Is this cheating?

hari09omkar · #1 23rd November 2007, 01:05 PM

Guys,I have encountered a peculiar problem from few days.After entering a trade,I am placing a stoploss for it,to the system,as usually traders do.For example today I entered short at HCC at 11:35:59,at 194.40,stoploss placed at 195.95 with a trigger at 195.90....at 11:50:55,the speedtrade terminal showed the message of trade confirmation @195.90....how is this possible? Anybody can check that the price didn't go to 195.90 at 11:50:55...the high of the recent bars were 195.75..but my trade executed!!! the exchange data to the broker's terminal and to my data provider's(which is very good) software is giving me the high of 195.75.....after hitting this stoploss the price went down and reached my target area.....192.40 and below.Not only today,yesterday's long of Hindalco was same.The stoploss was triggered and trade executed,but the exchange and data vendor's price didn't reach there,after taking my stop it went up to reach the area where I wanted to exit.It happened to me earlier also.Is this happening to u also? Is this cheating by Sharekhan? I am feeling hopeless guys.Should I change this broker?

jdm · #2 23rd November 2007, 01:32 PM

Quote:

Originally Posted by hari09omkar

Guys,I have encountered a peculiar problem from few days.After entering a trade,I am placing a stoploss for it,to the system,as usually traders do.For example today I entered short at HCC at 11:35:59,at 194.40,stoploss placed at 195.95 with a trigger at 195.90....at 11:50:55,the speedtrade terminal showed the message of trade confirmation @195.90....how is this possible? Anybody can check that the price didn't go to 195.90 at 11:50:55...the high of the recent bars were 195.75..but my trade executed!!! the exchange data to the broker's terminal and to my data provider's(which is very good) software is giving me the high of 195.75.....after hitting this stoploss the price went down and reached my target area.....192.40 and below.Not only today,yesterday's long of Hindalco was same.The stoploss was triggered and trade executed,but the exchange and data vendor's price didn't reach there,after taking my stop it went up to reach the area where I wanted to exit.It happened to me earlier also.Is this happening to u also? Is this cheating by Sharekhan? I am feeling hopeless guys.Should I change this broker?

well cant help with those freak trades. even those trades are not recorded in odin (not the diet one) in their inbuilt graphs or the half hourly market movements.

if i am not wrong you are useing iris, which although being a very good software is not 100% right, maybe 99.99%.

btw, if had i been in your place i would place my stop @ 196.1 with the trigger price at 196.05. the "phycological" slipage do saves one from lots of nuicenses.

cheers,
jdm.

hari09omkar · #3 23rd November 2007, 01:38 PM

Quote:

Originally Posted by jdm

well cant help with those freak trades. even those trades are not recorded in odin (not the diet one) in their inbuilt graphs or the half hourly market movements.

Dear jdm,my question is how these trades are done? If nse is not providing the data of that trade,which is evident from the data,then it is the nse who is cheating here.In the past it happened with me in Sesagoa,where my stop was far from the data listed and d trade executed.I am feeling being cheated yaar.

jdm · #4 23rd November 2007, 02:10 PM

Quote:

Originally Posted by hari09omkar

Dear jdm,my question is how these trades are done? If nse is not providing the data of that trade,which is evident from the data,then it is the nse who is cheating here.In the past it happened with me in Sesagoa,where my stop was far from the data listed and d trade executed.I am feeling being cheated yaar.

well it is nothing hocus-focus. rather ask yourself how the sharks run our stops. and thats why i advocated the slipage.

well its not about the exchange not providing the data. but the software (although 99.99% efficient) not able to catch the trades, which are executed at fractions of a second. have you ever tried any dde feed from odin. you will be surprised to find the data loss perticularly during those steep rise (or fall) although the software (like metaserver) are suppose to catch every change. and ofcourse they are efficent softwares. but then as they say "jantrayr jantrana"

cheers,
jdm.

