View Single Post
  #3 (permalink)  
Old 01-11-2008, 11:16 PM
et_phonehome_2 et_phonehome_2 is offline
Sophomore
 
Join Date: Jul 2006
Posts: 86
Thanks: 5
Thanked 7 Times in 3 Posts
et_phonehome_2 is on a distinguished road
Default

I always read that one should go with ECN brokers to avoid this S/L hunting. Many times in the past when I had S/L as far away as 30 to 50 PIPs away, they would get hit, and then immediately turn around. When I say get hit, not a PIP over it, just trigger it, and then continue its merry way to the intended direction of the trade. Not a fun way to trade when its a standard lot size..... I just then stopped using S/L from thereonin when at the screen. The worse part is that if I had a S/L, the screen would froze when I want to rid of the S/L because I see price inching up to it, and then wham, triggered the S/L exactly, not a PIP over. Something smells fishy....
Reply With Quote

Registered members have access to special online forex currency trading tools, software, mt4 expert advisors and indicators. Register now

Main Menu

Economic Forecast