Rating: Empty Star Empty Star Empty Star Empty Star Empty Star
Is stop loss hunting real ?
Previous 1 2 3 4 Next
Gabor33

Member Since Dec 09, 2016  18 posts Gabor33 Aug 18 2017 at 10:34
Stop loss hunting is real, but it`s not done by your broker. (as long as you use a fully regulated one)
It`s done by big firms and banks, etc.. that are trading the amount of money I can`t even imagine. For example, if a rally is kinda obvious and everyone is getting in buying, they can`t really do the same thing bcoz they`d get a huge slippage and not a lot of profit, instead what they do is, they have the ability (and amount of money) to drive the price lower into obvious support levels and previous lows where most ppl are placing they stop losses (aka sell orders), so they can absorb all that and fill their buy orders with a better price. Or something like that.
For me a scenario like this is much more believable then brokers actually monitoring my SL levels and trying to stop me out from my smallass 2 minilots trade. Regulated brokers cannot do such things anyway bcoz they are closely monitored and it would count as fraudulent activity.

Imamul

Member Since Aug 09, 2017  91 posts Imamul Aug 18 2017 at 10:35
Can you share more about Hidden SL and TP.

coralforex

Member Since Apr 14, 2013  6 posts DAXESH (coralforex) Aug 18 2017 at 10:41
Is montyly 5% to 9%+ enough for you in FOREX Market?

see live result : https://www.myfxbook.com/members/coralforex/coral-master-system/2215240

togr

Member Since Feb 22, 2011  4021 posts vontogr (togr) Aug 18 2017 at 10:43
tonyget posted:
Hi new babe here !

I have been seeing all these articles say that 'brokers can see your SL level then sudden widen spread to hit your SL'.

I thought spread is always the same for on same broker(same type of account). Since all traders have different SL level, if SL hunting is real does that mean broker's server give different spread for individual traders ?


OK.
SO there are accounts with fixed spread and variable spreads.
Variable spreads are lower but you pay commission. They of course fluctuate a lot. Check how the spreads are changing in mt4.
Fixed spreads should have been fixed. They are not, they fluctuate as well.

I like what I trade, I trade what I like
leo23

Member Since Oct 12, 2016  388 posts leo23 Aug 20 2017 at 06:27
Imamul posted:
Can you share more about Hidden SL and TP.

It is very simple. You just need to add one additional line code for closing the trades so that a BUY order will be closed if the Bid price will go below hidden stoploss value in terms of points from the order open price.

Same way a SELL order will be closed if the Ask Price will go above hidden stoploss value in terms of points from the order open price.

Same way TP can be set for trade close.

So instead of directly applying the SL and TP, the EA will close the trades when the hidden SL or TP is reached.


togr

Member Since Feb 22, 2011  4021 posts vontogr (togr) Aug 21 2017 at 07:59
Imamul posted:
Can you share more about Hidden SL and TP.


you just run the ea,

ea has SL and TP that are not visible to broker

instead it closes trades when SL or TP are reached

I like what I trade, I trade what I like
Zeus888

Member Since Aug 02, 2017  15 posts Zeus888 Aug 21 2017 at 10:54
SL hunting can be done by the big banks but they don't care about where any individual retail traders stop loss is, so I wouldn't worry about it

Slim101

Member Since Aug 12, 2011  8 posts Slim101 Aug 22 2017 at 06:14
OK consider this you paranoid nuts! Do you really believe that your little stop loss means anything to the banks or brokers. You must think you are really something. LOL Get over it, no one cares what you are doing blame your losses on the real person that is at fault YOU!

togr

Member Since Feb 22, 2011  4021 posts vontogr (togr) Aug 22 2017 at 06:15
Zeus888 posted:
SL hunting can be done by the big banks but they don't care about where any individual retail traders stop loss is, so I wouldn't worry about it


market maker broker will be profitable when you loss
real ECN broker has no such interest

I like what I trade, I trade what I like
ChannelTrader

Member Since Jul 23, 2015  6 posts ChannelTrader Sep 14 2017 at 06:44
Hi,

It's not that the broker is hunting your SL but more of bigger institutions so called smart money. They have power to move price up or down to hit your SL so they can get your orders and move market back into the direction that it was previously going.
Please watch this video to see the real time example:

Good luck.

Previous 1 2 3 4 Next
Kansas Fed manufacturing activity (40 min)
Capitol Report: There’s now a scooter lo...(5 min ago)
EURUSD 1.14009 GBPUSD 1.28534
USDJPY 112.766 USDCAD 1.31409

Tools

Community

Reviews

Brokers

Platform

Support


Twitter |  Facebook |  Site Map  |  Terms  |   Privacy Policy
©2018 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.