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Huge slippage 30 pips (Pepperstone)

  • #21
  • Oct 23, 2013 7:32am Oct 23, 2013 7:32am
Quoting Max FX
{quote} Than also don't forget to complain that price is usually going in opposite direction once you are doing something.... You should improve yourself first, at least you need to understand how market order work. Read again all posts above. Everybody told you what is nothing wrong with broker and you won't find company who ready to execute your order at requested price in this market condition...
Please, enlight me
I note that when i place limit order it always hit exact a price i want, but when i put stop order always have slippage
  • #22
  • Oct 23, 2013 7:44am Oct 23, 2013 7:44am
Quoting love.l0ve
{quote} I note that when i place limit order it always hit exact a price i want, but when i put stop order always have slippage
This is a way how it should be. Limit order should be exeduted at requested price or better. Stop order can be executed better or worse. But most of bridges for MT just can't do it. Your pending orders exist only in MT and not exist on LP of your broker in case if it real STP. Once price hit your order bridge will send market order to LP. Result is simple, you should have slippage on all orders (positive or negative). Other rules depend on the broker. He can allow you positive slippage or not. If market is calm your order can be executed at requested price if price won't change during order processing.
  • #23
  • Oct 23, 2013 7:50am Oct 23, 2013 7:50am
Quoting balefx
{quote} This sort of thread would make sense in 2007 when retail FX took off. But if your that stupid complaining around NFP slippage in this day and age you just shouldn't be trading. Up there with the dumbest thing I've seen on FF and that is saying something.
true, i could of explain to him why he had no case but it like beating a dead horse.
  • #24
  • Oct 23, 2013 8:43am Oct 23, 2013 8:43am
Ok i dug out what lmax had during NFP. Looks like this stop would have - potentially - filled much earlier there (at the blue dots between the 2 red lines). Potentially, because i never trade the initial spike so i have no first hand experience.

But if you look at the distance between consecutive dots, you can see lots of gaps, some as large as 20 pips. Spread up to 24 pips. Anyone who clicks into that mess can only blame himself if he gets a bad fill.


http://i.imgur.com/JMEjoIG.png
  • #25
  • Oct 23, 2013 8:45am Oct 23, 2013 8:45am
Look on the bright side. It only cost you $13 to see news trading is a no-no.
Why would you want THEM to improve? Did they cancel any losing trades because they wanted you to improve?
There's many fish in the sea and there's many brokers in the market ... find another one before it's too late.

[quote=love.l0ve;7044598I want them to improve so i can trade with reliable broker[/QUOTE]
forget about tomorrow, just steal away into the night
  • #26
  • Oct 23, 2013 9:20am Oct 23, 2013 9:20am
Quoting spekitox
Look on the bright side. It only cost you $13 to see news trading is a no-no. Why would you want THEM to improve? Did they cancel any losing trades because they wanted you to improve? There's many fish in the sea and there's many brokers in the market ... find another one before it's too late. {quote}
I already trade many broker, different broker so do different slippage, some good, some bad
Which good, i do bussiness with them, which bad, i keep my money low and wait for their improvement
  • #27
  • Oct 24, 2013 12:15am Oct 24, 2013 12:15am
Quoting love.l0ve
I never trade news, news trade me ) I note that when i place limit order it always hit exact a price i want, but when i put stop order always have slippage Yes sometime i have positive slippage but it just 1-2 pips, negative slippage is 3-30 pips Nevermind, i will send it to ASIC, it's not about 13$. I want them to improve so i can trade with reliable broker
Trust me, it's not with your $13 that you will make them want to improve...

Instead of waiting for something such as them "improving" to happen, move on...
What does a trader do when the observed product doesn't move ? Does he stay in front of the screen in the hope for some move, or does he chose to observe other products ?
In addition to this, maybe the actual functioning is ok for the broker, and remember, the goal of a company is to make money, not necessarily by making clients happy.
  • #28
  • Oct 24, 2013 8:05am Oct 24, 2013 8:05am
Quoting Akh12851
{quote} Trust me, it's not with your $13 that you will make them want to improve... Instead of waiting for something such as them \"improving\" to happen, move on... What does a trader do when the observed product doesn't move ? Does he stay in front of the screen in the hope for some move, or does he chose to observe other products ? In addition to this, maybe the actual functioning is ok for the broker, and remember, the goal of a company is to make money, not necessarily by making clients happy.
Hehe, i already comment above. I don't wait for their improvement, i trade many broker out there and know which good which bad. When they improve liq and execute a trade i will do bussiness with them
  • #29
  • Oct 25, 2013 12:28am Oct 25, 2013 12:28am
love.l0ve

I am a little confused, why would Pepperstone want to close your position deliberately on a 30 pip slippage? What would they gain from that?
|
  • #30
  • Oct 25, 2013 5:18am Oct 25, 2013 5:18am
Quoting Mpx
love.l0ve I am a little confused, why would Pepperstone want to close your position deliberately on a 30 pip slippage? What would they gain from that? |
They did it to steal his $13
  • #31
  • Oct 25, 2013 5:54am Oct 25, 2013 5:54am
Quoting TheMaxx
{quote} They did it to steal his $13
Yeap...it was a plan. It was a joke or you are serious. If yes than...you are just mental.
  • #32
  • Oct 25, 2013 6:40am Oct 25, 2013 6:40am
Quoting Max FX
{quote} Yeap...it was a plan. It was a joke or you are serious. If yes than...you are just mental.
No, think about it. Maybe those guys were hungry, and a Club Sandwich cost 13$ but they forgot their wallet at home. Then they thought "Hey why don't we get that 13$ from love.l0ve" ? Would be the easiest thing to finance it at this moment.
Forex is a losers game.
  • #33
  • Oct 25, 2013 6:57am Oct 25, 2013 6:57am
maybe their liquidity sucks
  • #34
  • Oct 25, 2013 8:30am Oct 25, 2013 8:30am
Quoting seaman2
maybe their liquidity sucks
maybe semen. maybe.
  • #35
  • Oct 25, 2013 6:04pm Oct 25, 2013 6:04pm
If Pepperstone were a market maker I would see the benefit but they aren't. If you want your price to be executed at your stop loss then go to a market maker, they have the power to manipulate prices in such a manner.

During this kind of news events there is no liquidity at all that's the thing. Any experienced trader knows that and manages it accordingly.

That's the problem with the retail traders, the majority don't understand how the mechanics behind the markets work. If you trade on professional platforms such as TT traders technology you can actually witness how shortly before the event most orders are withdrawn and hence there are only bids and offers are prices very far apart from each other.

Just a word of advice: Get really clear on how the markets work before you start executing bigger positions, or you are going to lose all your money. I see that far too often that traders have a strategy that works but are not able to make it work simply because they have no understanding of how the products need to be managed.

Another common rookie pitfall is for traders who use MT4 put in a limit order but forget to implement the spread into their limit price and then get disappointed that the order was not executed.
  • #36
  • Oct 27, 2013 5:36am Oct 27, 2013 5:36am
I can't believe I wasted minutes of my time to actual open this thread and read.

If price is in other direction, you will have not much to say, but pleased with the outcome. If you can't accept the loss, don't trade. Read more from Babypips.com. Period.
  • #37
  • Oct 28, 2013 10:00am Oct 28, 2013 10:00am
I think we should stop to reply in this thread) One stupid post and many people know that nothing wrong with Pepperstone. Maybe it was a plan
  • #38
  • Nov 1, 2013 1:54am Nov 1, 2013 1:54am
Another clear trade before profit

On Oanda highest price is 109.717, a trade of my friend on Oanda isn't hit SL and now profit
If my trade still in market i already hit my TP

Huge slippage
http://www.forexfactory.com/showthread.php?t=453709
Attached Image (click to enlarge)
Click to Enlarge Name: 01-11-2013 1-48-55 CH.jpg Size: 194 KB
  • #39
  • Nov 1, 2013 2:02am Nov 1, 2013 2:02am
Another clear trade before profit

On Oanda highest price is 109.717, a trade of my friend on Oanda isn't hit SL and now profit
If my trade still in market i already hit my TP
Attached Image (click to enlarge)
Click to Enlarge Name: 01-11-2013 1-48-55 CH.jpg Size: 194 KB
  • #40
  • Nov 1, 2013 2:12am Nov 1, 2013 2:12am
What position did you have and where was your stop?
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