a Bug

[forex_boy86]

hello...it is a bug? (attach)

If I'm not mistake, the profit must $75 isn't it?

[chinexex]

If I'm not mistake, the profit must $75 isn't it?[/QUOTE]

i guess it's truely a bug.

a review of ur closed order details:

CURRENCY: GBPUSD (BUY)
LOTSIZE: 5 ......... a mini account i assume
PRICE: 1.67700
STOPL: 1.67715
TAKEPROFIT: 1.69215
PROFIT: -25$

ANALYSIS:
i tried tracing the price move within ur stated period and discovered that it ranged within 15pips from 1.6770-1.6760-1.6775 as the market was slow at that time.

from the above detailed attachement, your trade closed 12mins later (i.e from 16:50-17:02 same day).
your TP was over 151 pips away from your entry price (irrespective of the last digit) and your SL which was set 15 pips above the entry price was hit. (hence it acted as a TP and should have profited 15x$5) but then again, the real price closed at 1.67695 which was 5 pips below the entry price. and it seems you paid a high commission of -58$

QUESTION:
what kind of E.A do you use?
what kind of broker do you use?

SUGGESTION
i think you have to review ur E.A calculations.

[nonamer]

hello...it is a bug? (attach)

If I'm not mistake, the profit must $75 isn't it?

Hi

Remember ECN account are 5 decimal point .
So you price open are 1.67700
Lot size 5.0lot ... that mean 1pip value x 5 lot = 5usd /1pip
You trade closed at 1.67695, so the different
1.67700 - 1.67695 = 0.00005 or 5 pip x 5usd = -25 usd

This is ECN account .. You Closed price or open price are depending on Liquidity ..
On you position you stop loss are hit with open gap.

Stop Loss
This order is used for minimizing losses, once the Financial Instrument price has started to move in an unprofitable direction. If the price reaches the set level, the position will be closed automatically at the current market price similar to Market Order execution. The price when your Stop Loss Order is executed may not always be the price you set. When a Stop Loss Order Level falls to a level at which a Price Gap has occurred, the Order is executed at the Quote which is presented in the Price Flow, once the Price Gap has ended. The Client can place a SL only together with an already open position or a pending order (Limit or Stop orders). If a Stop Loss Order Level is set very close to the pending order open price it may cause the immediate close of the just executed pending order. The Terminal checks long positions with the BID price for meeting of order provisions, and the ASK price for short positions.

Thanks

[forex_boy86]

QUESTION:
what kind of E.A do you use?
what kind of broker do you use?

SUGGESTION
i think you have to review ur E.A calculations.

- I'm not use EA, it was a Pips Protect script
- Fxopen ECN broker

[forex_boy86]

Hi

Remember ECN account are 5 decimal point .
So you price open are 1.67700
Lot size 5.0lot ... that mean 1pip value x 5 lot = 5usd /1pip
You trade closed at 1.67695, so the different
1.67700 - 1.67695 = 0.00005 or 5 pip x 5usd = -25 usd

This is ECN account .. You Closed price or open price are depending on Liquidity ..
On you position you stop loss are hit with open gap.

Stop Loss
This order is used for minimizing losses, once the Financial Instrument price has started to move in an unprofitable direction. If the price reaches the set level, the position will be closed automatically at the current market price similar to Market Order execution. The price when your Stop Loss Order is executed may not always be the price you set. When a Stop Loss Order Level falls to a level at which a Price Gap has occurred, the Order is executed at the Quote which is presented in the Price Flow, once the Price Gap has ended. The Client can place a SL only together with an already open position or a pending order (Limit or Stop orders). If a Stop Loss Order Level is set very close to the pending order open price it may cause the immediate close of the just executed pending order. The Terminal checks long positions with the BID price for meeting of order provisions, and the ASK price for short positions.

Thanks

do you mean, it is a slippage problem? coz my another closed order, SL works fine

[nonamer]

do you mean, it is a slippage problem? coz my another closed order, SL works fine

Hi,

I think the explanation already in full detail above.
"The price when your Stop Loss Order is executed may not always be the price you set. When a Stop Loss Order Level falls to a level at which a Price Gap has occurred, the Order is executed at the Quote which is presented in the Price Flow, once the Price Gap has ended."
Gap can happen when price move fast or when Market open in Monday or when news time.
So when gap happen, you stop-loss will closed on the 1st price its open.

Thanks

[forex_boy86]

Ok boss.....


ECN....

[FXOjafar]

hello...it is a bug? (attach)

If I'm not mistake, the profit must $75 isn't it?

It's not a bug. You need to take into account the commission as well on ECN.

Also take care of News releases. Often liquidity disappears around major announcements which causes the spread to widen which can give you slippage.