Guaranteed Stops — guaranteed

[MickMason]

Originally posted by Frank_Fibonacci
If anybody has ever had a limit exit order gapped UP beyond their target profit, please let us know.

I've on occasions been re-quoted a better price in a fast moving market (market orders not stops/limits).

Mick

[uppernet]

when using market orders, it happens sometimes that i got one or two pips better rate than my intended entry/exits ..... what was the most number of pips you experienced getting ?

[MickMason]

Originally posted by uppernet
when using market orders, it happens sometimes that i got one or two pips better rate than my intended entry/exits ..... what was the most number of pips you experienced getting ?

From memory about the same I think, it didn't happen that often unfortunately!

Mick

[Speculator]

Originally posted by uppernet
assuming i am long at 1.27, i set my sell limit at 1.2750 ..... if rate gaps up to 1.28 from 1.27 ....... the brokerage will surely get me filled at 1.2750 .... then they keep in the pocket the extra bonus of .0050 ........ that is good business .....

I’ve read discussions on Oanda’s forums that it happens with their platform… which is logical if the platform is fully automated (it claims so) …which on its turn is better and rational choice if it does not have to guarantee SL, entry, etc. and has to keep the spread very tight…
On the other side with dealing desk brokers all the different types of orders are most likely sorted by software and executed by a dealer in accordance with “slightly” different rules for each order type. So… there we have a reason why many experienced traders recommend closing trades by placing OPPOSITE ORDER instead of TP which evetually will fool the system...
However all of the above is not yet confirmed by paying a personal visit to the described type of brokers which I’d very much like to do one day …so take it for what it’s worth…

[bobnat]

Originally posted by MickMason


You still here?

Nice try, but inept and juvenile.

Nat

[alljose]

ACM seems to still guarantee stops, but they increase the spreads during very volatile markets ( the largest I have heard so for on EUR is 12 pips). Personally I prefer this approach to large slippage and letting broker execute stops at any price they want. You may get stopped prematurely when the markets gets very volatile but at least your risk is known and is one step better than not knowing what price your broker may decide to give you

[Neal]

Hi all

Just saw a brochure for IG Markets Pty Ltd, a dealer from Melbourne, Australia. They offer 3pip spreads on all majors, as well as guaranteed stops!

Has anyone had any experience with them?

Their website is igmarkets(dot)com(dot)au

Regards
Neal.

[TRADERguy]

Originally posted by Neal
Hi all

Just saw a brochure for IG Markets Pty Ltd, a dealer from Melbourne, Australia. They offer 3pip spreads on all majors, as well as guaranteed stops!

Has anyone had any experience with them?

Their website is igmarkets(dot)com(dot)au

Regards
Neal.

Can you post a link to the page where they say they guarantee stops please. I looked through thier web site and didn't find any reference to the guarantee.

Thanks,

TRADERguy