To avoid any confusion, this has nothing to do with the brokers being untrustworthy. As far as I know all money is safe. The issue revolves around the communication between the bots and the brokers. If the communication between the bot and broker is not consistent, trades might look like this:
Within the NURP community, they are attributing this to the latency (delay) of the broker’s servers. And, in the case of many US traders doing algo trading, this is at Ox Securities. The trade is placed, but not all parameters are correctly communicated. The no “T/P” is the only parameter I know is sometimes dropped when a trade is completed.
The solution?
- You can close the trade as soon as you notice it–ideally the trade will be in profit.
- You can see if the bot has further communication in a day or two with the broker’s servers and updates the field.
- You can always close the trade from within MT4 at any time. You don’t have to make a decision now. 😉
If everything all worked perfectly, it would be too close to heaven. And, in heaven, we won’t need money. 🙂
