BigBrassBalls
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Hmm, stopped out... Time to top the account up, ready to lose it again 2moro!
BigBrassBalls
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They will add their spread on so you will always trigger about 3 pips more from your order level. You should change your stop to 33 and limit to 47 to account for this.
stevespray
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You should stop trading this system using a limited risk account. The net profit (on average) per trade is only 3 pips or so so the best you are going to do is breakeven. Change to a broker with a fixed 2 pip spread!
Steve.
Steve.
There must be quite a few buyers just below 1.4407. If we take the open @ 1.4419 though I don't think they have much chances.
mark120169
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Nope. Demo on MNT got stopped out too. Got nowhere near 14423 before it hit the -30 pip stop.
Sell 14433 stop 14463 limit 14423
MNT June TD +10 (Win +40 loss -30)
M
p.s Of course if you had an entry slighly higher than 14433 you might not have got stopped out @ 14463 then you could have rode the drop and MNT may have bagged you 10 pips. I can only base it on IG entry.
M
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I am still in with IG - but have moved TP to 401 as there is strong resistance at 400...
mark120169
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Snap. I assume as it obvoiusly stopped most out at 14463 as the chart only hit a high of 14460.6 the reason for the stoppage is the 3 pip spread? Would have had a high of 14463.6?
But I thought according to RH you don't have a spread on a sell order or something. Confused?
M
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I've used CS too but got stop out :-( Didn't you enter at 432?
Too early to jump the gun. @ 8:30am the price may be even higher, who knows.
pseudo straddle
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Melb - be interesting to see your figures for this trade - as a few on here were stopped out - before the winning candle?
pseudo straddle
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goldfinger777
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It's a combination of the slippage and the spread that is killing everyone today.
I was up late this morning so didn't get chance to place an order and "cheated" a little bit and placed a sell order straight away at 14438. So I'm still in, and it's showing a +15pts profit so far (as of 8:08am).
The NT system was really unlucky to get stopped out today. This is something I'm gonna be monitoring with my NT results spreadsheet, as there may be a case for increasing the NT stop slightly to 35 pts. Just an idea at the moment, I need more data before I can prove it out.
I was up late this morning so didn't get chance to place an order and "cheated" a little bit and placed a sell order straight away at 14438. So I'm still in, and it's showing a +15pts profit so far (as of 8:08am).
The NT system was really unlucky to get stopped out today. This is something I'm gonna be monitoring with my NT results spreadsheet, as there may be a case for increasing the NT stop slightly to 35 pts. Just an idea at the moment, I need more data before I can prove it out.
mark120169
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Ok I really need someone who understands IG to explain here. Sell stop was set to 14463. bid setting on chart only reached 14460.6. Why did the order get stopped out.
I know the spread between buy price and sell price is 3 pips but what does the "bid" price on the chart represent? The sell prices of the buy prices or something else.
Should all IGers be complaining today we should not have been stopped out @14463?
Very confused. I thought the bid chart was watching the actual sell prices? Maybe an email RH time for me.
M
