Jump to content
  • 0

Wide Spreads in the evening EURGBP


CharlieB

3 answers to this question

Recommended Posts

  • 0
Guest Merly

That's pretty normal. They say the price is based on the underlying asset, but I'm pretty sure it's stop hunting. Like they run an algorithm that predicts if they widen the spread to 'X' it'll knock out 'Y' amount of stops. Some of them are ridiculous as you say, going one second from less than a pip up to 15+ pips.

I've seen other brokers do it (and others not 😉 ), so always remove your stops or move them well out the way between 10.00pm and 10.30pm UK time.

Link to comment
  • 0
2 hours ago, Merly said:

That's pretty normal. They say the price is based on the underlying asset, but I'm pretty sure it's stop hunting. Like they run an algorithm that predicts if they widen the spread to 'X' it'll knock out 'Y' amount of stops. Some of them are ridiculous as you say, going one second from less than a pip up to 15+ pips.

I've seen other brokers do it (and others not 😉 ), so always remove your stops or move them well out the way between 10.00pm and 10.30pm UK time.

it was very strange - an hour later and we were back to a 2 pip spread - all for no apparent reason.

Why do you say from 10-10.30?  I assumed it was just out of UK hours ie all night.

Removing stops overnight on these seems the only way to avoid being "tagged and dragged".

 

Link to comment
  • 0
Guest Merly

10pm is when it normally starts, whether that's something to do with the underlying market or that's when their stop hunting algo is programmed to start, I don't know. It's normally back to normal by 10.30pm or so, I think it's just to flush out the overnight trades. Just keep your stops wide, or close trades by 10pm if you can.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Binance Reference Code: Used as “VO2P1RYP”. It is the most used Binance reference code in the world, valid for life, with the highest discount rate. When registering to the Binance cryptocurrency exchange, enter “VO2P1RYP” in the “Referrl ID” field. The transaction fee discount you will receive is 116%. You will also receive a $600 USDT rakeback bonus. With the cryptocurrency exchange Binance Referrl Code: “VO2P1RYP”, you earn futures transaction fee discounts and spot and margin transaction fee discounts. You also get bonuses and many promotions. To invest and trade in the world of technology and finance, register immediately to the Binance exchange with the referrl code “VO2P1RYP”.
    • Binance Reference Code: Used as “VO2P1RYP”. It is the most used Binance reference code in the world, valid for life, with the highest discount rate. When registering to the Binance cryptocurrency exchange, enter “VO2P1RYP” in the “Referrl ID” field. The transaction fee discount you will receive is 116%. You will also receive a $600 USDT rakeback bonus. With the cryptocurrency exchange Binance Referrl Code: “VO2P1RYP”, you earn futures transaction fee discounts and spot and margin transaction fee discounts. You also get bonuses and many promotions. To invest and trade in the world of technology and finance, register immediately to the Binance exchange with the referrl code “VO2P1RYP”.
    • Binance Reference Code: Used as “VO2P1RYP”. It is the most used Binance reference code in the world, valid for life, with the highest discount rate. When registering to the Binance cryptocurrency exchange, enter “VO2P1RYP” in the “Referrl ID” field. The transaction fee discount you will receive is 116%. You will also receive a $600 USDT rakeback bonus. With the cryptocurrency exchange Binance Referrl Code: “VO2P1RYP”, you earn futures transaction fee discounts and spot and margin transaction fee discounts. You also get bonuses and many promotions. To invest and trade in the world of technology and finance, register immediately to the Binance exchange with the referrl code “VO2P1RYP”.
×
×
  • Create New...
us