Problems with spikes on trading account

Hi Justin,

I have just experienced a sudden WEIRD 6 tick/pip BID/ASK SPIKE just to take out my position in the EURUSD. Initially I was suspecting that maybe a bank or liquidity provider was doing crazy things just to take out our stop losses when I opened two previous positions at the daily pivot, each position was ironically hunted to the exact stoploss before continuing down but this SPIKE simply confirms that there is something wrong with the account. Would you be able to ask for a refund of our initial deposits. We basically opened the account believing that we can actually trade news on the account and have no manipulation on the "ECN". Since now you have changed the policy and have basically proved to us that there is actually a virtual plug in doing some strange spikes EVEN on a 1:45pm lunchtime quiet trading hour. It would be nice to have all our full initial deposit money back.

Here are the screenshots compared to another account around the same time:
Attached Thumbnails http://cdn.forexfactory.com/attachme...1&d=1285783246 http://cdn.forexfactory.com/attachme...1&d=1285783246

Last edited by mucropteltd, Sep 30, 2010 2:38am (8 hr ago)

I'm willing to risk $10 that this thread will be renamed to "this is something u want to know about this broker's secrets."

I have a six figure account with MBT and usually withdrawal from them on a quarterly basis. I also have a six figure account with OandA (primary account) that I withdrawal from on a monthly basis.

Perhaps it's your trading method that needs looking at and not your brokers fault. It's easy to blame your broker for your lack of ability in this unpredictable market.

Don't get me wrong. Brokers do have issues, and sometimes they have feed issues. Inquire and let them investigate by all means. Typically, when it's a feed issue they're on it like white on rice and immediately issue a credit to your account.

are u working for mbtrading?

No. Perhaps you should read some of my posts. Just stating the obvious. Don't be so quick to lay blame on your broker. If you're unsatisfied for whatever reason then change brokers. Like I said, inquire and let them investigate. If it's a feed issue, they'll credit your account. In my years of trading though, I've never had a feed issue that affected my trades. Others have though.

Have u seen the picture yourself?

I don't use MT4 with MTB. Like I said, inquire and let them investigate. I'd hope that you at least done that.

The above posted in two different threads by two different people.
http://www.forexfactory.com/showpost...postcount=5895
Or are they one and the same?

1. When you post charts and ask for people to look at the price action, remove all the shit. As soon as I saw the picture I stopped looking.

2. Your naivete is glaringly obvious. You don't know what you're doing so you're trying to blame it on the broker.

3. I'm not a computer guy, but it seems to me that it would be easy for brokers to know at all times what orders are sitting where. Because they do control their feed it is possible for them to spike the price if they wanted to do it. I'm not saying they do, but it surely is within the realm of possibility. Knowing this is important to all traders so they can take steps to prevent getting caught by it.

Good luck.

Shhhhh. sg_trader works for IBFX.

i don't mind working for IBFX if they can hire me.

"Problems with spikes on trading account" ... close, but no cookie.

Interesting. Both are gone now. I'll let Twee sort it out.