Did you see what happen today?
GAP EURUSD 172 pip out of the sky, double as a day move.
imagine you were short (as it was a down trend) and you had a SL at somewhere say 10-20 pip?
Would you got the full 172 pip loss and crash your account? Or would your broker insure your SL?
LOL… look a the dates on your chart… from the 6th September… it’s the 16th today!
Ye I just saw. If I change to 30m time frame it is a 60 pip GAP. How can this happen. Still the 1h chart is wrong. Anyway the question is still on. What happens with a SL if it is eaten in a gap.
You would get slipped past your stop to the open price on Sunday night.
Gulp!!! Note to self…close out trades on Friday from now on!
Wow glad i never got caught out here…
Very sensible, most day traders do - long term traders do not have to worry so much as they have a much wider range (in terms of pips) from which price can move against them before it becomes an issue.
OK thats bad enough but would the SL been triggered or not. Maybe the price can ran further away without my stop triggered? (If there were no margin call to know)
btw I had manually to actualise the 1h chart, after it showed correct the price.
The Stop Loss would have been triggered, however the best possible price that the broker could have executed that Stop Loss at would have been Sunday Open. A Stop Loss is essentially a market order to close out the prevailing trade.
I’ve seen a guy on Facebook got his account blown up because of this gap and his account reduced to minus number :-D, the broker said beside there was a gap there is also a 50 pips spread that happened at that time. Must be a scam broker.
What if its tp and not sl ?
