broker stop-hunted my palladium trade

pepperstone either has incompetent charting/data, or they're stop-hunting my trade. this is a live account btw, Pepperstone-Edge05 server

exhibit 1: extremely bogus candle, july 2 2019 (i wasn't in a trade here, thankfully):

exhibit 2: slightly less extreme, but still a bogus candle later in the day, on M15:
conveniently enough for pepperstone, it was enough to trigger my sell limit, and also my stop loss, then it went back to the normal price after taking my money.

does anyone else see this in their charts who uses or doesn't use pepperstone? i was under the impression they were a reputable company.

Ouch, time to find a new broker! You should move over to futures where you're not going to deal with brokers stop hunting. Trading is hard enough without that.

see this happen time after time and now i do not use a stop loss but i do watch my charts stop losses is their lunch money , send a complaint to them , also open demo with other broker to confirm your suspicions

it could be my fault.... it seems that there's a simple rule: "don't trade palladium with pepperstone"

look at their charts - it's ridiculous. and this is only me scrolling back less than 1 week on the m15!!

"don't trade palladium with pepperstone" sounds very reasonable i dont trade with them now did in the past at that time spreads and swaps and they trade none of the exotics i trade

I’m curious what their policy on scalping is. With moves like that, they’re just begging to be arbbed.

how does one go about doing that

place limit orders waiting for the errant spikes?

Nah, it’s a lot more complicated. Ideally you’d have api access to two brokers and run the whole thing through a python script. What you’d do is look at the bid-ask spread between brokers and simultaneously take offsetting positions when the spread goes negative (probably more like -2 standard deviations.)

For more info you might want to google “latency arbitrage”; the same general principles should apply.

Just for this purpose I opened an account with a low quality (nearly scam) broker IQOption... they always had their own imaginary charts and used to stop loss hunt CFDs, it was so easy to predict as their feed would go 0.02 seconds late of the price.. so i made(paid someone to make it for me) a specialized software to trade on their platform and compare it to the median price on tradingview... worked like a charm for around 2 weeks, then they realized what i was doing and my "manager" called me to tell me i broke terms and conditions by trading from different IP adresses...hahah

No big deal, i only invested around 200$ in that and made around 4500$ from it, i didn't really care. I eventually ended up taking it to Cysec and getting a full 4500$ payout from them... it's not a lot of money, but hey, at least it went from their stop loss hunting pockets!

As for Pepperstone and Palladium, i don't really know. When i compare prices for various assets (both currencies and metals) across diferent brokers, i often find spikes at the ending and begging of a day. For example when comparing Tickmill and ICMarkets, they both have spikes on certain assets that the other party doesn't have...
I don't really think they directly aimed the stop loss hunt at you unless you had a very large trade (50 lots+).
Also you should always go for a no dealing desk broker or for futures and Ef5 suggested... being stop loss hunted sucks.

You know... you can gather prices for that exact time from other brokers and independent sources and then threathen to send it to their regulator... i'm sure they'll refund you, or at least your regulator will (If it's Cysec or FCA or sometihng along those lines... if it's FSA seyschelles, forget about it). But this is a long process and requires time, so if it wasn't a lot of capital i'd just reccomend taking it to pepperstone and leaving the broker.

I'm always too afraid to trade palladium with these brokers, liquidity isn't there.

I agree with with the guys above, trade gold with pepperstone but palladium is a futures game (or long term physical play if you're into that).

GL to you perma (fellow bull )