Wednesday, October 15, 2008

Order hit, trade stopped out.

The first entry order was hit around 1:30 EDT, and the pair approached the second order, but didn't hit it before getting stopped out at 4:30 EDT during a news event when the spread must have been quite wide, since the low on the chart at that time is 10 pips from the stop price.
Then, of course, the pair went higher and triggered the 2nd order. This is always a problem with OANDA, since their platform doesn't offer the ability to automatically cancel orders when certain events happen. So I lost another 50 pips on the 1/2 size short order. Sometimes it results in a win... so it's not a huge problem, but I'd really prefer that the platform have the functionality to implement my plans my way.

Previous equity: $270
Pip change: -43 and -50
Change: -$29.84
% Change: -11.05%

Current closed equity: $240.16
Current position: flat
Current exposure: 0

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