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Stop Loss And Taking Profit Became TAKE LOSS And STOP PROFIT

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Albert Christian
12
Albert Christian  



Hi, I just experienced this on 13 Nov 2013 23:50 (UTC+2) with my local broker. Is there anyone had same problem? Please help.

Order No 4154814: Closing Price @1282.41 while my Stop Loss @1281.15. There are 126 pips gap and make me loss extra USD 1,512 (126 x 12 Lot).

Order No 4157657: At the same time with order no 4154814, Closing Price @1281.15 same with my Taking Profit @1281.15. There is no gap here, because if there is a gap, I will get extra profit USD 630 (126 x 5 Lot).

Order No 4157661: At the same time with order no 4154814 & 4157657, Buy Stop Price @1281.15 has actual price @1282.41. Again there are 126 pips gap and make loss extra USD 882 (126 x 7 Lot).

Order No 4156832: Order has been canceled.


So, in my case Stop Loss and Take Profit function has become TAKE LOSS and STOP PROFIT. What a mess!


Worse because I lost USD 2,394 if refer to closing price @1281.15 as order no 4157657, or I lost USD 630 if refer to closing price @1282.41 as order no 4154814 & 4157661.


Please help. Thanks.


Albert CRI - Jakarta, Indonesia.

Keith Watford
Moderator
10637
Keith Watford  

What is the typical spread for gold with your broker?

With most brokers, spread is usually around 50 or 60 points (1 point being 0.01)

Unfortunately, at times spreads can widen and excessively at times to 100 or 150 points

This is probably what happened in your case. The spread widened, remember that a Buy is settles at Bid and a Sell at Ask.

Ian Venner
2584
Ian Venner  

Take loss and stop profit lol ... I've written EA's that excel at doing that

whroeder1
15722
whroeder1  
Turn on the Ask line and you'll see how the spread compares to your stops.
Ex Ovo Omnia
3317
Ex Ovo Omnia  
albertcri:


...

Albert CRI - Jakarta, Indonesia.


Hi Albert, did you see with your own eye how it happened? I wonder if price went through the stops letting the order open for several more seconds.. i. e. between the stop price and the close price there were a couple of ticks. If this was the case, then you should leave the broker.
Albert Christian
12
Albert Christian  
GumRai:

What is the typical spread for gold with your broker?

With most brokers, spread is usually around 50 or 60 points (1 point being 0.01)

Unfortunately, at times spreads can widen and excessively at times to 100 or 150 points

This is probably what happened in your case. The spread widened, remember that a Buy is settles at Bid and a Sell at Ask.


Thanks brother
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