Reasons why you should use a hidden stop loss that works on the bid price
25 March 2015, 20:33
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Did you know that brokers or market makers can trigger your stop loss on a short trade just by spiking the spread? This does not appear in the history data or show up in charts, as those only show the bid price. With runwiseFX all the stop loss and take profits work on the bid price and aren't affected by spikes in the spread.
Our trade manager EA provides this hidden stop loss functionality: https://www.mql5.com/en/market/product/7570
Also available on our binary options trading style EA: https://www.mql5.com/en/market/product/8559
More on this in our video - Truth About FOREX Brokers:
