SL executed below quote | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

If the pending order is executed,will its order type be changed to order_buy 3 replies

[NFA] broker cancel executed orders no longer allowed 3 replies

How to impelement LIMIT order with high probability to be executed? 7 replies

Are stop loss and OCO orders pretty tightly executed generally? 6 replies

why didn't my TP get executed? 7 replies

Attachments: SL executed below quote
Exit Attachments

SL executed below quote

  • #1
  • First Post: Nov 29, 2013 1:13pm Nov 29, 2013 1:13pm
Dear Forexfacty members,

today I observed a loosing trade in more detail.
The lowest quote of the 1H bar is 1.66584
and the SL was executed at 1.6656

That is a difference of 2.4 pips
Why is that, did you observed something similar before ?
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 138 KB
  • #2
  • Nov 29, 2013 1:41pm Nov 29, 2013 1:41pm
Quoting Kershey
Dear Forexfacty members, today I observed a loosing trade in more detail. The lowest quote of the 1H bar is 1.66584 and the SL was executed at 1.6656 That is a difference of 2.4 pips Why is that, did you observed something similar before ? {image}
If there is a problem, only your broker can answer fully.
EURNZD can have a quite large spread with some brokers and if you have the platform chart showing mid or ask price, it is possible that a SL will be hit at bid, lower than what the chart shows
Please Do Not PM Me With Coding Enquiries
  • #3
  • Edited 3:49pm Nov 29, 2013 3:49pm | Edited 3:49pm
Hi Bro, not sure if you are using Oanda, if so, I think you are having doubts on this. For Oanda, the candles doesn't reflect the actual bid/ask price of that particular seconds, so by adding bid and ask lines, you will know how your SL are executed. Try get to lower timeframe to look at the bid/ask lines for clearer prices. (Eg, 5 secs)

PS: I got this information when I called Oanda, when my SL got hit ridiculously.

Call them if you have further doubts.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 183 KB
The only winner is the one who survive the longest...
  • #4
  • Nov 29, 2013 4:57pm Nov 29, 2013 4:57pm
What was the spread at the time? My guess is 2.4 pips.
  • #5
  • Nov 30, 2013 3:47am Nov 30, 2013 3:47am
Thank you Gumrai and kinspk ;-)

I resolved the price in the min/max chat at a very low timeframe (1min).
It showes that the lowest price was in fact 1.66557 which is 0.3 pips after the stop.
Until now I did not know that a candelstick-chart does not really represent the
absolute lowest quote.
Attached Image (click to enlarge)
Click to Enlarge Name: minmax.jpg Size: 171 KB
  • #6
  • Nov 30, 2013 8:15am Nov 30, 2013 8:15am
Quoting Kershey
Thank you Gumrai and kinspk ;-) I resolved the price in the min/max chat at a very low timeframe (1min). It showes that the lowest price was in fact 1.66557 which is 0.3 pips after the stop. Until now I did not know that a candelstick-chart does not really represent the absolute lowest quote.
Kershey

I really think you should change your broker

Lot of nonsense about different time frame candles showing different prices!!!

Lowest price was .66571

You've been done!
  • #7
  • Dec 2, 2013 2:42am Dec 2, 2013 2:42am
If you called the broker, they are gonna blame the slippage on some news release or something.
Once I was stopped out 16 pips before the SL price with a cyproit broker.....funny enough I quit the firm that same day
  • #8
  • Dec 3, 2013 1:11pm Dec 3, 2013 1:11pm
It's slippage, it happens to everyone now and then. I accommodate for slippage by being a bit more conservative with my SL and TP orders. In the past I have always had SL executed late by slippage, 2 - 3 pips normally and so I place my SL usually 2 pips below where I would have put it in the past, with the expectation of it closing 2 pips higher than instructed. It works for me. I only do this when the market is volatile though and on shorter time frames. Whn swing trading I have yet to encounter any slippage problems.

FWIW I am with FXCM and found them to be the best of the ones I tried. Oanda were okay too but their charts lagged for me during peak times. FXPro were not a good experience, slippage occurred a lot with them. DYODD though, no need to just stick with one bucketshop.
  • #9
  • Dec 3, 2013 2:39pm Dec 3, 2013 2:39pm
Quoting Lib3rty
It's slippage, it happens to everyone now and then. I accommodate for slippage by being a bit more conservative with my SL and TP orders. In the past I have always had SL executed late by slippage, 2 - 3 pips normally and so I place my SL usually 2 pips below where I would have put it in the past, with the expectation of it closing 2 pips higher than instructed. It works for me. I only do this when the market is volatile though and on shorter time frames. Whn swing trading I have yet to encounter any slippage problems. FWIW I am with FXCM and found...

I agree - best to use a broker with little or no slippage although if there was slippage it should still have been recorded as the lowest/highest price. If it was me I'd be kicking up a real stink with my broker!!
  • #10
  • Dec 4, 2013 2:35pm Dec 4, 2013 2:35pm
Here are two other ones. AUD-CHF and GBP-CHF.
GBP-CHF was directly after a news event, so it may be.
The thing is, that all these 3 posted trades
occured in a row on a live account
and 2 of them went back to BE after SL was hit.
Attached Image (click to enlarge)
Click to Enlarge Name: aud-chf.jpg Size: 240 KB
  • #11
  • Dec 4, 2013 2:36pm Dec 4, 2013 2:36pm
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-chf.jpg Size: 228 KB
  • #12
  • Dec 4, 2013 3:23pm Dec 4, 2013 3:23pm
Hi Kershey, you need to check the bid price of that time as I mentioned in a earlier post, if that level was not hit, you need to give them a ring. Candles high low doesn't determine the price of your SL executions.
The only winner is the one who survive the longest...
  • #13
  • Dec 4, 2013 8:28pm Dec 4, 2013 8:28pm
You've already been told (post #2) that it may be due to the price displaced on the chart.
What is the price? Is it bid, mid or ask?
What do the buttons "Buy" and "sell" do?
Please Do Not PM Me With Coding Enquiries
  • #14
  • Last Post: Jan 15, 2021 12:13pm Jan 15, 2021 12:13pm
Economic calendar is most important to follow for fundamental analysis. But trading only depend on fundamental is not proper analysis.
0 traders viewing now