Pending order didn't trigger | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

MT4 Order Pending Order/Order Modify Issue 1 reply

Why didn't my TP trigger? 7 replies

Stop Loss Didn't Trigger 0 replies

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

Pending order trigger alert 3 replies

Attachments: Pending order didn't trigger
Exit Attachments

Pending order didn't trigger

  • #1
  • First Post: Jul 5, 2015 7:29pm Jul 5, 2015 7:29pm
Hi guys, I'm curious whether the price should intersect the pending order or maybe it's enough to pass it, for the pending order to trigger.Long story short, I had 2 pending orders this weekend, eurjpy and eurusd and both went as I expected to. However, the pending orders didn't trigger. The market opened at a price below my orders and they were canceled.
In the screenshots, the dotted line was my pending order.

Is this normal for all the brokers/platforms? Or maybe I should complain to my broker.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-m15-hf-markets-ltd.png Size: 22 KB

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m15-hf-markets-ltd.png Size: 22 KB
Using the RobotFX EAs for a while https://www.robotfx.org/
  • #2
  • Jul 5, 2015 7:50pm Jul 5, 2015 7:50pm
Quoting wattaman
Hi guys, I'm curious whether the price should intersect the pending order or maybe it's enough to pass it, for the pending order to trigger.Long story short, I had 2 pending orders this weekend, eurjpy and eurusd and both went as I expected to. However, the pending orders didn't trigger. The market opened at a price below my orders and they were canceled. In the screenshots, the dotted line was my pending order. Is this normal for all the brokers/platforms? Or maybe I should complain to my broker. {image} {image}
A lot of brokers (if not mistaken) would've had already warned their customers that they will only execute "close only" orders on market open following the Greek vote.

Maybe you missed the memo?
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #3
  • Jul 5, 2015 8:21pm Jul 5, 2015 8:21pm
You are lucky they didn't trigger. They won't fill during weekend, and may fill far away when the market opens. Many brokers have been monitoring accounts this past weekend because of the Greece issue. Closing orders and changing margin requirements so some accounts won't get margin calls now.
  • #4
  • Jul 5, 2015 9:22pm Jul 5, 2015 9:22pm
Quoting wattaman
Hi guys, I'm curious whether the price should intersect the pending order or maybe it's enough to pass it, for the pending order to trigger.Long story short, I had 2 pending orders this weekend, eurjpy and eurusd and both went as I expected to. However, the pending orders didn't trigger. The market opened at a price below my orders and they were canceled. In the screenshots, the dotted line was my pending order. Is this normal for all the brokers/platforms? Or maybe I should complain to my broker. {image} {image}
In case of big gap like the one occured today, there are 2 possibilities :

1/ The pending is filled at the first available price at market open
2/ The pending is canceled

Which one would you prefer ?

As said Renegade in the post above, you were lucky your broker chosed the point #2 ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #5
  • Jul 6, 2015 3:24am Jul 6, 2015 3:24am
Quoting wattaman
Hi guys, I'm curious whether the price should intersect the pending order or maybe it's enough to pass it, for the pending order to trigger.Long story short, I had 2 pending orders this weekend, eurjpy and eurusd and both went as I expected to. However, the pending orders didn't trigger. The market opened at a price below my orders and they were canceled. In the screenshots, the dotted line was my pending order. Is this normal for all the brokers/platforms? Or maybe I should complain to my broker. {image} {image}
I think you should ask your broker for explanation. Your orders should be triggered at the first available prices around 134.00 for EUR/JPY and 1.0990 for EUR/USD (if there isn't some special announcement regarding the current market conditions)
  • #6
  • Jul 6, 2015 7:51am Jul 6, 2015 7:51am
Quoting FerruFx
{quote} In case of big gap like the one occured today, there are 2 possibilities : 1/ The pending is filled at the first available price at market open 2/ The pending is canceled Which one would you prefer ? As said Renegade in the post above, you were lucky your broker chosed the point #2 ...
Hmmm.... so brokers will do either of these 2, is that what you're saying?

What if they don't close the orders, Monday starts as it did, with that gap long below the order and the price goes up? Will the order be triggered then OR, being a sell, it will be triggered when/if the price goes down (crossing the pending order again)
I'm trying to understand how it usually works, I don't really use pending orders but maybe I'll find a use
Using the RobotFX EAs for a while https://www.robotfx.org/
  • #7
  • Jul 6, 2015 8:03am Jul 6, 2015 8:03am
Quoting wattaman
{quote} Hmmm.... so brokers will do either of these 2, is that what you're saying?
I'm just saying that there are only 2 possibilities. No sure which one your broker does ... You may have to ask directly ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #8
  • Jul 6, 2015 8:09am Jul 6, 2015 8:09am
Quoting wattaman
{quote} Hmmm.... so brokers will do either of these 2, is that what you're saying? What if they don't close the orders, Monday starts as it did, with that gap long below the order and the price goes up? Will the order be triggered then OR, being a sell, it will be triggered when/if the price goes down (crossing the pending order again) I'm trying to understand how it usually works, I don't really use pending orders but maybe I'll find a use
It doesn't matter what type is the order. Every order from the zone of the gap will be executed immediately at the first available price.
  • #9
  • Jul 6, 2015 9:10am Jul 6, 2015 9:10am
Precisely as renegade You are lucky they didn't trigger. They won't fill during weekend, and may fill far away when the market opens. Many brokers have been monitoring accounts this past weekend because of the Greece issue. Closing orders and changing margin requirements so some accounts won't get margin calls now.
  • #10
  • Jul 7, 2015 1:03am Jul 7, 2015 1:03am
Quoting kvv888
{quote} It doesn't matter what type is the order. Every order from the zone of the gap will be executed immediately at the first available price.
OK, got it. Thanks.
Using the RobotFX EAs for a while https://www.robotfx.org/
  • #11
  • Jul 7, 2015 10:15am Jul 7, 2015 10:15am
If those pending trades are last week, it's your broker caused it because the huge gap could happened.
But can you tell me how to make my MT4 show the red and greend ticks like your MT4? it looks attactive than my default MT4.
  • #12
  • Last Post: Jul 7, 2015 10:50am Jul 7, 2015 10:50am
Just out of curiosity...

Were your pending trades stop orders or limit orders ?

In the case of limit orders, it seems very likely that your broker will cancel your pending orders because of the lack of counterpart (limit order must be executed at a specific price of or be canceled) =>2nd possibility for FerruFX

In the case of stop orders, logicaly, your trade is opened at the first available price once the level has been crossed, which in our case would have resulted in your trades being executed right at the week open => 1st possibility for FerruFX

Maybe the solution is right there
0 traders viewing now