Hmmm, I have been demotrading and studying all techniques, indicators
and terminology for a couple of months. When domotrading ir seemed easy
for the most part. A moving average and a slow stochastic on a 15 min chart
did give me good results. I didn’t notice any strange behaivour from the
trading software either.
Since a couple of weeks I have been trading with real money and I’m starting
to have doubts towards my brooker. If I place an entry order to either sell
or buy It’s triggered even though it’s never reached. And always in a similar fashion
just when the currency is going the other way, it slings off to within 3 pips
away from my entry and then pumps away in the other direction. All this happens
within a couple of seconds. It just doesn’t look right. Let’s say that I expect a
rise. The current value is 1.5500. I have a buy entry order to be triggered at 1.5515.
The current candlesticks high rushes up to 1.5512, trigger my order (why??) and drops to
1.5490-95 within a second or two and starts to descend. If this happened once or twice
in a year it would be completely understandable since good and bad luck should even out
but it happens all the time.
I can thruthfully state that my entry orders are triggered without the value beeing reached
on a regular basis. The same thing occurs with my stop losses. If I entry at a specific
value with a stop loss at 10 pips. It almost always shoots down to cancel my order giving
me a -10 pip net, turn upwards again and start to climb according to my expectation.
If I have a stop loss at 8, 10, 13 or 20 doesn’t really matter. It goes right there and
halts so abruptly that it needs a safety belt and bounces away. Again, it only takes a
few seconds so there is no way to react.
I think that I will start to trade without stop-losses and entry orders, handling it manually
instead because what I see just doesn’t make sense. I would even say that if the software
where manipulated to do what I suspect, it’s not disguised very well. Quite sloppy programming.:mad:
i think it’s just because the forex market is very volatile, and that if you had a 1/10th of a second time chart, you would probably see the candles hitting your limits – the time difference is just too small for your timeframe. however, i’m new so i could be a wrong.
a simlpe solution to your problem would be to simply put your s/l 3 pips lower than where you would initially put it and put your t/p 3 pips higher than where you would initially put it… unless i’m missing something .
Mbha-Is that the EUR/USD you are trading.Some currencies are volatile like JPY/NZD, and large spikes are real common.Also who is your broker and name of software? Having stops too close to the action will get hit everytime. I know the feeling. Go to demo and place larger stops to test. Also enter at best possible point of support or resistance which gives you 2 advantages: 1-greatest probability of running in your favour or it is a new situation, and 2-minimises stop losses. Hope that helpsRegards Craigus
I’m using FXCM with their trading station. It didn’t act like this in demo so there is no reason to test it. What I’m doing is fine when demoing already.
I have no problem with probability either. It’s going my way except I’m knocked off just as the move starts giving me a -10 pip result even though I was dead right.:mad:
Don’t try your lucky to trade without stop loss especially if you’re day trader…
Did you use any pofessional course or training before then you start live trading
“If this happened once or twice
in a year it would be completely understandable since good and bad luck should even out but it happens all the time”
Once or twice a year? Are you serious? It happens more often
than not. Welcome to the real live trading, not demo using
slow, overused demo server trading make believe money.
Good and bad luck? Oh brother…
can thruthfully state that my entry orders are triggered without the value beeing reached
on a regular basis. The same thing occurs with my stop losses. If I entry at a specific
value with a stop loss at 10 pips
you are probably not factoring in the spread. when you buy say the eur/usd it cost 2-3 pips so if you put a buy at say 1.5250 the trade would get picked up at 1.5247
when you sell say at 1.5250 you will get in at 1.5250 but if you put a take profit at say 1.5230 it will close at 1.5233 to accomadate the spread.
Check your price feed against another broker - go to dukascopy for eg and check their charts. If the pricing’s the same, then you’ll know there’s no funny business going on, and the early triggering should be down to the difference in spread as JK says
Sounds like you’re not factoring in the spread. Look at the bid/ask price. Was the amount you thought triggered when the other number was actually hit?
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