I bought gold yesterday at $1330.10, a TP at $1345.1 and had my stop at $1324.50. Earlier today, the gold bid price reached ~$1324.65 and my stop was almost hit. ~30 min.'s later, gold passed my TP, but it moves so fast, my take profit was filled at $1350.13. That's $5.03 better than my TP limit order in my favor. Now I know that I can trust forex.com (they aren't the best broker but they are great for news trading which is my specialty) Did this happen to anyone else?
I bought gold yesterday at $1330.10, a TP at $1345.1 and had my stop at $1324.50. Earlier today, the gold bid price reached ~$1324.65 and my stop was almost hit. ~30 min.'s later, gold passed my TP, but it moves so fast, my take profit was filled at $1350.13. That's $5.03 better than my TP limit order in my favor. Now I know that I can trust forex.com (they aren't the best broker but they are great for news trading which is my specialty) Did this happen to anyone else?
Slippage giveth, and it taketh away alike
No way I'll wreck this... It's a beer truck!
Remember that the next time it slips against you.
Slippage giveth, and it taketh away alike
So far, I never had slippage on a Stop Loss but this is the first time I had slippage on a Take Profit. $5 is a huge slippage. I am assuming most broker would have given you your Take Profit level and pocketed the difference.