Trying to understand a trade that took place.

princepawn

Tham gia từ Mar 27, 2013 6bài viết

Jun 05, 2014 at 13:46

Tham gia từ Mar 27, 2013 6bài viết

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

Tham gia từ Feb 07, 2011 691bài viết

Jun 06, 2014 at 00:41 (đã sửa Jun 06, 2014 at 00:42)

Tham gia từ Feb 07, 2011 691bài viết

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

Tham gia từ Dec 21, 2010 127bài viết

Jun 06, 2014 at 07:31

Tham gia từ Dec 21, 2010 127bài viết

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

forex_trader_28881

Tham gia từ Feb 07, 2011 691bài viết

Jun 06, 2014 at 09:44

Tham gia từ Feb 07, 2011 691bài viết

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

princepawn

Tham gia từ Mar 27, 2013 6bài viết

Jun 06, 2014 at 12:41

Tham gia từ Mar 27, 2013 6bài viết

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

Tham gia từ Jun 03, 2010 675bài viết

Jun 08, 2014 at 14:22

Tham gia từ Jun 03, 2010 675bài viết

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	1.13198	GBPUSD	1.33208	AUDUSD	0.63797
USDJPY	144.36	USDCAD	1.38209	USDCHF	0.8272

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