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Cancelled/gap on trade

  • #1
  • First Post: Nov 6, 2012 1:11am Nov 6, 2012 1:11am
hi i had a trade today on the aud/usd right at news time activate my order to buy but when i get home and check my trade history it comes up cancelled/gap now if read this is a sign of the virtual dealer plugin or is it just the broker covering there ass at news times either way my order should be reinstated and my profit added to my account shouldnt it?

regards damo
i pull the trigger when others are fearful---me
  • #2
  • Nov 6, 2012 3:25am Nov 6, 2012 3:25am
Quoting damosdmf
hi i had a trade today on the aud/usd right at news time activate my order to buy but when i get home and check my trade history it comes up cancelled/gap now if read this is a sign of the virtual dealer plugin or is it just the broker covering there ass at news times either way my order should be reinstated and my profit added to my account shouldnt it?

regards damo
Who is your broker?

Do you have a slippage option checked? Might have slipped above your parameters. That's my best guess. Was watching my feed at the time and my spread stayed pretty much normal, I was able to get in at a pretty decent price.
Time hides Nothing
  • #3
  • Nov 6, 2012 6:11am Nov 6, 2012 6:11am
Quoting CindyXXXX
Who is your broker?

Do you have a slippage option checked? Might have slipped above your parameters. That's my best guess. Was watching my feed at the time and my spread stayed pretty much normal, I was able to get in at a pretty decent price.
As Cindy said you should check the slippage option.

Cindy - what price were you able to buy AUD-USD today ?

when i click the buy and there isn't a gap - how much time in ms it should take the order to process ?

Thanks !
  • #4
  • Nov 6, 2012 7:37am Nov 6, 2012 7:37am
Quoting Eyal_89
As Cindy said you should check the slippage option.

Cindy - what price were you able to buy AUD-USD today ?

when i click the buy and there isn't a gap - how much time in ms it should take the order to process ?

Thanks !
I'm not sure the exact price of my first entry cause I've added to it twice since and the only price I can see is an average of the 3 but I got in after the spike when it pulled back to about half the hourly candle.

As for your other question, it would depend on the situation, your broker etc. I can't really answer that. My broker has a slippage thing which I set to 3 so if I click the market rate and it slips beyond 3 pips of that price in which I clicked it won't fill me, I can't actually remember a time when that has happened in recent history as I rarely trade on the news, I'm usually in before it.

Personally my broker is pretty fast I think, but I can't compare, all I know is when I click on a certain price I almost always get it (again can't remember a time when I've been re quoted or slipped).

I mean if you're scalping for little more than the spread you would want some lightning fast action. Position trading it wouldn't much matter. Whatever makes you happy I guess.
Time hides Nothing
  • #5
  • Nov 6, 2012 8:09am Nov 6, 2012 8:09am
May i ask which broker are you using ?
  • #6
  • Nov 6, 2012 8:21am Nov 6, 2012 8:21am
Quoting Eyal_89
May i ask which broker are you using ?
My main broker is GFT, been with them for years, no complaints... Actually I remember recommending them to the thread starter about 2 years ago, now I think of it lol
Time hides Nothing
  • #7
  • Nov 6, 2012 8:54am Nov 6, 2012 8:54am
Ok maybe i will check them out, i currently trade with Pepperstone for a month now - i still don't have an opinion on them.

Thanks man.
  • #8
  • Nov 6, 2012 3:12pm Nov 6, 2012 3:12pm
i still use gft lol wasnt on this trade though was trying out admiral markets slippage wasnt selected my order was a 1.0385 was a 10 pip tp stop wasnt touched so it should of been executed i can only guess if i was selling it would of been filled and stopped out maybe slipped for 20 or 30 points to

regards damo
i pull the trigger when others are fearful---me
  • #9
  • Nov 6, 2012 3:41pm Nov 6, 2012 3:41pm
Quoting Eyal_89
Ok maybe i will check them out, i currently trade with Pepperstone for a month now - i still don't have an opinion on them.

Thanks man.
gft are great dealbook is a little hard to work out after using mt4 but once u get the hang of it heaps better easier to handle orders with gft

regards damo
i pull the trigger when others are fearful---me
  • #10
  • Nov 7, 2012 6:46pm Nov 7, 2012 6:46pm
so they rang me yesterday told me they didnt execute my order due to it would of got me on the wrong side of a big move funny thing is they just executed pretty much the exact same order against me and slipped it 10 pips when closing it i smell a rat lol

damo
i pull the trigger when others are fearful---me
  • #11
  • Nov 7, 2012 7:18pm Nov 7, 2012 7:18pm
Quoting damosdmf
so they rang me yesterday told me they didnt execute my order due to it would of got me on the wrong side of a big move funny thing is they just executed pretty much the exact same order against me and slipped it 10 pips when closing it i smell a rat lol

damo
I didn't understand exactly, can you be more specific ?
  • #12
  • Nov 7, 2012 7:19pm Nov 7, 2012 7:19pm
Quoting damosdmf
so they rang me yesterday told me they didnt execute my order due to it would of got me on the wrong side of a big move funny thing is they just executed pretty much the exact same order against me and slipped it 10 pips when closing it i smell a rat lol

damo
That's very alarming. Like, extremely alarming. Not the slippage part, but the broker saying they chose not to execute an order of yours for any reason other than it violating the trading conditions they've posted.

Regardless of what side of the market an order would have put you on, you placed the order as a client and it's their job to execute on it. Period. Unless you signed a power of attorney agreement handing trading privileges over to the broker directly on your account, they have no right to enact trading decisions on your account what so ever. Selectively choosing which orders to execute based off market moves is effectively the same as taking directional trades on your account (think of it in terms of exposure.)

They can stop your trade from executing if it violates the trading conditions (margin requirements, slippage set on the order, etc..) but what you're describing isn't that.

I'm kinda skeptical that a broker would tell you they committed such legally damning thing... are you sure that's how they phrased it? Compliance would go ape shit over stuff like this... are they regulated?
FXGears.com
  • #13
  • Nov 7, 2012 7:38pm Nov 7, 2012 7:38pm
Quoting Jack_Larkin
That's very alarming. Like, extremely alarming. Not the slippage part, but the broker saying they chose not to execute an order of yours for any reason other than it violating the trading conditions they've posted.

Regardless of what side of the market an order would have put you on, you placed the order as a client and it's their job to execute on it. Period. Unless you signed a power of attorney agreement handing trading privileges over to the broker directly on your account, they have no right to enact trading decisions on your account what...
i cant remember exact words but it was because it was pending order and the market moved so quick it wasnt executed because of a liquidity gap i guess if i was at home it would of reqouted me and i could of accepted it but i wasnt home so it came up cancelled/gap im not sure. i know this morning though i was already in my trade when it was slipped 10 points against when it hit my stop order

regards damo
i pull the trigger when others are fearful---me
  • #14
  • Nov 15, 2012 5:20pm Nov 15, 2012 5:20pm
dodgy stuff had a sell order art 1.0333 take profit at 1.03080 price hit this and did not close my trade woke up to a loss

damo
i pull the trigger when others are fearful---me
  • #15
  • Last Post: Nov 23, 2012 9:11am Nov 23, 2012 9:11am
Quoting damosdmf
hi i had a trade today on the aud/usd right at news time activate my order to buy but when i get home and check my trade history it comes up cancelled/gap now if read this is a sign of the virtual dealer plugin or is it just the broker covering there ass at news times either way my order should be reinstated and my profit added to my account shouldnt it?

regards damo
What is the link between "cancelled" and "gap" ? I don't see why you put these 2 words together. You mean the trade was canceled because price gapped?
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