Trying to understand a trade that took place.
Jun 05, 2014 at 13:46
671 Angesehen
5 Replies
Mitglied seit Mar 27, 2013
7 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: https://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: https://gyazo.com/872c846666e9fb3dfdb3436a90f4f8fa
schemelab@
forex_trader_28881
Mitglied seit Feb 07, 2011
724 Posts
Jun 06, 2014 at 00:41
(bearbeitet 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
Mitglied seit Dec 21, 2010
131 Posts
Jun 06, 2014 at 07:31
This is normal 'SPIKE' in time of the news.
forex_trader_28881
Mitglied seit Feb 07, 2011
724 Posts
Jun 06, 2014 at 09:44
Today is NFP, expect a few more of those....
Mitglied seit Mar 27, 2013
7 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@
Mitglied seit Jun 03, 2010
696 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.
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