No on that day, stop-losses had 1000+ pips slippages because the entire forex market was shut down. All of the forex brokerages stopped providing quotes for several hours. There was NO QUOTES, NO PRICES!!! How can your stop-losses be filled when nobody was trading.
Spot Forex is an OTC market; there is no central exchanges. It's made up of about 10 - 20 banks and brokerages. If they stop trading, the whole market collapses.
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I'm talking Futures Market for Swiss F. Based on what I saw it was definitely trading throughout that massive move... (Not forex spot)
Just wondering if the case is, YES I would have been stopped out. It appears to be the case but wondering if anyone can verify.
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I was long RF, the eurchf futures on globex. No bid whatsoever to exit. RF had little volume on a normal day anyway. What futures are you talking about ?
From memory it took a long while until futures were active again at prices nearing the spot forex, had to neutralize the position via eur.chf spot which took a while as well as TWS wouldn't let the orders through despite showing quotes on both sides.
I didn't use a stop, so don't know how it would have worked, but with bids disappearing real fast it might have been ugly or disregarded by the system.
Thanks Luis, yup globex futures is what I'm talking about. (sorry I missed your response)
The charts I look at show that their was price and volume moving through those levels that I would have been stopped at. Wonder why that was.