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Re: Z12 Stop Loss
[Re: boatman]
#462899
11/03/16 17:40
11/03/16 17:40
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Joined: Jun 2013
Posts: 1,609
DdlV
Serious User
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Serious User
Joined: Jun 2013
Posts: 1,609
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Hi vinsom, boatman, (& jcl?),
My initial reaction was the same as boatman's - it's the "disaster stop" - i.e., the stop sent to the broker, not the script's real stop (hidden from the broker to prevent stop hunting).
However, elsewhere jcl has noted 30% as the general figure for these stops (tighter for certain assets/brokers), and this stop is quite a bit beyond that - so, wondering if something else is going on here?
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Re: Z12 Stop Loss
[Re: DdlV]
#462905
11/04/16 03:00
11/04/16 03:00
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Joined: Apr 2016
Posts: 27 Frankfurt, Germany
MIGI
Newbie
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Newbie
Joined: Apr 2016
Posts: 27
Frankfurt, Germany
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This monster stop is useless because it can wipe out 10% of your account. In my FXCM 10000 Euro demo there is a similar trade with a much smaller stop: {XAG/USD:BB:s7902} Short 1@18.3680 Risk 41$ ts at 20:12:01 Here is the link: http://www.fxblue.com/users/zorroz12Another question is, why should I hide the stop from my broker? If you think your broker tries to trick you out, you better look for another broker. Usually I trade my systems with more than 1 broker because 1. it is an easy way to monitor the quality of your broker and 2. a desaster can happen everywhere. I noticed that over time the quality of a broker can change. My favourites in the moment are ActivTrades, JFD and LMAX.
Last edited by MIGI; 11/04/16 03:01.
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