A question about MetaTrader

[jakesullivan]

Has anyone faced with such a problem, when you are trading and suddenly, GBP goes down for 800!!! pip in 3 hours? I mean, what the hell is it?? Such things have ruined my account 3 times already... Meanwhile, I've solved my problem with EA. At least some stable income is day to day going to my account. Check it out in my signature...

 

[slight]

1. Metastock ≠ Metatrader

2. To answer your question: It sounds like you either have a broker that is giving you spikes all the time, or you should think about using a stop. Even if your fill will be worse than you planned due to rapid market movements, it shouldn't wipe you all out. However, since the beginning of the year I only see gbpusd going down as much as you said seldomly. It's a broker issue (even though your 3h description of price falling makes that unlikely) or you have to manage your risk better.

3. You do not have a signature displayed