My stop loss was executed. Was it the spread? | Forex Factory

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My stop loss was executed. Was it the spread?

  • #1
  • First Post: Edited Mar 5, 2014 12:55am Mar 4, 2014 1:41pm | Edited Mar 5, 2014 12:55am
Hello,
So i have recently started live trading with fxopen.net, by openning an account as small as $10 just to test the waters before jumping in with serious capitals,

So, i placed a trade with stop loss, go away and come back only to find my trade has stopped out. The odd thing? the market never reached my S/L price
I have uploaded a picture, At first i thought this was just an error with my charts or something so i decided i make my stops less strict and the problem be solved.
Today however the situation happened again with gold, giving me 55 pips loss where i could be in profit right now. I was stopped out at 1340.90 where in my 1 minute chart, i don't see any candle going over 1340.30
Attached Image (click to enlarge)
Click to Enlarge Name: 3.png Size: 84 KB
  • #2
  • Mar 4, 2014 11:58pm Mar 4, 2014 11:58pm
Z12, you were stopped out by the normal spread as 55 points doesn't really qualify as slippage. No need to send a support ticket as this is normal.
  • #3
  • Mar 5, 2014 12:56am Mar 5, 2014 12:56am
You are right, I don't know what i was thinking last night. But i definetely feel like an idiot right now
Thanks
  • #4
  • Mar 23, 2014 4:01pm Mar 23, 2014 4:01pm
Hello all

I am new and can't open questions, so I am soorry.

I want to ask why is my spread sometimes bigger then promised?
Is my broker stilling from me?
  • #5
  • Mar 25, 2014 7:46am Mar 25, 2014 7:46am
Quoting Spirsfink
Hello all I am new and can't open questions, so I am soorry. I want to ask why is my spread sometimes bigger then promised? Is my broker stilling from me?
Best thing to do is change your broker.
  • #6
  • Mar 31, 2014 3:45am Mar 31, 2014 3:45am
Quoting Spirsfink
Hello all I am new and can't open questions, so I am soorry. I want to ask why is my spread sometimes bigger then promised? Is my broker stilling from me?
Sorry, and who is your broker? Just interest
  • #7
  • Apr 1, 2014 7:40am Apr 1, 2014 7:40am
When you take short, include the spread in your stop loss, for me, i'm usually put my SL above resistance area, around 1-3 pip + spread
  • #8
  • Apr 1, 2014 7:57am Apr 1, 2014 7:57am
Quoting polystrenema
When you take short, include the spread in your stop loss, for me, i'm usually put my SL above resistance area, around 1-3 pip + spread
So many people, so many opinions...
  • #9
  • Apr 1, 2014 4:46pm Apr 1, 2014 4:46pm
Quoting aneah
{quote} So many people, so many opinions...
yeah, they have their own brain and mind, havent they?
  • #10
  • Apr 2, 2014 12:32am Apr 2, 2014 12:32am
Quoting polystrenema
{quote} yeah, they have their own brain and mind, havent they?
At least, not everyone has brain )))
But I like your opinion about place of SL
  • #11
  • Apr 2, 2014 12:40am Apr 2, 2014 12:40am
Quoting polystrenema
{quote} yeah, they have their own brain and mind, havent they?
At least, not everyone has brain )))
But I like your opinion about place of SL but not for every TFs
  • #12
  • Apr 2, 2014 1:49am Apr 2, 2014 1:49am
Quoting aneah
{quote} At least, not everyone has brain ))) But I like your opinion about place of SL but not for every TFs
Depending on what kind of trader you are,
  • #13
  • Last Post: Apr 3, 2014 8:02am Apr 3, 2014 8:02am
Quoting polystrenema
{quote} Depending on what kind of trader you are,
Yeah!)))) +1
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