Trying to understand a trade that took place.

princepawn

Členom od Mar 27, 2013 6 príspevkov

Jun 05, 2014 at 13:46

Členom od Mar 27, 2013 6 príspevkov

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

schemelab@

forex_trader_28881

Členom od Feb 07, 2011 691 príspevkov

Jun 06, 2014 at 00:41 (upravené Jun 06, 2014 at 00:42)

Členom od Feb 07, 2011 691 príspevkov

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.

forex_trader_25447

Členom od Dec 21, 2010 127 príspevkov

Jun 06, 2014 at 07:31

Členom od Dec 21, 2010 127 príspevkov

This is normal "SPIKE" in time of the news.

forex_trader_28881

Členom od Feb 07, 2011 691 príspevkov

Jun 06, 2014 at 09:44

Členom od Feb 07, 2011 691 príspevkov

Today is NFP, expect a few more of those....

princepawn

Členom od Mar 27, 2013 6 príspevkov

Jun 06, 2014 at 12:41

Členom od Mar 27, 2013 6 príspevkov

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@

adrian8891

Členom od Jun 03, 2010 675 príspevkov

Jun 08, 2014 at 14:22

Členom od Jun 03, 2010 675 príspevkov

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

EURUSD	1.12852	GBPUSD	1.32773	AUDUSD	0.63749
USDJPY	145.381	USDCAD	1.38515	USDCHF	0.82981

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Trying to understand a trade that took place.