Closing positions by themselves

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Hi!

Why would some positions close by themselves, even if there is no problem with free margin, stop-out or anything similar? One closed while being the only one opened. Meanwhile other four closed simultaneously (one on profit, and 3 on loss), just like that. And so on, I cannot find any explanation. Why??? 

 
wildkatt:

Hi!

Why would some positions close by themselves, even if there is no problem with free margin, stop-out or anything similar? One closed while being the only one opened. Meanwhile other four closed simultaneously (one on profit, and 3 on loss), just like that. And so on, I cannot find any explanation. Why??? 

ask your broker. they are your first point of contact -- always. if you are not satisified with their response, change brokers. And imo -- if you do not use ea or script to close your trades, then, i would have already closed my account and moved to another broker -- if that happened to me -- and i wouldnt be wasting time asking questions and wasting even more time while waiting for responses!

but possible reasons for them closing could be that your broker has terms with you that they close all trades at end of day -- or if not forex, it might be contract terms that you automaticly agreed to when you opened the trade. These can be confirmed by asking your broker.

 
Michael Charles Schefe #:

ask your broker. they are your first point of contact -- always. if you are not satisified with their response, change brokers. And imo -- if you do not use ea or script to close your trades, then, i would have already closed my account and moved to another broker -- if that happened to me -- and i wouldnt be wasting time asking questions and wasting even more time while waiting for responses!

but possible reasons for them closing could be that your broker has terms with you that they close all trades at end of day -- or if not forex, it might be contract terms that you automaticly agreed to when you opened the trade. These can be confirmed by asking your broker.

I cannot, as it was an account from a prop firm, that I have just lost (as I got to the maximum traildown, which was already very tight as a condition, but I accepted it like that) because of these <...> positions that closed themselves. Could it be a scam? Some sort of collaboration between the prop and the broker? I have never met a similar situation before 
 
wildkatt #:
I cannot, as it was an account from a prop firm, that I have just lost (as I got to the maximum traildown, which was already very tight as a condition, but I accepted it like that) because of these <...> positions that closed themselves. Could it be a scam? Some sort of collaboration between the prop and the broker? I have never met a similar situation before 

Dude... That is the nature of how most proprietary trading firms operate. In other words, you blew the account─pursuant to the firm's terms.

By the way, profanity is not allowed to be posted in the Forum.

 
Ryan L Johnson #:

Dude... That is the nature of how most proprietary trading firms operate. In other words, you blew the account─pursuant to the firm's terms.

By the way, profanity is not allowed to be posted in the Forum.

If you cannot answer a question, keep your thoughts for yourself. If you want to answer, then read it accordingly in the first place. Thank you.

PS. It s not my first prop account, I cannot complain about the first :) But never had positions closed out of nowhere.

 
wildkatt #:

If you cannot answer a question, keep your thoughts for yourself. If you want to answer, then read it accordingly in the first place. Thank you.

PS. It s not my first prop account, I cannot complain about the first :) But never had positions closed out of nowhere.

What part of this do you fail to understand?:

 
Ryan L Johnson #:

What part of this do you fail to understand?:


The one where positions are closing one after another. I posted one just for testing, after first 2 seemed off. Thought I closed them by mistake or something. At about 0.4 lots, so no risk, no stop loss, no nothing - and it closes. I post another 2, again it s good. Thought it was a bug. Posted another. And so on. They were about half and half positions (truly completed and out of nowhere closed) when I looked back WITHOUT LOGICAL REASON (mostly on loss, but one of them on its way on being on PROFIT, I mean wtf). One reason is this prop one is a scam (even if they seemed reasonable), as many of them live just from fees and taxes, and have an algorhythm that do this for you to reach rapidly the limit. Other reason there is a technical problem I oversee right now on meta5 (my first one is another platform with another broker, and never ever had technical issues). That is why I am asking. 
 
wildkatt #:
The one where positions are closing one after another. I posted one just for testing, after first 2 seemed off. Thought I closed them by mistake or something. At about 0.4 lots, so no risk, no stop loss, no nothing - and it closes.

Were those trades a buy and and a sell, respectively? If so, was that account a Netting mode account? (You can only hedge in a Hedge mode account).

wildkatt #:
I post another 2, again it s good.

Were those trades a buy and a sell, respectively?

wildkatt #:
Posted another. And so on. They were about half and half positions (truly completed and out of nowhere closed) when I looked back WITHOUT LOGICAL REASON (mostly on loss, but one of them on its way on being on PROFIT... ).

Were those trades a buy and a sell, respectively?

Are you scaling-in (increasing your lot size) to recover losses? (Some prop firms prohibit that).

wildkatt #:
One reason is this prop one is a scam (even if they seemed reasonable), as many of them live just from fees and taxes, and have an algorhythm that do this for you to reach rapidly the limit.

I'm not denying that some prop firms are scams. Some broker-dealers are as well.

The answer that you seek is likely in the written terms of the prop firm. Any prop firm that at least tries to appear legitimate typically has lengthy contractual terms posted on its website. Reading the highlights of the account types during sign-up, for example, is insufficient. The lengthy contractual terms can vary from very specific metrics to vague recommendations. My solution is simply to pass over any prop firm whose terms that I find unacceptable.

There is a brick-and-mortar proprietary trading firm in my home state─which has no drawdown limits. They have 2 offices/trading rooms nearby, but you have to hand over 5 digits of USD to get into the game with them. They also only deal with stocks, futures, and options; and all trading platforms are paid platforms─not MT5. That is a traditional proprietary trading firm. The more recent proliferation of online prop firms is more or less a horse of a different color.

wildkatt #:
Other reason there is a technical problem I oversee right now on meta5 (my first one is another platform with another broker, and never ever had technical issues). That is why I am asking.

I highly doubt that MT5 is the problem. I've been trading on MetaTrader for several decades, and any such "bug" as you describe and that I temporarily experienced were a result of my own custom trading algorithms. 99.9% of the time, that is the case for everyone using MetaTrader.

If you're manually trading, this MT5 question is moot.

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