Here is a recent example of stop hunting : :surprised
DislikedWhat hellish hour was that?Ignored
DislikedUnfortunately there is nothing new here, brokers, market makers have always manipulated price to their advantage.
It is all part of the game in trading futures I had one broker tell me if I could stand it to simply stop trading.
Of course, the electronic age has made it more difficult now as you can see many traders have different feeds and can protect themselves.((Buyer beware))
On the other hand is also made it easier for your brokers as their sophisticated software shows exactly where everybody stops are, heck OandA, even provides this information on a graph. Not as in depth as they have I am certain, but still.
As far as the name of the broker that did this. It honestly doesn't really matter to me if you wanna make a difference. If you really want to send a message start trading with ECN direct routing no dealing desk. They truly have no reason to hunt down your stops.
There is a couple of the ECN that even have public statement saying they do not have and will not invest in any type of software to see where their client stops are positioned.
To me trading with an ECN with no dealing desk and direct routing
would be the only way to send a strong message.
Investigate it the ECN I deal with usually has a one pip spread on the currencies that I trade, and then charge me $1 dollar for a mini lot. 10$for regular lot Round-trip commission.
So I'd say that's pretty fair as far as commissions and spread go.Ignored
DislikedA long hard read but well worth the time. Thanks to everyone that participated.
It is 10/15/06 as I composes this and cfgtrader is still in business. I find that amazing. OK maybe just interesting.
Thanks again I learned a lot.Ignored
DislikedHey there EcnJesus.
May I ask where you employed this type of plugin? How many brokers did you work with and what kind of work were you doing?Ignored
DislikedThis is no plugin, it's a standard feature of MetaTrader Manager, when it's assigned to you via MetaTrader Administrator. This feature is very basic and nowadays very rarely used. There more than enough different software providers which are officially offering various advanced plugins which will make brokers life much easier. I uploaded this video, since there has been lot's of talk with almost no evidence.
I have been working with quite a few brokerage companies in various positions - client support, sales, dealing desk. As for the companies,...Ignored