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Did anyone else notice this crazy spike today?

Oct 28 2015 at 08:34
3 Posts
I'm pretty new to trading I'd say so I'm sorry if this is something obvious that every trader knows or something, but I noticed this insane spike on USDCAD earlier today. The price dropped from 1.32679 all the way to 1.27369 and back inside one 1-minute candle. That's over 500 pips!

Is this normal? What if people were in a trade and had stop losses there, or pending limit or stop orders? It strikes me as I write this, that this could be broker specific... I am on OANDA if that provides any of you with insights or answers. I wasn't in a trade at the time so it didn't really affect me, but I'm just really curious as to what this phenomenon is.

Thanks for the help!


DCT Financial Software (timt)
Oct 28 2015 at 09:50
1 Posts
I spotted it on FxPro demo account as well, these things happen but its scary for sure!

Tomas Rodriguez Doherty
Oct 28 2015 at 11:24
88 Posts
That did not happen on my broker, Strange indeed, or market maker indeed.

Tomas Rodriguez Doherty
Oct 28 2015 at 11:26
88 Posts
Oanda and FxPro, Strange

Rivalrytrade (dentrade)
Oct 28 2015 at 13:35
19 Posts
Hi Aka,

I am with IC Markets (live account) and i could not find this spike, maybe it was a bug in your system?

Michael Bai (michaelbai)
Oct 28 2015 at 13:40
33 Posts
everyone mentions market maker as a bad thing. The idea of a market maker isnt the bad. its the bad practices an individual market maker has that makes THEM a bad market maker. LPs are market makers but everyone wants an STP or ECN Broker that is backed by a market maker, so no matter how good the broker is, its still 'tainted' by market making if you want to consider all market makers bad.

Take Challenges Head On
Oct 28 2015 at 13:49
297 Posts
I have PX pro real account and i had USd/cad trade last nignt ,but dindt see the spike . must be on demo account only

Oct 28 2015 at 13:49
3 Posts
Better start looking for another broker mate :)

Oct 28 2015 at 15:32
83 Posts
Ilyes Negadi (Ilyezz)
Oct 28 2015 at 15:51
28 Posts
strange, i never seen this before!
it did not happen on Hotforex

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