does anybody know that if i put my STOP LOSS on a certain point and the gap when the market open on sunday is more than that will my SL get hit or will i have a bigger lost?!
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Joined Feb 2010
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Status: Alive & Lost
|260 Posts
If you read broker's terms and conditions, you'll probably find... well let me explain with an example:
Let's say you've set 50 pips TP and 50 pips SL.
If price moves 200 pips in your favor, you'll make only 50 pips.
If price moves 200 pips against you, you'll lost 200 pips.
The broker will always minimize your profit and maximize your loss.
does anybody know that if i put my STOP LOSS on a certain point and the gap when the market open on sunday is more than that will my SL get hit or will i have a bigger lost?!
Ignored
Stop losses don't work during weekends or holidays, if the price moves against your position during weekend and open further your SL, your position will be closed at open price in sunday, take aware that you could loss more money that you have in your account.
Alternately you can open a special account with guaranteed SLs even during weekends and holidays like this: http://www.activtrades.com/index.aspx?page=forex_rra but you will have 6 pips of spread in each trade, think if this compensate you.
does anybody know that if i put my STOP LOSS on a certain point and the gap when the market open on sunday is more than that will my SL get hit or will i have a bigger lost?!
Ignored
I had 1 broker that at first let my stop be hit in gap but then stopped this.
Next broker did not allow telling that my stop will be hit on next available price which means when gap is over.