VasanSuccess · #5 23rd November 2007, 03:57 PM

Well, It happen like this. some one would have placed a buy order with say 196 with 5% correction. your trader(online) would have sold it at that point. by end of day, If you see the intra day low , which is not match, then you may feel, otherwise, its just data error or so in ticker

Just guess, Yday, I placed buy order of DLF at 810 and i got it, But when i got it, the intra day low is only 813. may be My online trader is ok to give me aditional 2 rs as he going to take 4 rs from me as brokerage

rajesh.sadhanala · #6 23rd November 2007, 09:25 PM

Quote:

Originally Posted by hari09omkar

Guys,I have encountered a peculiar problem from few days.After entering a trade,I am placing a stoploss for it,to the system,as usually traders do.For example today I entered short at HCC at 11:35:59,at 194.40,stoploss placed at 195.95 with a trigger at 195.90....at 11:50:55,the speedtrade terminal showed the message of trade confirmation @195.90....how is this possible? Anybody can check that the price didn't go to 195.90 at 11:50:55...the high of the recent bars were 195.75..but my trade executed!!! the exchange data to the broker's terminal and to my data provider's(which is very good) software is giving me the high of 195.75.....after hitting this stoploss the price went down and reached my target area.....192.40 and below.Not only today,yesterday's long of Hindalco was same.The stoploss was triggered and trade executed,but the exchange and data vendor's price didn't reach there,after taking my stop it went up to reach the area where I wanted to exit.It happened to me earlier also.Is this happening to u also? Is this cheating by Sharekhan? I am feeling hopeless guys.Should I change this broker?

Really interesting.. Do u follow 1min bars. In the 1min bar if you cannot see the price reaching 195.9 then there is something fishy. NSE data must have a high reaching 195.9 at that point of time or else somewhere something is wrong.

One more clarification when ur SL is triggered what is buy price 195.75 or 195.90.. this should give a better picture

Raj

aroymkp · #7 23rd November 2007, 10:30 PM

Quote:

Originally Posted by hari09omkar

Dear jdm,my question is how these trades are done? If nse is not providing the data of that trade,which is evident from the data,then it is the nse who is cheating here.In the past it happened with me in Sesagoa,where my stop was far from the data listed and d trade executed.I am feeling being cheated yaar.

Put your execution code on nse site and cross check. You will get a confirmation if the trade was actually executed or not

Adheer · #8 23rd November 2007, 11:12 PM

I recommend that you verify your trade on the NSE website.

http://www.nseindia.com/content/fo/fo_tradeverify.htm
http://www.nseindia.com/content/fo/fo_trdverifyhelp.htm

expertspeaks · #9 24th November 2007, 12:44 AM

I think this is very common. It seems to happen when some desparate traders go for market orders instead of limit orders.

Now look at this problem from other angle. How many times it has happened with you that you placed a buy order at market rate and the trade got executed at a much higher price than what you see on the screen.

One example I remember is of Selan Exploration. I placed market order when the scrip was quoting @ 168. My order got executed @ 172 and if you look at the charts the scrip never went up to that figure.

I am sure something like this would have happened with you all as well. Lets share our experiences.

hari09omkar · #10 24th November 2007, 01:34 AM

Quote:

Originally Posted by rajesh.sadhanala

Really interesting.. Do u follow 1min bars. In the 1min bar if you cannot see the price reaching 195.9 then there is something fishy. NSE data must have a high reaching 195.9 at that point of time or else somewhere something is wrong.

One more clarification when ur SL is triggered what is buy price 195.75 or 195.90.. this should give a better picture

Raj

I use 1 minute bars and I can't see the high of 195.90...it is 195.75.I request u and all the traders to check the high of HCC at 11:51:58....actually u can check all the bars after my entering the trade,i.e. from 11:35:37 onwards....a fantastic gain would have been that.
And yes,my stoploss was executed at the buy price of 195.90....