And Oanda. I wonder if we will be paying for it in spread increases now. What other brokers honored stops? <- nm I see a lot of that discussion in the brokers forum.
{quote} Whatever it is, you cannot protect yourself in such situation. No one is trader who do not use stop loss but everybody is looser even if you use it in high voltage panic situation in the markets. There is stop-loss guarantee is needed. But I am not so sure which broker offer it. Since Alpari and Nzd based broker has closed Fx operations and others like FXCM etc. are still calculating the exact loss they suffered. But as i know bank never use stoploss for trading since they have huge funds to manage the markets. what is down today will be...
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Yes, stop-loss guarantee, options, funds, are all good ones to control risk.
Of course stops are meaningful. Why they werent honored in this case is because there werent enough buyers. There were probably a handful of people with standing buy orders within a 100 pip region but after that on the way down there is no one but maybe a few knife catchers and algos. Everyone was selling, and maybe only a handful were buying. Unfortunately this means some stop orders wont be filled. Of all the major pairs this one was most likely to go. Even if the Euro breaks up I doubt it would cause a 5000 pip move. Point Im making is this was...
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So an sl of 20 pips would have quickly taken most people out before it dropped?
