Irregular spikes on nzd pairs in metatrader | Forex Factory

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Irregular spikes on nzd pairs in metatrader

  • #1
  • First Post: Dec 23, 2008 5:13am Dec 23, 2008 5:13am
Did anyone else witness the huge and wild spikes on the nzd pairs on mt4? Maybe its just a demo glitch. What caused this? It just blew my entire account up and I had stops in. Ive been trading over a year and never seen this happen...what is going on? I'm just glad it wasn't real money.

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  • #2
  • Dec 23, 2008 5:18am Dec 23, 2008 5:18am
bugged quote sent by some stupid institutionnal...

It's not showing on my real account nor on my IBFX demo acount... It's probably showing only on your demo account. Rince and repeat.
  • #3
  • Dec 23, 2008 5:54am Dec 23, 2008 5:54am
Live acct no spike, only demo (MT4 Gain Cap.)
  • #4
  • Dec 23, 2008 5:55am Dec 23, 2008 5:55am
Made a mistake, spike on both live and demo!!!!
  • #5
  • Dec 23, 2008 6:19am Dec 23, 2008 6:19am
NZD/USD did this on Christmas eve 2006. It is rare but happens often enough with NZD pairs that it is scary trading NZD. It is not the first time and it wont be the last. There have been two 1000+ spikes with the NZD/USD.
  • #6
  • Dec 23, 2008 6:59am Dec 23, 2008 6:59am
so it means that if this spike blows out your ac...you can not do anything else about it...it is a valid spike...am i right?...or it is a glitch will be fixed by the brokers later...my demo testing ac is a mess....it was a $1000 demo ac which had 4 trade open ...all of them are closed now and the ac has a balance of -$15000 +....lolz...
  • #7
  • Dec 23, 2008 7:35am Dec 23, 2008 7:35am
Quoting faltuuse
so it means that if this spike blows out your ac...you can not do anything else about it...it is a valid spike...am i right?...or it is a glitch will be fixed by the brokers later...my demo testing ac is a mess....it was a $1000 demo ac which had 4 trade open ...all of them are closed now and the ac has a balance of -$15000 +....lolz...
There was a spike last Oct. with NZD that IBFX readjusted for with live accounts but there is not guarantee that brokers will always do this.
  • #8
  • Dec 23, 2008 8:04am Dec 23, 2008 8:04am
thanx for the info...

my demo ac was with forex.com...which is a part of the gain capital...a big ECN broker...assume forex.com use gain capital for liquidity and data feed...so i went out again to check what BIG ECN brokers data feed says about the spike...and found dukascopy's daily high-low shows the spike went through there ECN also...

some how my mini ibfx demo ac was immune to this spike...

by the way i am testing different broker platform for basket trading based on usd strenght/weekness...

here is the dukascopy link for daily high-low
http://www.dukascopy.com/swiss/engli..._hl_interbank/

73.74 % Amplitude... some one must be crazy...lolz...
  • #9
  • Dec 23, 2008 12:00pm Dec 23, 2008 12:00pm
It's an accident just waiting to happen. I can't see the irregular spike that happened in 2006. I am going to email alpari and see what the hell is going on. That could really mess you up on a live account. If its not a valid spike you should be able to hold your broker responsible for it. So IBFX is the only broker this didn't happen on? Totally messed up my testing. NOT happy.
  • #10
  • Dec 23, 2008 12:06pm Dec 23, 2008 12:06pm
Quoting butterball
Made a mistake, spike on both live and demo!!!!
What broker are you with?
  • #11
  • Dec 23, 2008 12:28pm Dec 23, 2008 12:28pm
It could be a valid spike but i highly doubt so because it's not showing on either my live, my demo or any other data i see.

In any case, a spike like this one is very unlikely to occur because it would mean someone would have purchase hundreds billions NZD in ONE market order. No one is stupid enough to do something like this => bugged quote.
  • #12
  • Dec 23, 2008 12:29pm Dec 23, 2008 12:29pm
Quoting melpheos
It could be a valid spike but i highly doubt so because it's not showing on either my live, my demo or any other data i see.

In any case, a spike like this one is very unlikely to occur because it would mean someone would have purchase hundreds billions NZD in ONE market order. No one is stupid enough to do something like this => bugged quote.
good point
  • #13
  • Dec 23, 2008 1:07pm Dec 23, 2008 1:07pm
yea was running my live last night and turned 1000 into +160000 last night
  • #14
  • Dec 23, 2008 1:34pm Dec 23, 2008 1:34pm
My alpari US demo shows no spike.


Just thought i'd throw in my two cents.
  • #15
  • Dec 23, 2008 1:40pm Dec 23, 2008 1:40pm
Quoting jmatog
yea was running my live last night and turned 1000 into +160000 last night
Good thing you weren't on the other end of it.
  • #16
  • Dec 23, 2008 1:42pm Dec 23, 2008 1:42pm
Quoting Jwentro
My alpari US demo shows no spike.


Just thought i'd throw in my two cents.
It seems they are trying to get rid of it now
  • #17
  • Dec 23, 2008 6:38pm Dec 23, 2008 6:38pm
another freak-n spike at 20:20 - up to .58050...fonzi the ponzi!
  • #18
  • Dec 24, 2008 2:51am Dec 24, 2008 2:51am
Quoting butterball
another freak-n spike at 20:20 - up to .58050...fonzi the ponzi!
i switched brokers from alpari to ibfx...spikes haven't happened again...only thing is now i dont have an unlimited time demo account which is garbage...oh well...if i see weird spikes again i will post
  • #19
  • Last Post: Dec 28, 2008 5:14am Dec 28, 2008 5:14am
Quoting jmatog
yea was running my live last night and turned 1000 into +160000 last night


u have a typo. should be 1600000 i guess.

lol such 0,02 lot trading guys are the best.
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