Thread: Stop-Hunting Question

Originally Posted by ;

LOL wow... did you just google a new line? Nice man... I used that one back in high school.

You're right it is getting late, it's been good fun, like the losses.

No losses for the previous 3 months buddyup 40%, thanks for asking though. Hey be sure and check these 1 penny each pip trades once you return from your shift.

Originally Posted by ;

I've heard this argument before in terms of, do brokers stop search. And IMO yes they do have incentive. Add up all the miniature, micro, fractional lot account across a broker, which adds up to a lot of cash, which adds a lot to some brokers bottom conclusion. Even if all they are trading is micro lots, mutliply that by all the thousands of folks just messing about in FX, it adds up to a lot, even more should they stop search.

If they don't stop search and those micro account win or break even, they are outside a lot of cash. One of the things you know when...

I believe we will need to make some clarifiions.

The brokers didn't allow retail that access to'search' their stops. The actual reason that they let retail in, especially with all that leverage, is since the retail trader is worst than clueless. Not only does that help give them the account at the long run, but retail traders who believe the exhilarating need to leap in and out of trades many times an hour rack up a lot of quantity, which translates into profit from the spread. The broker is profitable from the spread independently, save for times they can`t hedge efficiently, ie. News, which explains why they widen their spreads - to secure their bottom lines, as liquidity dries up - not a part of some evil scheme.

I believe that the mistake here is terminology.

A broker doesn't'search stops'. The expression is normally used by FX traders to indie when larger participants who need liquidity, actively try to push price to activate stops, to fulfill all of duties they have - carrying on or exiting a position. A retail broker is never going to be seen doing so. A true stop search can be seen by Everybody. If you're the only person who is a'victim' of this clinic, then odds are it's shady activity by your broker. I think that distinction should clean up a lot of confusion.

A question which should be asked to those that believe in cease searching by the broker...

How large of a halt is safe?

Did you know? ...

We are all hunting stops.

Great post Trizz!

This market is indeed interesting when we loe areas that induce people to make transactions or areas which large traders can trade w/o moving price very much.

Originally Posted by ;

Did you know? ...

We are hunting stops.

Stops make the world go'round

Originally Posted by ;

No losses to the last 3 months buddy, up 40 percent, thanks for asking though. Hey be sure and check those 1 penny each pip trades once you return from your own shift.

I never asked and never'd ask. I understand now that you are a liar.

Originally Posted by ;

Great Article Trizz!

Really

Originally Posted by ;

It is requotes that frighten me more. Every time it happens I'm convinced it is just so the broker can manipulate prices!

Problem is there is little that could be done in order to prove it.

I'm seriously contemplating moving to Ninjatrader soon to exchange forex futures instead...

those are is that price has changed since you pushed the button and the may not give you you price that was quoted on the ticket so the requote that you

its not a shady dealing by the broker... its only an inefficiency of MT4

most platforms do it... its just other platforms are easier and faster to re enter the order...

I despise mt4

Do brokers stop hunt? Not as frequently as people believe. However, when there was a large group of stops in a place, it'd be relatively cheap to hit them, and would profit them, then sure. Most people would do the Identical thing

Hey Nutsoid, Trizzle's post above is accurate.

A broker now days can not run their client's stops bc it'll introduce them to traders that will benefit from the mispricing and use it to trade another way.