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InstaForex | How SL hunting got caught red-handed
Member Since Jan 25, 2010
1288 posts
Aug 30, 2013 at 06:29
(edited Aug 30, 2013 at 06:29)
Sorry, you may need to explain to me what you are seeing, deysmacro.
I guess I am not experienced enough to understand there to be anything wrong with these screenshots. I assume your EA has opened and closed all those positions. Seems the EA has cancelled (closed) those pending buy/sell stop orders. Nothing appears bad (on the surface).
I guess I am not experienced enough to understand there to be anything wrong with these screenshots. I assume your EA has opened and closed all those positions. Seems the EA has cancelled (closed) those pending buy/sell stop orders. Nothing appears bad (on the surface).
Member Since Nov 21, 2011
1601 posts
Aug 30, 2013 at 12:25
All I can see it's you lost 30 pips in 1 min instead of 25 pips (SL)
Also I don't see anything wrong with the red box... but we can see that you manipulated pictures as it's not possible for any broker to provide 2 differents bid at a time.
= > look at current price for both Sell Stop:
- one is 0.8957
- and the other is 0.8963
So what do you want to show with your fake pictures?
Also I don't see anything wrong with the red box... but we can see that you manipulated pictures as it's not possible for any broker to provide 2 differents bid at a time.
= > look at current price for both Sell Stop:
- one is 0.8957
- and the other is 0.8963
So what do you want to show with your fake pictures?
Aug 30, 2013 at 14:49
Hi Deysmacro
The monitoring account looks to have a much different price at which the trade was closed at on the "buy"
The monitoring account claims that the exit price was 0.8966 whereas on your account it was apparently closed at 0.8947
The monitoring account claims that the buy aud/usd trade at 0.8977 was in fact a "BUY Stop" rather than "BUY"
The monitoring account has a 5 PIP difference on the set stop loss for both aud/usd trades compared to your actual account
The significant difference in stop loss parameters and exit between both account (in particular for the "buy" aud/usd trade)
All these differences indicate that the monitoring account is either completely false
Or is taking other trades on your behalf
Or I have absolutely no idea!
The monitoring account looks to have a much different price at which the trade was closed at on the "buy"
The monitoring account claims that the exit price was 0.8966 whereas on your account it was apparently closed at 0.8947
The monitoring account claims that the buy aud/usd trade at 0.8977 was in fact a "BUY Stop" rather than "BUY"
The monitoring account has a 5 PIP difference on the set stop loss for both aud/usd trades compared to your actual account
The significant difference in stop loss parameters and exit between both account (in particular for the "buy" aud/usd trade)
All these differences indicate that the monitoring account is either completely false
Or is taking other trades on your behalf
Or I have absolutely no idea!
When you lose, don't lose the Lesson
Member Since Nov 21, 2011
1601 posts
Aug 30, 2013 at 16:39
Lol I really don't know what that means monitoring account. Don't try to blaim broker when you loose. I have only trading account like 100% of pro traders. What do you monitor? lol... Only a couple of brokers are good.
Ps: It's impossible to have 2 differents bid on the SAME picture!!!
There is nothing to understand here lol... that's the main point
Ps: It's impossible to have 2 differents bid on the SAME picture!!!
There is nothing to understand here lol... that's the main point
forex_trader_29148
Member Since Feb 11, 2011
1768 posts
Aug 30, 2013 at 18:46
there is 4 min difference between the the monitoring and the real,that the order were taken
Aug 30, 2013 at 18:49
fine... i guess i have to explain a little bit...
at price 0.8977 ... can you guys see that on monitoring account, it never gets filled? and the pending orders get deleted on 04:34 ... means, it has more than enough time to get filled (hit) but it didnt...
while on trading account, 04:30 get filled (hit), 04:31 hit SL...
basically, what i want to show to you guys, that is how SL being played by the broker and this is one example how broker playing tricks with you guys... and you guys would never realized this... you guys would probably say 'oh, what can i do, just a bad trade i guess' 😎
at price 0.8977 ... can you guys see that on monitoring account, it never gets filled? and the pending orders get deleted on 04:34 ... means, it has more than enough time to get filled (hit) but it didnt...
while on trading account, 04:30 get filled (hit), 04:31 hit SL...
basically, what i want to show to you guys, that is how SL being played by the broker and this is one example how broker playing tricks with you guys... and you guys would never realized this... you guys would probably say 'oh, what can i do, just a bad trade i guess' 😎
Past experience usually helps present self
forex_trader_29148
Member Since Feb 11, 2011
1768 posts
Aug 30, 2013 at 19:48
what about hiden sl and ?
forex_trader_64453
Member Since Feb 03, 2012
33 posts
Aug 30, 2013 at 21:27
(edited Aug 30, 2013 at 21:32)
And it's hunting without connection? Magical broker lol
Member Since Nov 21, 2011
1601 posts
Aug 31, 2013 at 00:02
It's what I'm saying... when people will finally admit only a couple of brokers can be trusted then they will stop complaining for being ripped off or whatever...
Aug 31, 2013 at 09:51
(edited Aug 31, 2013 at 09:51)
rob559 posted:
what about hiden sl and ?
i know. but right now i just want to show you guys how the SL hunting being implemented. pretty cool isnt it? 😀
----
currently i am not complaining bout being ripped off or something like that though. just to show you guys some nice SL hunting example. 😎
UP NEXT:
another screenshot of how SL hunting in progress. 😀
Past experience usually helps present self
Aug 31, 2013 at 10:53
(edited Aug 31, 2013 at 10:56)
Here it is. 😁
- You place pending orders at 0.7779
- Broker see it as plausible opportunity
- Broker creates mini-spark just enough to trigger the buy-stop
- Then, market goes south all the way possible, in the hope it will eventually triggers hidden SL
There you have it. SL hunting in progress. 😎
---
Another example:
At price 0.7837 (dark orange color), someone must have put pending orders there, got it triggered, and then SL hits.
---
Easy way how broker makes money out of you. 😇
- You place pending orders at 0.7779
- Broker see it as plausible opportunity
- Broker creates mini-spark just enough to trigger the buy-stop
- Then, market goes south all the way possible, in the hope it will eventually triggers hidden SL
There you have it. SL hunting in progress. 😎
---
Another example:
At price 0.7837 (dark orange color), someone must have put pending orders there, got it triggered, and then SL hits.
---
Easy way how broker makes money out of you. 😇
Attachments:
Past experience usually helps present self
Member Since Nov 21, 2011
1601 posts
Aug 31, 2013 at 11:36
My friend, You better stop thinking brokers are hunting SL. This not true... only looser traders think so.
Market is sometimes hunting SL wich is so different.
Market makers (Banks, Hedge funds,...) work closely with big broker and they know where are located tons of SL. (It's not hard to guess that they are just below supports or just above resistancse.) That's why when a big news come up on Forex... it may first go in one direction and then sharply goes into opposite with twice energy. (trapping everyone behind their screen and hunting sl)
Here is my picture from your last post:
As you can see, the high is 0.77783... So we don't have the same broker but I even have higher rate than the one you claim it's hunting.
You are confusing spike and pullback: Look at the orange line (moving average EMA 21), NZDUSD is underpressure since weeks... So Technicaly, 0.7778 was the perfect entry for going short.
Now if traders want to play BUY STOP, well they have to set up a smart entry at least 10 pips above the resistance.
Also, if you want to how to trade that pair... just go there:
http://www.myfxbook.com/forex-charts/NZDUSD,D1/5606
Guys, don't think it's broker's fault when you lose... it's not true. If you think like that, you will never improve.
Ps: I'm done with this topic....I hope this help you guys to be a succesfull trader.
CrazyTrader... not that insane! : )
Market is sometimes hunting SL wich is so different.
Market makers (Banks, Hedge funds,...) work closely with big broker and they know where are located tons of SL. (It's not hard to guess that they are just below supports or just above resistancse.) That's why when a big news come up on Forex... it may first go in one direction and then sharply goes into opposite with twice energy. (trapping everyone behind their screen and hunting sl)
Here is my picture from your last post:
As you can see, the high is 0.77783... So we don't have the same broker but I even have higher rate than the one you claim it's hunting.
You are confusing spike and pullback: Look at the orange line (moving average EMA 21), NZDUSD is underpressure since weeks... So Technicaly, 0.7778 was the perfect entry for going short.
Now if traders want to play BUY STOP, well they have to set up a smart entry at least 10 pips above the resistance.
Also, if you want to how to trade that pair... just go there:
http://www.myfxbook.com/forex-charts/NZDUSD,D1/5606
Guys, don't think it's broker's fault when you lose... it's not true. If you think like that, you will never improve.
Ps: I'm done with this topic....I hope this help you guys to be a succesfull trader.
CrazyTrader... not that insane! : )
Attachments:
Aug 31, 2013 at 12:44
@CrazyTrader
I am seriously not blaming the broker you know. This is just food-for-thought.
This account also using ea. So, basically I am trying to find it base settings so that improvement can be made for long term trading if possible. 😀
I have other ea which is doing just fine and pretty much robust to handle most of market scenarios. NFP days, sudden high spike, sideways, you name it. 😎
I am seriously not blaming the broker you know. This is just food-for-thought.
This account also using ea. So, basically I am trying to find it base settings so that improvement can be made for long term trading if possible. 😀
I have other ea which is doing just fine and pretty much robust to handle most of market scenarios. NFP days, sudden high spike, sideways, you name it. 😎
Past experience usually helps present self
Member Since Feb 27, 2011
47 posts
Aug 31, 2013 at 19:23
This ill-fitting E. A. if you have it on your terminal or trader copier.
Dig it simply. Clearly seen in the photo of CrazyTrader, is running bad, you have to see if there are economic reports that the price drop is impulsive, not corrective. It is a continuation of the trend 😲
Dig it simply. Clearly seen in the photo of CrazyTrader, is running bad, you have to see if there are economic reports that the price drop is impulsive, not corrective. It is a continuation of the trend 😲
Member Since Feb 22, 2011
4573 posts
Feb 13, 2014 at 17:01
InstaForex sucks
