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What if the broker spread changes while you are holding a position?

stevewalker
stevewalker
Jul 25 2012 at 07:56
1439 poster
So ?


gomoov posted:
ask: 1.0000
bid: 1.0010

difference is 10 pip...

gomoov
Jul 25 2012 at 08:18
23 poster
'
'If you close, you gain 10pip.'

you open long with 'ask' and will close it with 'bid'. not with 'ask'. so there is no profit when spread changes.
'


That's what you said...

stevewalker
stevewalker
Jul 25 2012 at 08:21
1439 poster
dear gomoov

when go long
you open with Ask which is higher and close with bid. what is the thing you dont understand.

you but from ask @1.0010
as soon as you buy your profit calculated from bid which is 1.0000

so you are 10 pip loss = spread

walker



gomoov posted:
'
'If you close, you gain 10pip.'

you open long with 'ask' and will close it with 'bid'. not with 'ask'. so there is no profit when spread changes.
'


That's what you said...

gomoov
Jul 25 2012 at 09:05
23 poster
I was talking about 'when spread widens'...

stevewalker
stevewalker
Jul 25 2012 at 09:31
1439 poster
pen & paper.
make some calculations 😉


gomoov posted:
I was talking about 'when spread widens'...

TheLastBear
Jul 26 2012 at 08:34
186 poster
Wow, you guys are still at this topic? You do know that it shows your P/L in your trading account, right? I mean if this is the issues trading may be not in your future. As it was noted so many times now. You buy with the ask price, you sell with the bid price. I am not really sure about the confusion here.

Pax puts the X in Forex.
gomoov
Jul 27 2012 at 06:19
23 poster
Dear TheLastBear,

I am pretty successful until now with manual trading. However, I did not use MT4(just my broker's platform), so I cannot share my history here. I am at about 12 times the initial deposit.

But, I got tired of keeping eyes on the monitor and felt I was losing many opportunities, so I made up my mind to switch to automatic trading.

I devised a few algorithms, and I am writing a scalping EA... about TP/SL 3~6 pips.

So, my EA is very sensitive on the broker's condition(I changed my broker).

And, the spread thing I asked initially is very important to me.

I didn't really care about spreads cuz I used a broker that had a fixed spread.

So... here is my brief introduction.......

TheLastBear
Jul 28 2012 at 11:33
186 poster
Ok, as long as your strategy works for you all good.

Pax puts the X in Forex.
stevewalker
stevewalker
Jul 28 2012 at 12:19
1439 poster
if you are coding and EA use fix spread broker for your EA.

variable spreads fails EA s and damage the EA performance!!

walker

PS : if you are planning to code an EA that based on spread change it is another topic


gomoov posted:
Dear TheLastBear,

I am pretty successful until now with manual trading. However, I did not use MT4(just my broker's platform), so I cannot share my history here. I am at about 12 times the initial deposit.

But, I got tired of keeping eyes on the monitor and felt I was losing many opportunities, so I made up my mind to switch to automatic trading.

I devised a few algorithms, and I am writing a scalping EA... about TP/SL 3~6 pips.

So, my EA is very sensitive on the broker's condition(I changed my broker).

And, the spread thing I asked initially is very important to me.

I didn't really care about spreads cuz I used a broker that had a fixed spread.

So... here is my brief introduction.......

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