Advertisement
Trying to understand a trade that took place.
Jun 05, 2014 at 13:46
717 Views
5 Replies
Member Since Mar 27, 2013
6 posts
Jun 05, 2014 at 13:46
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: http://gyazo.com/872c846666e9fb3dfdb3436a90f4f8fa
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: http://gyazo.com/872c846666e9fb3dfdb3436a90f4f8fa
schemelab@
forex_trader_28881
Member Since Feb 07, 2011
691 posts
Jun 06, 2014 at 00:41
(edited Jun 06, 2014 at 00:42)
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.
If you have the source code see if it checks for spread if it doesn't you bought a brick.
forex_trader_25447
Member Since Dec 21, 2010
127 posts
Jun 06, 2014 at 07:31
This is normal "SPIKE" in time of the news.
forex_trader_28881
Member Since Feb 07, 2011
691 posts
Jun 06, 2014 at 09:44
Today is NFP, expect a few more of those....
Member Since Mar 27, 2013
6 posts
Jun 06, 2014 at 12:41
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.
schemelab@
Member Since Jun 03, 2010
675 posts
Jun 08, 2014 at 14:22
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
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.
