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Thread: beware FXSOL stop hunting

  1. #1

    beware FXSOL stop hunting

    my stop at 1.4650 was shot out by FXSOL on Sunday due to their platform the smallest EUR reached 1.4645. I checked other charts like MT4 Alpari and FXCM, the smallest EUR ever reached is 1.4658. If you have a look at the chart in their own FXaccucharts they shipped, there's spike down at 16pm Sunday when there's no news. This is their answer to my query:
    Dear sir, Thanks for your inquiry. Please refer to the attached screen shot at the intraday low of the EUR/USD at 1.4645 on Aug 17 at exactly 4:24pm Eastern Standard Time (NY). Although other resources like MetaTrader and FXCM will show a distinct non, please be made aware that isn't a Centralized sort of market where there will be a unified price with every broker, but this is quite a global kind of market similar to an over-the-counter exchange.Exchanges like the Stock Market or Bond Market will show you the exact same price and range on a particular day. This isn't true for a worldwide market free exchange. We provide you with the very up-to-date and competitive Global Interbank Prices.These are the exact same rates which that was exclusive just for banks now offered to you through our retail platform.FX Solutions use just the very scientific method of price discovery which utilizes advanced algorithyms and is run by a computer rather than a person on the other side. For your advice, all of the brokers and banks begin the new trading day starting at 5:00 pm daily to capture the movements of the incoming Asian session.That being the reason why the ranges are reset daily at 5:00 pm EST.. There is no discrepancy at all with the prices we exhibited on our platform which showed the intraday low of 1.4645. I hope this will answer your query. Kind Regards Chris AdvinculaFX Solutions LLC

  2. #2
    Oanda includes a non for the Aug 17 - 15:00 (Central US) bar of 1.4642

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