Swissie spike!

[4XQs]

ET is always great for it's entertainment value

 

[Bigpipn]

Quote from atticus:

There is no qualitative distinction between a stop placed by a discretionary trader or some retarded EA algorithm. FX is decentralized, so there is no way you're going to know if "they" had massive size to buy into that spike. 5:1 risk at 88% is a marginal positive expectancy, but we both know those numbers are the worst kind of bullshit. 5:1 is not edge.

Well those numbers are of course the base algo, like I said there is a dynamic stoploss feature, but it is nothing special.

I watch this shit all the time, I did not b*tch about the Swiss National Bank intervention that blew out my martingale based scalper, this is different, I know MANY EAs that trade Eur/chf that have similar stoplosses and it is just funny (maybe coincidental) that they were taken out by a few ticks THEN you get that bar running stops above as well then back to normal like nothing happened. Perhaps that was someone liquidating size and that's how it reacts on that pair.

This is my last statement regarding this, I'm not in here to bitch, I just guess I didn't fully understand it and I must assume the blame.

 

[sakhter]

Quote from davidmaria1:

No no no. Clear manipulation of the markets. Obviously every broker was in on it.................

All you need is 1 broker & a large enough order size. You're pretty naive if you believe your stops/tps don't show up on level2.. and the fact that *ALMOST* every MT4 broker is sleeping in the same bed.

http://bostontechnologies.com/startbrokerage.html

 

[atticus]

Quote from sakhter:

All you need is 1 broker & a large enough order size. You're pretty naive if you believe your stops/tps don't show up on level2.. and the fact that *ALMOST* every MT4 broker is sleeping in the same bed.

http://bostontechnologies.com/startbrokerage.html

You're not distinguishing between dealer and market manipulation. Nobody disputes that MT4 is a con.

 

[davidmaria1]

Quote from sakhter:

All you need is 1 broker & a large enough order size. You're pretty naive if you believe your stops/tps don't show up on level2.. and the fact that *ALMOST* every MT4 broker is sleeping in the same bed.

http://bostontechnologies.com/startbrokerage.html

I use MT4 only for charting, Oanda for orders, and throw small size as well.
That being said, the downward spike on the EUR/USD that is in question only dipped to within 2 pips of that days bottom support.
Not, in my opinion, a good place for a stop.

 

[sakhter]

Quote from davidmaria1:

I use MT4 only for charting, Oanda for orders, and throw small size as well.
That being said, the downward spike on the EUR/USD that is in question only dipped to within 2 pips of that days bottom support.
Not, in my opinion, a good place for a stop.

Good place for a stop or not, I made $9,500.

you do mean "upward" spike right?

 

[davidmaria1]

Quote from sakhter:

Good place for a stop or not, I made $9,500.

you do mean "upward" spike right?

I misunderstood. I thought you lost money.
$9500. Pretty damn good.
And there I was offering advice........oops:eek:

 

[sakhter]

Quote from davidmaria1:

I misunderstood. I thought you lost money.
$9500. Pretty damn good.
And there I was offering advice........oops:eek:

haha, no worries. I was complaining because I had a very large drawdown during the spike up.. but came back down to where I had the stop, positive 2 pips and then went back up only to come down to my target earlier this morning.

The funny thing is, my targets always hit, but the market decides to push it higher(or lower) before hitting my target. That is why I feel it's deliberate..