Keep us posted about what the broker replies to you about this. Even if not mentioning his name.
Stop Hunting 11 replies
Stop Hunting? 18 replies
Stop hunting 1 reply
Stop Hunting and Demos 1 reply
Quoting mrmikalDislikedA few things to note here.
I see the first chart hitting 26 on the red candle, but none of the other charts do including your last one (which I thought was a reposting of the first one). Did you notice that? or did I misunderstand what you meant by the "second chart" as it looks like it's on the same platform as the first chart.
Secondly, during FOMC news, a 20 pip stop? I'm not going to try and understand what the reasoning is, but 20 pip volatility is so common during news releases.Ignored
Quoting mrmikalDislikedA few things to note here.
I see the first chart hitting 26 on the red candle, but none of the other charts do including your last one (which I thought was a reposting of the first one). Did you notice that? or did I misunderstand what you meant by the "second chart" as it looks like it's on the same platform as the first chart.
Secondly, during FOMC news, a 20 pip stop? I'm not going to try and understand what the reasoning is, but 20 pip volatility is so common during news releases.Ignored
Quoting cooldudeDislikedWhy are you complaining?
After complaining, why are you not posting the name the guilty broker?
If that happened (a graph does not lie), then why are you refusing to post the thief's name?
Are you with us or are you shouldering with them thieves?Ignored
Quoting cooldudeDislikedWhy are you complaining?
After complaining, why are you not posting the name the guilty broker?
If that happened (a graph does not lie), then why are you refusing to post the thief's name?
Are you with us or are you shouldering with them thieves?Ignored
Quoting stockwetDisliked1. The first chart is the one with the errant price. All the rest are there to show "normal" price feeds.
2. Two charts are from the same broker - one on their live account (the errant price) the other using their demo feed (the "second chart" mentioned.)
3. This was not my trade. The thread was to discuss errant price movements during volatile times, which people often call stop hunts. One could argue with this trader's strategy, but, he's a friend of mine and consistently takes a lot of money out of the market. I don't question his tactics anymore.Ignored
Quoting mrmikalDislikedI see what you're saying. I'm not doubting that something is amiss here. What you really need to do is tell us which broker jacked you and your friend, and we can collectively boycott them. Not that it will change much, but in principal, that type of behavior is quite disgusting.
Assuming your stops are triggered by your broker and not your trading platform, you could easily get them to prove their price feed with a court order. You could claim fraud and everyone here would be behind you.
So, who is this broker?Ignored
Quoting stockwetDislikedUmm. I'm not complaining.
1. I'm pointing out to the community a reality of our trading environment.
2. I'm ensuring that other people's data confirm the issue.
3. I'm disputing those people who believe the banks and brokers act "wholesomely" and deny the existence of stop hunting.
The issue about providing a name is tricky. Frankly, I don't think it's the broker's fault. I think the bank on the back end is the dastardly culprit. Also, I don't think that this broker is the only one not immune to their liquidity providers practicing similar behaviors. In other words, why get one blackballed when we know it's a common problem. If they fix the problem appropriately, then, they meet my expectations. If not, then they deserve to go out of business. I'll hold judgement until then. Clearly, though, you know it's not IBFX, GFT Forex or OandA. Finally, I like to give people the benefit of the doubt. I've always been too trusting that wayIgnored
Quoting stockwetDislikedSorry, no names until the broker takes or fails to take action. Honestly, if this broker fixes my friend's account, I may go with them. You know the integrity of a company not by how they treat you when things go right, but how they treat you when things go wrong. He lost over $50k on this trade. If they return that to them, I think that says something positive about the broker.Ignored
Quoting stockwetDislikedSorry, no names until the broker takes or fails to take action. Honestly, if this broker fixes my friend's account, I may go with them. You know the integrity of a company not by how they treat you when things go right, but how they treat you when things go wrong. He lost over $50k on this trade. If they return that to them, I think that says something positive about the broker.Ignored
Quoting PurpleDislikedIts is totally brokers greed.
I was looking for good IB agreement with someone, and this one broker offered me a platform where I can skew prices to any extent I want at anytime I want to trigger Stops. He had this inbuilt software withing the platform.
I asked him what if the clients find the difference in charts, and he said we will just return him his money them than. Untill he finds the fault its always your profit, he said that to me.
I dont understand why will bankers of the brokers will do this?Ignored
Quoting stockwetDislikedSorry, no names until the broker takes or fails to take action. Honestly, if this broker fixes my friend's account, I may go with them. You know the integrity of a company not by how they treat you when things go right, but how they treat you when things go wrong. He lost over $50k on this trade. If they return that to them, I think that says something positive about the broker.Ignored
Quoting mrmikalDislikedNow THAT'S EXCELLENT information! Purp, tell me...what broker was THIS with? LOLIgnored
Quoting DarkstarDislikedSo if I rob your house and I get caught, as long as I return the goods you'll hire me to monitor your alarm? It seems a little odd that you would do such a thing.Ignored
Quoting stockwetDislikedYou know, I really hate to say this, but the thought crossed my mind. It's kind of like how companies give rebates. The rebate seals the deal, but, only small percentage of people actually return their rebates.
One question, did this broker claim to provide STP - straight through processing? That's the only reason I'm inclined to suspect the bank first, and the broker second.Ignored
Quoting mrmikalDislikedWhat would you define as an appropriate fix? Returning $50K or Returning $50K + his profits he would have earned?
Honestly, I'm not sure how doing either of this would be:
1) fair to the broker IF the bank is the culprit - it's not like they're going to go to the bank and say, "hey...". Every tom-dick and harry would go to them and say "I lost money...can you return my losses???". Not going to happen. Your friend is out $50K, I don't see how they can fix it unless it was truly a data error in which case they have some cause...but if the bank really posted the price, there is no way they're going to return losses of that size.
2) going to fix anything unless they drop the bank they're working with which seems even less likely.
Do you see what I'm saying?Ignored