Do you believe brokers hunt your stoploss | Forex Factory

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Do you believe brokers hunt your stoploss

  • Poll

  • how many times this month as your stoploss been hit
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  • #1
  • First Post: Apr 30, 2017 5:48pm Apr 30, 2017 5:48pm
Hi girls and guys does your broker hunt your stoploss and do you believe a stoploss is a must
people leave, but this thread will go on for ever
  • #2
  • May 1, 2017 2:38am May 1, 2017 2:38am
Yes and No

p.s. better flip, instead of taking a sl
Maadik Hugiis. IQ 69.
  • #3
  • May 1, 2017 3:43am May 1, 2017 3:43am
Even if you have a trustworthy broker, nothing can't be done about stop hunting (except maybe taking advantage of it ), because the market itself goes for levels, where stops are congregating.

Then of course there are shady brokers, who like to widen spreads themselves.

Regarding stop losses, they are a must for controlling risk. They can be mental stops though.
Price and volume reveals everything. The market moves on supply and demand.
  • #4
  • May 1, 2017 4:12am May 1, 2017 4:12am
Quoting Aussi
Hi girls and guys does your broker hunt your stoploss and do you believe a stoploss is a must
B book.
No, but there are exceptions.
The funniest, is that nobody takes me seriously.
  • #5
  • May 1, 2017 9:11am May 1, 2017 9:11am
I believe that brokers hunt our stop losses. I have seen how the price hits my stop loss and immediately reverse. It is very suspicious when the price only rise or fall to hit my stop loss and then go back. Don't you think?
  • #6
  • May 1, 2017 7:16pm May 1, 2017 7:16pm
Quoting mark.g
I believe that brokers hunt our stop losses. I have seen how the price hits my stop loss and immediately reverse. It is very suspicious when the price only rise or fall to hit my stop loss and then go back. Don't you think?
That isn't the broker, it's the people with money moving the market. They know where typical dumb trader puts his or her stops.
  • #7
  • May 1, 2017 9:22pm May 1, 2017 9:22pm
Quoting Kanzler
{quote} That isn't the broker, it's the people with money moving the market. They know where typical dumb trader puts his or her stops.
perfect
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  • #8
  • May 2, 2017 12:19am May 2, 2017 12:19am
Quoting Kanzler
{quote} That isn't the broker, it's the people with money moving the market. They know where typical dumb trader puts his or her stops.
Maybe you are right but maybe not. These "people with money" how will know where exactly is my stop loss? This information is visible only to my broker. My stop loss is X level, your stop loss is Y level, another one has Z level stop loss (i mean everyone has different stop loss). And why only my stop loss is hit and the price reverse immediately. Explain this please.
  • #9
  • May 2, 2017 2:06am May 2, 2017 2:06am
Quoting mark.g
{quote} Maybe you are right but maybe not. These "people with money" how will know where exactly is my stop loss? This information is visible only to my broker. My stop loss is X level, your stop loss is Y level, another one has Z level stop loss (i mean everyone has different stop loss). And why only my stop loss is hit and the price reverse immediately. Explain this please.
that's you broker killing one at a time , each desk broker has a number of clients
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  • #10
  • May 2, 2017 2:09am May 2, 2017 2:09am
Quoting Aussi
Hi girls and guys does your broker hunt your stoploss and do you believe a stoploss is a must
No and yes
Look Sharp/Trade Tight
  • #11
  • May 2, 2017 2:11am May 2, 2017 2:11am
Quoting PayTheLimit
{quote} No and yes
just me hunting yours old boy
  • #12
  • May 2, 2017 5:21am May 2, 2017 5:21am
Quoting mark.g
{quote} Maybe you are right but maybe not. These "people with money" how will know where exactly is my stop loss? This information is visible only to my broker. My stop loss is X level, your stop loss is Y level, another one has Z level stop loss (i mean everyone has different stop loss). And why only my stop loss is hit and the price reverse immediately. Explain this please.
Because your stop is either randomly place and just in the middle of a move or placed in typical places traders put them. Above recent highs, for example. That said, not an excuse not to use a stop loss....not using one just results in your account being blown a lot faster. Symptom of not having an edge in the first place.
  • #13
  • May 2, 2017 9:45am May 2, 2017 9:45am
i def consider then having a density metric to close out heavy SL zones, thus settle on consolidation levels
newer to forex but trading is much different than stocks with sentiment
  • #14
  • May 2, 2017 10:19am May 2, 2017 10:19am
They do if you're looking for excuses.
  • #15
  • May 2, 2017 10:39am May 2, 2017 10:39am
I think they not.

1. It's big business and I Think them got money from swaps , commissions, new client etc
Bad advert from traders is dangerous for brokers.
2. Like someone say ,big players "know" where we have SL
3. Some traders forget about spread when putting SL and in the night or some news it's bigger then normal.



And when broker is reliable you can make complain and sometimes they canceled mistakes.
"The essence of Discipline is that there are no exceptions" - Jack Schwager
  • #16
  • May 3, 2017 12:03am May 3, 2017 12:03am
Quoting Don96
{quote} just me hunting yours old boy
hi don and loving it
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  • #17
  • May 3, 2017 12:21am May 3, 2017 12:21am
As crazy as this sounds the market will try to fill orders because that is its purpose !
Therefore a stop loss for you is just an order for the market and "it" will try to make you happy by filling your order (obviously a loss must be what you want)
There is that and the fact that the market cannot function if traders don't lose...
  • #18
  • May 3, 2017 1:41am May 3, 2017 1:41am
Quoting Mingary
As crazy as this sounds the market will try to fill orders because that is its purpose ! Therefore a stop loss for you is just an order for the market and "it" will try to make you happy by filling your order (obviously a loss must be what you want) There is that and the fact that the market cannot function if traders don't lose...
I could not have said like you wrote it Mingary , perfect
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  • #19
  • May 3, 2017 1:47am May 3, 2017 1:47am
Quoting Mingary
As crazy as this sounds the market will try to fill orders because that is its purpose ! Therefore a stop loss for you is just an order for the market and "it" will try to make you happy by filling your order (obviously a loss must be what you want) There is that and the fact that the market cannot function if traders don't lose...
obviously
  • #20
  • May 3, 2017 2:07am May 3, 2017 2:07am
As Mingary said, a stop loss is just an order in the market waiting to be filled.

Getting a stop loss hit on a spike is one unfortunate cost of using stop losses; it can be minimised by placing the stop slightly beyond the 'obvious' place that many other traders might choose so their stops get filled, not yours.

More importantly, I think, is the question whether stop losses are necessary. I would say if you don't use hard stops on each and every trade then you are gambling, not trading. Without a stop you have no risk control and you cannot properly size your position as you have no idea what your maximum loss might be. You simply cannot trade with the possibility of one big bad loss wiping you out. Again, that is gambling, not trading, and as a big error is inevitable at some point in your trading career, it means trading without stops virtually guarantees account wipeout eventually.

I really believe it is this one thing - poor risk control by not having stops - that explains why so many traders lose at this game. It's not because they are so bad at trade selection, it's just they let one loser go massive against them and wipes the account.
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