I was on a geppy trade like 2 hours before FOMC Meeting Minutes yesterday, i was monitoring the trade and thought that it wont make sense closing for loss before the news since i was not in profit. During the news , right in front of my eyes, the geppy spread went more than 20pips on my pepperstone platform only for my trade to be closed out despite the fact that price is far from my SL and the candle never increase in size to get to my SL. This is pure stop loss hunting.
Why is it difficult to find trust worthy brokers now a day especially on mt4? Why are the so called (big) brokers stop hunting us? If you ask them, they will say it is market reaction and they have nothing to do with it.
What this broker did to me might be small but when you add it to many other traders of similar situation, they will rip millions from us. Without us they are nothing, but when they keep ripping us like this , it might want someone like me loose much interest in currency trading .
I might be wrong on my observation if this happen to other brokers at the same time, but for now it is pure stop loss hunting that they were caught read handed.
I am beginning to loose interest in fx trading because of something like this despite that i have good strategy to make money.. You will fight market to make money and still, you will fight to get protected from the brokers? Then why disturbing us to trade with you?This is the third times within a day, the other 2 was just stop loss on exact stop loss price and it gets reverse and keep on going in your preferred direction. Why must we be cheated all the time?
Why is it difficult to find trust worthy brokers now a day especially on mt4? Why are the so called (big) brokers stop hunting us? If you ask them, they will say it is market reaction and they have nothing to do with it.
What this broker did to me might be small but when you add it to many other traders of similar situation, they will rip millions from us. Without us they are nothing, but when they keep ripping us like this , it might want someone like me loose much interest in currency trading .
I might be wrong on my observation if this happen to other brokers at the same time, but for now it is pure stop loss hunting that they were caught read handed.
I am beginning to loose interest in fx trading because of something like this despite that i have good strategy to make money.. You will fight market to make money and still, you will fight to get protected from the brokers? Then why disturbing us to trade with you?This is the third times within a day, the other 2 was just stop loss on exact stop loss price and it gets reverse and keep on going in your preferred direction. Why must we be cheated all the time?
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful