nothing happened, so far...... I just sat tight...

Which is good for me, I'm only on a micro account so I guess it wouldn't really be worth the hassle for them..

But what would happen if you were trading a larger amount, you take advanatge of the spike, make heaps of money, then you get a call, sorry that doesn't count..

Since the spike you have won more so you keep trading and obviously would be risking more % wise.. It would get very messy..

Has anyone experienced anything??

Cheers...
0 traders viewing now