View Single Post
  #8 (permalink)  
Old 05-17-2006, 02:56 PM
automatedtrader automatedtrader is offline
Senior Member
 
Join Date: Mar 2006
Posts: 128
automatedtrader is on a distinguished road
had the same thing with fxcm, some people had money taken out of their accounts because of this, some people didnt..

WHY: because if say your at 1.2334 and a huge amount of volume comes in its not always gonna go 5,6,7,8,9 and so on the next price might be alot farther away then the next such as 1.2335...basicaly they are losing money by giving you a price that was never hit that it actually jumped past it, so much money at the close of the bar that it skips all those inbetween and opens where it should...it sucks cause you could have a stop and it misses it by 10 or so points then it takes out there, but hopefully this wont happen alot...i havent seen it yet i dont use 1min charts but it used to happen even on 1hr charts with fxcm/refco,, wouldnt let you trade or do anything cause it was finding its price due to too much volume and time to calculate price.. i think its actually illegal to offer you exact price or stop or what not...i made sometimes at news alot more pips than I should with fxcm cause my tp's were not hit and 50 pips later is the next price but then again if i was in the other direction i would have been MAD, but they never took the money out like they did to a few people i knew... hopefully the continue on using the same feed gaps and huge spread differences blow
Reply With Quote