Quote:
Originally Posted by john2008
What happen to the default stop loss of 300 points....my pip losses in any system used is now whatever they set the stop loss..used to be a 300 point default...now deciding tatal loss possible you need to go by your systems stop loss...too bad a message wasn't sent on this change...so I lost over 600 pips instead of 300 pips last trade?????????????
thanks john
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There is a 300 pip stop loss by the platform provider which is meant to protect in case the signal provider DOES NOT send a stop loss in when the position is opened. However, if the signal provider sends in a stop loss or if you place your own stop loss, then this 300 pip default is nullified. There have not been any changes on this matter since the platform began.
So, as you can see, this 300 pip stop loss is immediately overridden once:
1) the signal provider sends in a stop loss, or
2) the client sends in a stop loss
Email
systemselector@fxcm.com with your account number and trade details and we can review and verify the activity and signals sent by the signal provider.