External content from the 0x8 blog,
reflects personal opinion only!
recently on twitter
here is how this does play out in reality
Sell positions opend on GBPUSD with a Stoploss at 1.31231
The ICMarkets account with DOUBLE the position size got stopped out at 1.31228
while CTI took the scenic route and finally closed the position at 1.31395, 167 points higher!
in fairness, the ICMarkets account also has slip on exit by 1.5 points (0.015 pips)
Also noteworthy is that the position was already hitting the SL Before the news came out, but the client did not close it, with price clearly being higher than the SL already and the volatility was still acceptable.
Seriusly?
yep, but not a too bad thing really, as news trading is gambeling anyway 😉