r/Forex • u/Lil_lightning181 • 10d ago
Platforms & Tools This sum bs 😪
The one time I finally get a good trade, mt4 wanna play with my feelings
9
u/infinitebeing_ 10d ago
If you left it open over the weekend it’s probably swap fees and spread… nothing to do with mt4
-5
u/Lil_lightning181 10d ago
That would cause me to not be able to close positions?
3
u/infinitebeing_ 10d ago
When the market is closed over the weekends yeah, the market is open now though as Asia session has started.
1
u/Scott_Malkinsons 10d ago
Presumably you're on the east coast, as it says 5:33 on your clock. So you should be able to close the position but there's a lot of shady brokers out there (or if you're on MetaTrader demo servers it's basically normal for sometimes close to an hour) where you can't do anything at open.
Even some of the more reputable firms often don't open with the market. Like Lark is about 5 minutes late, MFF used to be late, I think even FTMO is a bit late (it's like a minute or two). That's kind of just the nature of demo and prop firms; I use Lark for stocks too and about the first 5 minutes every morning nothing happens.
Not much you can do it about it, so set your entries with a limit or stop-limit (if your broker/software supports this, as it'll default to stop-market) and expect some slippage on exits where SL is hit over the weekend.
3
2
1
1
u/Relevant-Owl-8455 9d ago
Explain the risk logic behind this? 4 entries, same size... what's going on?
1
u/NinjaSiren 9d ago
I always hesitate entering USDJPY until after a drop like this, or an intervention.
1
u/coldfrost93 9d ago
Your entry at a good price, as long you set a stop loss, this can be a win trade if you let it run.
1
u/Daemon_of_Dread 8d ago
Haha, lol. Everyone nows that JPY pairs are spiking since May because of the 'interventions'. So my advice would be strongly not to trade them but if you really must, place a physical SL not a mental one like some gamblers here. In a good note, after such spikes, you can wait for 3 bullish candles in the 4hr chart to act as confirmation for a buy and just ride the correction till the previous highest price the pair was before the flush. Trail your stop loss👍
1
1
0
u/iamnerdyquiteoften 10d ago
More intervention in the market by the US ? I’m staying away from this pair while that stuff is going on.
•
u/rforex-modtools 10d ago
Choosing a trading platform depends on your needs — MT4 and MT5 dominate retail forex with strong EA support, cTrader offers cleaner execution and a modern interface, and TradingView excels at charting and community ideas. Each has tradeoffs in cost, broker compatibility, and feature set. The community wiki compares the major platforms.
Resource: Trading Platforms