Hi guys
It's the first time I really noticed this happen... I had an open position on CADCHF yesterday (Friday). Regardless of the merits or otherwise of the trade, price had not really gained any momentum in my favour but for that matter it had not really moved against me either.
https://www.mql5.com/en/charts/6179973/cadchf-m5-ava-trade-ltd
However this morning I noticed I had been stopped out before market close although price hadn't really moved and certainly did not reach my stop loss, and when i looked into what had happened it was my broker changed the spread from 8 pips to 24 pips.
It says the spread on this pair is 8 pips during 'normal market conditions'. There were no big moves in price and the markets closes every weekend (a totally predictable and normal event) so why would the broker widen the spread just enough to take me out?
It all seems a little shady for a reputable broker.
Rich
It's the first time I really noticed this happen... I had an open position on CADCHF yesterday (Friday). Regardless of the merits or otherwise of the trade, price had not really gained any momentum in my favour but for that matter it had not really moved against me either.
https://www.mql5.com/en/charts/6179973/cadchf-m5-ava-trade-ltd
However this morning I noticed I had been stopped out before market close although price hadn't really moved and certainly did not reach my stop loss, and when i looked into what had happened it was my broker changed the spread from 8 pips to 24 pips.
It says the spread on this pair is 8 pips during 'normal market conditions'. There were no big moves in price and the markets closes every weekend (a totally predictable and normal event) so why would the broker widen the spread just enough to take me out?
It all seems a little shady for a reputable broker.
Rich
