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Trying to understand a trade that took place.

Terrence Brannon (princepawn)
Jun 05 2014 at 13:46
posts 7
I bought an EA that places a straddle 30 seconds before a news event. If the price goes through either side, it closes the other side and then applie a trailing stop to the other side.

For some reason, it says it bought AUDUSD at 0.9297 but at 04:30 the price is far below that. How could that have been the buy price?

Screenshot of MT4 to make this clearer is here: https://gyazo.com/872c846666e9fb3dfdb3436a90f4f8fa

Jun 06 2014 at 00:41
posts 724
Wide spreads most likely, check the spread before you trade. Always!

If you have the source code see if it checks for spread if it doesn't you bought a brick.

Ivan (StoneHeart)
Jun 06 2014 at 07:31
posts 131
This is normal 'SPIKE' in time of the news.

Fichiers joints:

Small GAIN, big WIN
Jun 06 2014 at 09:44
posts 724
Today is NFP, expect a few more of those....

Terrence Brannon (princepawn)
Jun 06 2014 at 12:41
posts 7
Yeah, the real problem is that I looked at a line graph and that only showed the close, not the rest of the activity at that time.

Adrian Matusiak (adrian8891)
Jun 08 2014 at 14:22
posts 696
It is usual spike. But remember that trade on news is risky and not so easy Due to big gaps and slippage.

PAMM MANAGER // Professional Fund Manager
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