Did i get stop hunted?

Hello

question, on friday, i had a buy euro/chf at 1.5436 and had a stop loss at 1.5336.

my stop loss was hit. however looking at metatrader, the lowest price was 1.53450 so there was 9 pip before i would of gotten knock out.

I call and they told me it is because of the spread. I though i only pay the spread when i buy, and when close/selling it, it is the market price without any spread built in?

this is thru easy-forex.com

Did i get screwed or is that how it works?

I have no experience with easy-forex.com, and I would do some research before I considered trading with a broker. Many times during high volatility, brokers will expand their spreads to cover themselves. This widening will also take out your position, whether it was done intentionally or not. Take care.

I have no experience with EasyForex or Metatrader but I do know you have to pay attention to what the line on your chart represents. Does it represent the bid, the ask, or the midpoint between the two? This can be customized in many charting applications I've seen. Some even let you chart all three.

In your case I bet it represents the ask price. So the lowest point the ask price reached was 1.53450 but if the spread at the time was 9 pips or more then the bid price could have hit your stop loss.

Just a guess. Hope that helps.

Corey

bid is the sell price right? i'm pretty sure my chart show the bid price of 1.5345 as the lowest on friday.

since i bought eur/chf, paid the spread when i entered. there should not be any spread from the bid price now that i am closing it out?

what do you guys show the lowest bid price went for on friday??

can a broker intentionally knock you out of a position if they wanted too? jw im still learning everything about the forex industry. and if so, what would the motive to do so? any thoughts on this? thanks in advance