What happened here - did the spread trip my stop? | Forex Factory

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What happened here - did the spread trip my stop?

  • #1
  • First Post: Jun 3, 2014 3:00pm Jun 3, 2014 3:00pm
This is my demo account so not a big deal but could someone with more experience help me understand what happened here.... The price did not come even close but my stop loss got executed...
Thanks for commenting...
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  • #2
  • Jun 3, 2014 6:11pm Jun 3, 2014 6:11pm
It looks that way Zoran. Is this an exotic pair and perhaps a smaller timeframe?

How many pips away was your stop loss hit from that spike up? Might be worthwhile finding a pair with a lower spread to trade or find a new broker that can offer you what you want for this pair.
  • #3
  • Jun 3, 2014 7:15pm Jun 3, 2014 7:15pm
Quoting ZoranB
This is my demo account so not a big deal but could someone with more experience help me understand what happened here.... The price did not come even close but my stop loss got executed... Thanks for commenting... {image}
Keep in mind that a SELL position is closed by the ASK price ... so before you see the chart price reach your stop point.
MT4/MT5 EAs/Indicators/Alerts coder
  • #4
  • Jun 3, 2014 9:37pm Jun 3, 2014 9:37pm
What pair were you trading? I can't see it in the picture. But judging by dotted red line it looks like the spread widened and caused your trade to stop out. There should be an option to change the price on your chart from bid to ask. Try changing that and you'll probably see price action hit your stop order.
  • #5
  • Jun 3, 2014 10:05pm Jun 3, 2014 10:05pm
Quoting Rgr1855
There should be an option to change the price on your chart from bid to ask.
The Ask line can be plotted on chart but not in replacement of the Bid.

F8 > Common tab > Show Ask Line
MT4/MT5 EAs/Indicators/Alerts coder
  • #6
  • Jun 4, 2014 8:51pm Jun 4, 2014 8:51pm
Quoting FerruFx
{quote} The Ask line can be plotted on chart but not in replacement of the Bid. F8 > Common tab > Show Ask Line
Hmmm I must be doing something wrong here but when I select the show ask line option I do not see any additional line on my screen (É)
  • #7
  • Jun 4, 2014 8:55pm Jun 4, 2014 8:55pm
Quoting Rgr1855
What pair were you trading? I can't see it in the picture. But judging by dotted red line it looks like the spread widened and caused your trade to stop out. There should be an option to change the price on your chart from bid to ask. Try changing that and you'll probably see price action hit your stop order.
EURCHF and it was close to 10 pips.... I guess it must have been spread, thanks...
  • #8
  • Last Post: Jun 4, 2014 8:56pm Jun 4, 2014 8:56pm
Quoting TradeDream
It looks that way Zoran. Is this an exotic pair and perhaps a smaller timeframe? How many pips away was your stop loss hit from that spike up? Might be worthwhile finding a pair with a lower spread to trade or find a new broker that can offer you what you want for this pair.
Thanks a lot - it was close to 10 pips.
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