DislikedHow i traded =) Maybe I was lucky but look its possible with 6 pip SL xD I had it as pending order and tp at 100 pips and didnt touch computer cuz was busy painting new house we are going to move in {image}Ignored
the first move was an almost instant 310 pips on my chart, where I am sure your favorite broker would be happy to fill your pending order's SL at -300 pips...only a mere 50x your SL ( or -100% if you risk 2% per trade)
but wouldn't need to worry a sec, there wont be much a chance theoretically, cos your account will be in margin call actually before the SL can be even filled by the broker.
in my opinion it is no place of pending orders before high impact news, as SL got skipped and slipped at the brokers mercy, where TP might magically filled with lot less positive slippage.
in an ideal world straddle the narrow channel before news would be a great strategy, in reality, it more of a winner for broker than traders, as playing field heavily tilted that way.
there is always, always another trade!!