hi all, i need a adv on this …kindly help. I look today at the single candle at 1 day chart , AUD/JPN have a 1 berish candle with very long tail and the candle is already closed . Actually this pair on uptend but suddenly because of slippage bring the price about 3000 pips downside until about 46.800 level before closed back at about 78.750 level. i want to know during this very high slippage the broker making money from us because all the stop loss will definity will hit for the short term or also for the long term trader , they loss their all profit that previously the create a long order. The long tail berish candle . means seller push the price very down until about 46.800 level then then buyer push the price back to about 78.750… the long berish candle or the hangging men candle have closed at this time back again at about 78.750 . during this single candle , can i make income close the trade and making 3000 pips during the seller push the price down during the slippage then make another 3000 pips , immedetely creat a buy order to make another 3000 pips when the buyer push back the price higher. And the order is excecuted or not? because i never have experienced this type of candle while i trade in demo or live…
How about the long term trader , ok this is just a example, if they create a long order previouly back few months ago at 45.000 level and they wait for few month until today . Price move until 78.750 level… Ok , example Stop loss they create previously at 44.000 about 1000 pips from the the buy order… then today because of slippage price move until 44.000 level and hit the stop loss, they loss all the income they made previously which the price had move strongly until 78.750 … Can we ask the broker to paid us back what was happen because of the slippage or not.
Honestly, a pip movement of 3000 in a single day is unheard of. I looked at my chart and saw nothing of the sort for AUD / JPY. It’s either a chart glitch or your broker is stop hunting. I’ve heard of this happening with some brokers, though I have never experienced it myself.
Depending on your broker this sort of thing can be corrected. I’m an FXCM user and have heard of it happening with my broker. With their standard accounts it is often corrected if you provide comparison charts, but I’ve only heard bad things with micro accounts. I’m a micro account user myself.
The best thing for you to do is consult your brokers consumer service, provide comparison charts using a demo account with another broker.
Hi Silversion , I think the Broker is stop hunting , They make huge income from Trader. But in the opposite side the trader also can make income to trade this type of candle… If this type of candle is not occur at other broker charts , i can definitily ask them to pay back , if i sent a sample of chart from other well known broker … I tade with micro a/c with Oanda… If you look at Oanda Chart on one day chart , today you can see 3000 pips movement on this AUD/JPN pairs you can see the clear picture of this slippage… I never trade this pair and never loss anything , but i need to careful during a low Volume tarding… Anyway thanks for your info
I think Silverion is right - I think if you just provide some evidence to your broker, you’ll be able to fix the glitch.
Cheers and we look forward to your Forum Favourites selections!
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