Horrible fill on Oanda today, giant pip spread

Beginner Questions
1

I was told that because it was Good Friday the liquidity was terrible

The market low today in CAD/JPY was about 85.53. My stop sell order was filled at 85.47 at 1:53:33. That is at least a 6 pip jump against me on a pair that usually has an Oanda spread of around 1.6.

And that 6 pips is supposed to be half, so the full spread that was about 12!

I guess because it was close to the close it was even worse, but can anyone else corroborate that their broker’s pip spread was awful on Good Friday? I would appreciate knowing that. Thanks.

2

Hey @Bry777, sorry to hear about that. I personally got a mail from my broker with respect to the widening spread due to the thin nature of the market during the holidays. As a rule, spreads generally widen during holidays.

3

i heard that it is inadvisable to trade on holidays

4

thx both of you, lesson learned!

5

Yes, better to go and enjoy the holidays than try to trade on the Easter weekend

6

I’m surprised your broker even offered a market on an international holiday. Only thing I could do over this weekend was add or adjust orders.