HI guys, i opened a trade with jp markets on mt4. It was gbpusd and the lot size was 0.01 at a price of 1.27939(buy) and 1.28109(buy)
It went down to 1.275 and my trade was closed. 2 hours later it went up to 1.29 and i would have made profits
i didnt set any SL and it closed my trade without my consent and i lost all my money. is that normal ?
Your broker will close your trade if your open trades go against you so far that you no longer have sufficient margin in your account.
Does your platform display “Margin” against the position and “Free margin” against the account when you have a trade open?
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Yeah i think thats what happened. But its frustrating because i was literally going to make profit and then it closed
Sounds like a margin call, but I would not trade without a hard stop loss as lethal to your account
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Your so called " margin stop out level" was reached and this closed your trade automatically according to your accounts stop out settings by your broker
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That’s the age old problem. You knew it was going up, but it went down first. You either need to refine your entry criteria to enter at a time when it’s likely to go the direction you want without going the other way first, but this is difficult if you don’t have a lot of time to wait for testing support/resistance. The other option is to take a longer term trade with a smaller lot size to pick up long term trends and get more pips, but not need to refine your entry so well.
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Trading without stop-loss is not safe at all, you’ve left yourself no escape route. I hope your losses aren’t too great and you don’t lose interest in trading. Give yourself some time to rest and try again. But stop-loss is your safety, don’t you ever forget it.
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