When swing trading… How do you guys deal with widening of spreads when the roll over happens at the end of the day. I trade 20 pairs and I’ve checked multi brokers everyday there are pairs that go from 2 pip spread to like 10-30 pips for about 2-30mins. That’s such a wide spread that even with good stop loss placement it takes me out. Starting to be a big issue for me.
I trade on a 4hr, so my stop loss isn’t huge.
Anyone found a broker that does reasonable widen of spreads? Not sure how to solve this problem.
I don’t have an additional great answer to this but its good to see a trader who has sought to quantify this issue - so many don’t even realise the excess distance that spreads can be pushed out to.
I trade off daily charts and can still get caught by spreads at transitional times of day. I have sometimes resorted to cancelling entry orders and even stop-losses until the spreads have returned to normal.