Happy new year fellow forexers, and sorry for the beginner question.

Lets say i want to trade after closing hours via buy stops and sell stops when the spread is huge.
On demo i get well executed and everything works fine but.....

I suspect on real accounts i might get completely rekt.

Would someone familiar with this problem kindly shine a light on my question ?

Thank you very much and wish you all sort of good things, wonderful people !

Peace

gaarmitaar wrote: Wed Jan 04, 2023 6:00 am Happy new year fellow forexers, and sorry for the beginner question.

Lets say i want to trade after closing hours via buy stops and sell stops when the spread is huge.
On demo i get well executed and everything works fine but.....

I suspect on real accounts i might get completely rekt.

Would someone familiar with this problem kindly shine a light on my question ?

Thank you very much and wish you all sort of good things, wonderful people !

Peace

Are you trading the major pairs? Who is your broker buddy?

boytoy wrote:

Are you trading the major pairs? Who is your broker buddy?

gaarmitaar wrote: Wed Jan 04, 2023 6:00 am

Saw this post but couldn't answer at the time and if gets more than 24 hrs old and didn't write the name of the thread then the way the posts are set up there is no way of finding it again so thanks @gaar for refreshing it.

Couple of points;
a fixed spread broker won't have huge out of hours spreads but might not have the lowest average spreads.

Orders get filled on live depending on volatility, pending orders first, market orders last, so a pending order is more likely to get filled. Brokers have a degree of tolerance before they fail to fill if price jumps over your pending order price, or requote if it's an at market order.

The spread is higher out of hours because the broker's biggest liquidity providers close at end of US market (10pm London) and the broker needs to reach out to more expensive providers which is why you may see a spike in prices at 10pm London time.

Some broker's demo are better than others though never same as live, some will fail to fill or requote similar to live but as said, if price has moved very far from your order price the broker should cancel rather than fill at a far worse price, some brokers are better than others.

When trialling live always start with the minimum amount lot size (price per point) the broker will allow and see how it goes.

Hey! Which broker are you using with? I would recommend picking an ECN broker, in my opinion, because they ensures tight spreads, and quicker order executions. Plus I have been trading with some like aaafx, icmarkets and to this day, I haven't seen any wider spreads with them. Sometimes live and demo don't match, so you have to be wary about that.

boytoy wrote: Thu Jan 05, 2023 9:37 pm Are you trading the major pairs? Who is your broker buddy?

I have no real account yet , but im considering admiralmarkets.com.
Im planning on trading eurusd and gbpusd.

Ogee wrote: Thu Jan 05, 2023 10:00 pm When trialling live always start with the minimum amount lot size (price per point) the broker will allow and see how it goes.

Thank you for this wonderfull tip , i will def start like that to see how i get executed.