if any broker can do that so there is two more problem on broker side : spread widening and slippage.
i never tried ibfx but how much is spread widen ussually?
and for slippage , is pending order guaranteed fill on that price? they will say it will. but when it happen they can just say "sorry, for very volatile market we blablabla....".
not filled is OK we just spend our money on spread. but slippage? 1-5 pip can toleranted. but if >10 pip it's suck
and two more problem on market side: whipshaw & if price turn back and change direction.
for whipsaw, we can solve with choose stable currency and learn this attitude on particular news. but i've ever heard too whipsaw is only broker trick to hit our cutloss. we know on very big news the price from one broker to another broker is not same. so they can hide their trick behind this fact. i don't know about Ibfx but i want to hear comment from somebody who have tried this broker. but it's seldom market doing whipsaw,especially if we choose right currency so we can tolerate it.
Nah, if we chooose 'right' broker and no problem with them, One more problem to solve. it's actually the MAIN problem.
i never tried yet but i think straddle will work. but again only if broker allow that too, place order 'on the time' news is released. if can do this with 'OK' so back again, instant execution is better. why? bcs why use stop if we can place order during news? we put stop bcs we cannot place order during news or it remain requote and requote.
if we can solve this problem so trading news will be unstoppable
