Stop Hunting by MT4 Brokers? | Forex Factory

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Stop Hunting by MT4 Brokers?

  • #1
  • First Post: Feb 20, 2012 6:27pm Feb 20, 2012 6:27pm
I never really thought stop hunting and stuff like that really exists. I thought that it was an excuse of people loosing money. But after I watched this video I had to rethink everything.
I think it's worth it to show this video around here.

Inserted Video
  • #2
  • Feb 21, 2012 3:53am Feb 21, 2012 3:53am
I won't say that most of those reports are simply the fault of the trader, not of the broker... but you are aware of the fact that watching out for shady behavior and reporting it is part of the control mechanism that keeps those in power in check, right? No comment on the video though, didn't watch it.
  • #3
  • Feb 21, 2012 3:58am Feb 21, 2012 3:58am
Quoting scooby-doo
You might want to look at the list of brokers who have been fined by Financial Service Authorities for shady dealings.

FXCM being one of them.

Scoobs
so don't use those brokers! they got caught and are examples to all other brokers!

surely you don't think that all other industries are free of shady fucks? people need to pull their heads out of the sand and realize that shit happens, but just because my mechanic has the tools to access my odometer and fuel tank doesn't automatically mean he winds the clock forward on my odometer so that the next service will be booked earlier and it doesn't mean he siphons the fuel out of my tank for his own car. him having a screwdriver and socket set does not make him a shady mechanic!

the shit shown in the video in this thread are exactly the type of tools i would EXPECT an mt4 broker to have.

stupid thread is stupid.
Congratulations ScalaFX for coming out of the closet!
  • #4
  • Feb 21, 2012 5:47am Feb 21, 2012 5:47am
thanks for your reply .
Anyways I thought some people might be interested in watching this video.
  • #5
  • Feb 21, 2012 9:20am Feb 21, 2012 9:20am
@ Nubcake - that phrase under ur name is hilarious

@ Killian - The vid is no new news but I 've heard it mentioned on FF that traders should have 2-4 brokers to keep things in your favour

and that you should use different feeds with screen shots made at the time of opening a trade (record keeping)

also, correct me if I am wrong but dont they play tricks during thin markets

if you know this, then only trade at peak hours

an interesting pair to watch for stop hunts is the GBP-CHF. Establish the trend, and put an limit order in the direction of the trend but 60 pips (in the opposite direction) away from the previous days close and watch how price will trigger your trade and then resume the trend. why does it do this?

WEAK RETAILERS! Dont' be one!
  • #6
  • Feb 24, 2012 2:29am Feb 24, 2012 2:29am
Quoting Kilian19

But after I watched this video I had to rethink everything.
Hey that's nothing, you seen the latest tools they're using....


http://i39.tinypic.com/11iguiv.jpg


  • #7
  • Feb 24, 2012 2:45am Feb 24, 2012 2:45am
Quoting pipmutt
Hey that's nothing, you seen the latest tools they're using....
Shit !! .... they've outsmart my super logical robot trading already
  • #8
  • Feb 24, 2012 4:14am Feb 24, 2012 4:14am
Quoting Kilian19
thanks for your reply .
Anyways I thought some people might be interested in watching this video.
Yes. It is really amazing video for me as well. I think, these are some reason for that each day new broker is coming in the market. Because they know how to cheat traders.
  • #9
  • Feb 24, 2012 4:36am Feb 24, 2012 4:36am
Individual stop hunts are the mark of a rank amateur retail rip off. Anyone can compare feeds and see prices were out of range, so it's a one-off play and you'll immediately lose your customer base. They moved onto price throttling a long while ago.

Next up, sleeping with your wife, selling their grandmas etc etc.
  • #10
  • Feb 24, 2012 5:36am Feb 24, 2012 5:36am
Quoting pipmutt
Hey that's nothing, you seen the latest tools they're using....


http://i39.tinypic.com/11iguiv.jpg


Quality!

I agree with nubcake... stupid thread for traders who need to make excuses for their shit trading. They can't look in the mirror, so they clutch at straws and blame everything else.
  • #11
  • Feb 24, 2012 6:02am Feb 24, 2012 6:02am
Quoting pipmutt
Hey that's nothing, you seen the latest tools they're using....


http://i39.tinypic.com/11iguiv.jpg


Thats the old version. The new one also features multithreading and a thank you button for customers who use no stoploss, average down, or use risks per trade above 5%. But that button does not thank them directly, instead it decreases noise, disables downtime, and slippage for those using above mentioned techniques to make them confident and deposit more funds. Obviously that button is auto disabled for bigger accounts.

And thats where my smart-ass brilliant brain comes into play: I only trade with small accounts, and defy all probability by using no stoploss, maximum leverage on every trade so I have an edge. Now THAT's innovative trading. I don't even have to average down anymore! And if I lose an account - who cares? I'll open a NEW ONE!

YEAH! That's how I roll.

Disclaimer: I'm just kidding. Please don't try this at home.
  • #12
  • Feb 24, 2012 6:10am Feb 24, 2012 6:10am
Quoting triphop
Individual stop hunts are the mark of a rank amateur retail rip off. Anyone can compare feeds and see prices were out of range, so it's a one-off play and you'll immediately lose your customer base. They moved onto price throttling a long while ago.

Next up, sleeping with your wife, selling their grandmas etc etc.
Not true. They are all member in the SSMMBC(Super Secret Market Maker & Bank Club). The SSMMBC is a platform for Broker, Market Maker, (heck, even the BoJ and Fed etc and all banks worldwide are members) to manipulate price all together at the same time. Therefore comparing feeds wont work.

Ever wondered why your stoploss always gets hit before the price starts moving into your direction? Thats why.
  • #13
  • Feb 24, 2012 6:17am Feb 24, 2012 6:17am
I thought they did it by bending the space-time continuum but I forgot about the SSMMBC
  • #14
  • Feb 24, 2012 6:18am Feb 24, 2012 6:18am
Quoting herbun
Not true. They are all member in the SSMMBC(Super Secret Market Maker & Bank Club). The SSMMBC is a platform for Broker, Market Maker, (heck, even the BoJ and Fed etc and all banks worldwide are members) to manipulate price all together at the same time. Therefore comparing feeds wont work.

Ever wondered why your stoploss always gets hit before the price starts moving into your direction? Thats why.
Ever wondered why you placed your stoploss in the incorrect place? Have you ever thought about increasing your stop loss and reducing the number of lots or changing the entry? Have you ever thought to look at your failed trades to wonder why it hit your SL and then price moved in your direction? Look in the mirror and stop blaming other things for your own shortcomings.
  • #15
  • Last Post: Feb 24, 2012 7:36am Feb 24, 2012 7:36am
Yeah and I make good profit from them!
thanks for giving me your stop!
All posts are my personal opinion
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