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MyFXBook Contest II Discussion
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Member Since Dec 30, 2009 23 posts
madmatz
Nov 09 2010 at 01:16
I'm curious how the bid price can move 18 pips below a sell stop order and not be placed in the market when the spread is supposedly 1.6 pips? And, we're not talking about a spike; the 1H candles closed and opened 18 pips below the sell stop. Anyone have an explanation for this? This is my first experience with FXOpen and any ECN MT4.
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Member Since Nov 03, 2009 2 posts
cruiser78
Nov 09 2010 at 01:27
(edited Nov 09 2010 at 01:29 )
I don't have an explanation for you but I can say I haven't been very impressed with the FXOpen system at all whether it's a demo or not. I have experienced lots of orders taking a long time to fill even on this demo platform for the contest. I can place an order and sometimes it will go through instantly but other times I wait for several minutes before it gets filled and the market has moved beyond where I wanted to enter. I have never used FXOpen before but after participating in this contest and seeing what the order fills can be like, I can say I never will either. When they advertise quick order fills and don't deliver, it makes for a bad experience.
Possibly this is what could be causing your price difference. The stop is hit and the order is sent but doesn't get filled for some time and the market ends being somewhere quite a ways from your stop. That would be my best guess. |
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Member Since Dec 30, 2009 23 posts
madmatz
Nov 09 2010 at 04:32
Could be. It is very strange. Right now the same order I was referencing above is now over 23 pips below bid price with spread of 1.3. On the 1H chart there are 5 closes and 5 opens well below the sell stop and over 6 hours of time where the market was/is below the order. Maybe a rep from FXOpen could explain. It's definitely less than impressive... Check out the screen shot. Attachments:
screen.gif
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Member Since Nov 03, 2009 2 posts
cruiser78
Nov 09 2010 at 06:39
Boy, that is really strange... and it's not like there's any margin issues there either. It would be nice to here from a rep.
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Member Since Dec 30, 2009 23 posts
madmatz
Nov 16 2010 at 00:41
Well the FXOpen MT4 seems very unreliable to me; huge lag times, no fills on orders, and I haven't been able to connect for much too long, now. All other programs and MT4s work fine on the same computer. Definitely needs improvement.
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Member Since May 31, 2010 2 posts
maxprofit (maxprofit)
Nov 16 2010 at 02:02
madmatz posted: Well the FXOpen MT4 seems very unreliable to me; huge lag times, no fills on orders, and I haven't been able to connect for much too long, now. All other programs and MT4s work fine on the same computer. Definitely needs improvement. Completely agree. And conditions on real is usually worse than on demo platform.  |
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Member Since Aug 22, 2009 56 posts
nickster
Nov 16 2010 at 05:33
For sure the FXopen execution is horrible, all this contest did for them was show how awful they are, bad PR move.
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Member Since Dec 30, 2009 23 posts
madmatz
Nov 25 2010 at 16:57
(edited Nov 25 2010 at 16:59 )
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