Scotty2Cues
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Hi,
Placed an order for GBP/USD at 0830 London time today.
Was just before consumer spending release. Market was hovering around 1.58 and I place sell stop order at 1.5785 with slippage of 2 pips and 50 pip SL. Data came out and price sunk to 1.5766. Horror struck as I saw trade was in a loss and getting larger even though price below my order and so should be showing profit. By the time decided price was at 1.5792 for nearly 1% of account.
Contacted broker and they have changed it so I was filled at 1.5783 as the stop order changes to a limit order???
So the trade shows a small loss. I wouldnt have closed the trade had I been filled properly and dont mind not getting filled during volatile times?
What you think?
Placed an order for GBP/USD at 0830 London time today.
Was just before consumer spending release. Market was hovering around 1.58 and I place sell stop order at 1.5785 with slippage of 2 pips and 50 pip SL. Data came out and price sunk to 1.5766. Horror struck as I saw trade was in a loss and getting larger even though price below my order and so should be showing profit. By the time decided price was at 1.5792 for nearly 1% of account.
Contacted broker and they have changed it so I was filled at 1.5783 as the stop order changes to a limit order???
So the trade shows a small loss. I wouldnt have closed the trade had I been filled properly and dont mind not getting filled during volatile times?
What you think?
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