I’m trying to trade a demo account for the first time, and I got in at a good point, placed my stop, and everything was fine. If you look at the attached image, I went short at the green line and placed my stop at the red line above the previous candle. The price action didn’t come close to my stop, and then as soon as the next 5 minute candle formed, which was gap down, my position was closed for the full amount, and I didn’t get the big move down I was waiting for.
Can anyone explain what happened? How was my stop hit when price didn’t go near it, or why was my position automatically instantly closed the moment the gap down occurred on the last candle. I’m very confused.
Any help is appreciated.