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Bad Order

zaragorath · 13 · 2513

zaragorath

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on: Jan 06, 2012, 10:11 PM
Have you guys ever had an experience of being filled an order at a certain point, and then suddenly, the order placement changes..for example you are 1.27825 in for a sell, obviously to make a profit, suddenly for some reason the broker changes the order to a a lower position like 1.27620, you would be down 200 profit the next second and the weird thing is, price isnt even near that point yet...after this experience, my broker margin called my trade...really good way to kill your account..


ferrariEverest

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Reply #1 on: Jan 07, 2012, 04:31 AM
teka, let's be clear
confirmed sell na yung 1.27825, tapos biglang nabago?
aba, sinong lokong broker yan??
live trade?
wag ka maglakad, run away! :D

btw, hindi 200pips yun, 20pips lang. (5th decimal point is pipette lang)


Prospera

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Reply #2 on: Jan 07, 2012, 07:47 AM
Many brokers, especially the market-makers, play tricks with client's accounts in order to protect themselves. Examples would be widening spreads during news releases, freezing the platform, requoting prices, disconnecting, etc.

That's why you need to choose a good broker in the first place. If your broker is fairly decent, it will correct the mistake if you could provide proof of its occurence, such as screenshots. You could also vent at forums (Forexpeacearmy, for one, lets disgruntled clients air issues about specific brokers in their ratings section).


zaragorath

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Reply #3 on: Jan 07, 2012, 08:03 AM
yea, your right, i guess i didnt expect it to happen there..gah, 5 digit nga. Too bad i dont have proof as i never saw it coming, however; planning to take pics from now on on every order..i lost 30 dollars there from a 100 dollar account..anyway, no more trading h1 time frame, moving on to daily; is it possible btw for something like that to happen on the daily? kasi when it happened, i entered my order, the price froze for like 30 sec, di gumalaw tapos biglang from -26 pips, naging -238, i was shocked i couldnt believe my eyes..eventually it became -40 then jumped back all the way to 100, went to -250+ and it hit stop loss..damn it this happened 8:00 yesterday btw, yung first big red candle towards the new york session..


SAGAD

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Reply #4 on: Jan 07, 2012, 12:58 PM
ngek...

NFP release nung time na un...

were u entering on a market order or limit order?

lahat ng broker halos nagkakaroon ng slippage during news release, lalo na NFP, bec of extreme volatility...

next time, check mo muna kung may upcomming news...



BFXGeneralConsultant

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Reply #5 on: Jan 07, 2012, 01:03 PM
ngek...

NFP release nung time na un...

were u entering on a market order or limit order?

lahat ng broker halos nagkakaroon ng slippage during news release, lalo na NFP, bec of extreme volatility...

next time, check mo muna kung may upcomming news...



Trade by NEWS is GOOD but too risky.. be careful hehehe..


zaragorath

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Reply #6 on: Jan 07, 2012, 07:54 PM
so in this case di fault ng broker?


SAGAD

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Reply #7 on: Jan 09, 2012, 08:14 AM
u can always ask the live customer service what happened to ur trade...

just give them the ticket number...


jerbersoftfx

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Reply #8 on: Jan 10, 2012, 09:12 PM
sir zaragorath, common na nangyayari sa ibang brokers yan lalo na pag malaking balita o high volatility. example is OANDA, kung malaking news, yung EURUSD nagiging 10 pips ang spread nun. then aferwards, unti-unting bumababa.

before taking a trade in a pair pag kapanahunan ng news, make sure ang spread is yung normal lang. ;-)


ferrariEverest

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Reply #9 on: Jan 10, 2012, 10:38 PM
yea, your right, i guess i didnt expect it to happen there....
dmo pa nasagot kugn sinong broker yan

mas ok sa higher timeframes para maiwasan mo yung ganyan.

so in this case di fault ng broker?
yes, your fault.
tapos 'parte ng rules' ng ibang brokers na magwiden ng spread pag may news at tumayming na yun yung oras na nagtrade ka.

check mo calendar sa forexfactory.com para alam mo kelan may news release, at iwas trade ka pag may news, for now...


zaragorath

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Reply #10 on: Jan 10, 2012, 10:45 PM
upfx yung broker, i already bought, are they allowed to move orders when it is already placed?


ferrariEverest

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Reply #11 on: Jan 10, 2012, 10:52 PM
no.
lumipat ka na. withdraw ka na jan ASAP.


papito13

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Reply #12 on: Jan 10, 2012, 11:47 PM
aray, yeah i guess its best to move from there. paraparaan din ang ibang broker eh noh. tsk tsk


 


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