Anyone have this spike

Anyone have this spike on GBP. It stopped me out at 8915. It just came out of nowhere. I've been babysitting this trade all day, and set a stoploss and went to do something for about twenty minutes and come back and BAM.

It's on mine, too.

I use FXDD and don't have it on mine, but there was one on mine last night that came out of nowhere over 100 pips on the same pair and timeframe ???

It seem awful fishy that it recovered and then just when I set a stoploss it drops down to my exact stoploss and not one pip below and shoots right back up in one minute. I think we refer to this as brokers stop hunting.... Aaahh

There were many spikes today with one low at 1.8900 on FXDD. There was a high spike of 1.8995 also.

That was a server error according to FXDD chat and did not affect trading.

Who is you broker Stockwet?

Yes, the low spikes are on my charts as well. But even if they were not, so what. Brokers run stops... I trade to run stops... Institutions trade to run stops. This business is not fair and it is not clean and the broker is not your friend. They are there to make money...

Yes, but when institutions trade to run stops it affects the market the same way, and that is reflected the same way by all brokers. Brokers do differ in their price by 1-4 pips. I know the broker is not my friend, but it seems that my chart has been altered to stop me out. I've got one person that says it's not on his chart. My point is if my broker is doing something that other brokers aren't, and it's costing me to lose money, then I will change brokers. So right now I'm trying to find out if this spike really happened across the FX board, or was it manipulation by my broker.

I think it was ligit everywhere....

or at least on the 2 charting services I use....

I agree with you 100% smjones.

Thank you for clarifying this richx7. Amaru.......

i heard of a guy that received the software to spike a metatrader platform and he has done it to test it. it showed up on my live and demo platforms for this particular broker. no other broker has this spike he told us he would make. he is too scared to do anything with it now. i don't think it is illegal but it sure is dangerous.

I saw the spike on CMS's VTTrader (was watching the GBP/JPY)... however, I did not see anything unusual on MBTrader's Navigator...

http://img292.imageshack.us/img292/8...tledlg7.th.png

EDIT: Checked out another platform... no spike.

EDIT2: 1-minute chart on the GBP/JPY:

http://img214.imageshack.us/img214/9...tledny3.th.png

On Oanda, mine bottomed out at 1.89177 at 2:22pm Pacific Time (US). If you count the spread, it may have stopped me out also.

CoesFX

I checked MetaQuotes' demo server and it goes down to 17.

As for the comment that prices don't differ by 1-4 pips, well, that's crazy talk. Prices can vary by a lot more than that. Think about it, this is an interbank market. If there are 15 huge banks serving this market (I know, probably more, but, just follow the example) then your broker might have a relationship with one of them, maybe 5 at best. My broker might have a relationship with two others not in your pool. They're related, but I might be dealing with entirely different market makers than you. Of course my prices will be a little different. Why do you think that candle shapes look different between different brokers?

If you want to see what a real stop hunt looks like, read my thread called "Stop Hunting".

Also, I have an expert somewhere on here called "ManageTakeProfit". Or, maybe that's in one of the other forums. Anyway, I don't add stop losses to my orders any more, just to ensure that brokers aren't tempted. I use an expert to manage my stop loss.