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What if the broker spread changes while you are holding a position?
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Member Since Jun 06, 2012 1360 posts
stevewalker (stevewalker)
Jul 25 2012 at 07:56
So ?
gomoov posted: ask: 1.0000 bid: 1.0010 difference is 10 pip... Trade the Trend, Defend to Price! |
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Member Since May 22, 2012 21 posts
gomoov
Jul 25 2012 at 08:18
'
'If you close, you gain 10pip.' you open long with 'ask' and will close it with 'bid'. not with 'ask'. so there is no profit when spread changes. ' That's what you said... |
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Member Since Jun 06, 2012 1360 posts
stevewalker (stevewalker)
Jul 25 2012 at 08:21
dear gomoov
when go long you open with Ask which is higher and close with bid. what is the thing you dont understand. you but from ask @1.0010 as soon as you buy your profit calculated from bid which is 1.0000 so you are 10 pip loss = spread walker gomoov posted: ' 'If you close, you gain 10pip.' you open long with 'ask' and will close it with 'bid'. not with 'ask'. so there is no profit when spread changes. ' That's what you said... Trade the Trend, Defend to Price! |
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Member Since May 22, 2012 21 posts
gomoov
Jul 25 2012 at 09:05
I was talking about 'when spread widens'...
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Member Since Jun 06, 2012 1360 posts
stevewalker (stevewalker)
Jul 25 2012 at 09:31
pen & paper.
make some calculations  gomoov posted: I was talking about 'when spread widens'... Trade the Trend, Defend to Price! |
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Member Since Jul 03, 2012 186 posts
TheLastBear
Jul 26 2012 at 08:34
Wow, you guys are still at this topic? You do know that it shows your P/L in your trading account, right? I mean if this is the issues trading may be not in your future. As it was noted so many times now. You buy with the ask price, you sell with the bid price. I am not really sure about the confusion here.
Pax puts the X in Forex. |
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Member Since May 22, 2012 21 posts
gomoov
Jul 27 2012 at 06:19
(edited Jul 27 2012 at 06:20 )
Dear TheLastBear,
I am pretty successful until now with manual trading. However, I did not use MT4(just my broker's platform), so I cannot share my history here. I am at about 12 times the initial deposit. But, I got tired of keeping eyes on the monitor and felt I was losing many opportunities, so I made up my mind to switch to automatic trading. I devised a few algorithms, and I am writing a scalping EA... about TP/SL 3~6 pips. So, my EA is very sensitive on the broker's condition(I changed my broker). And, the spread thing I asked initially is very important to me. I didn't really care about spreads cuz I used a broker that had a fixed spread. So... here is my brief introduction....... |
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Member Since Jul 03, 2012 186 posts
TheLastBear
Jul 28 2012 at 11:33
Ok, as long as your strategy works for you all good.
Pax puts the X in Forex. |
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Member Since Jun 06, 2012 1360 posts
stevewalker (stevewalker)
Jul 28 2012 at 12:19
if you are coding and EA use fix spread broker for your EA.
variable spreads fails EA s and damage the EA performance!! walker PS : if you are planning to code an EA that based on spread change it is another topic gomoov posted: Dear TheLastBear, I am pretty successful until now with manual trading. However, I did not use MT4(just my broker's platform), so I cannot share my history here. I am at about 12 times the initial deposit. But, I got tired of keeping eyes on the monitor and felt I was losing many opportunities, so I made up my mind to switch to automatic trading. I devised a few algorithms, and I am writing a scalping EA... about TP/SL 3~6 pips. So, my EA is very sensitive on the broker's condition(I changed my broker). And, the spread thing I asked initially is very important to me. I didn't really care about spreads cuz I used a broker that had a fixed spread. So... here is my brief introduction....... Trade the Trend, Defend to Price! |
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