QUOTE(sleepwalker @ Apr 6 2012, 08:14 AM)
Well, algos don't take time off. Fortunately if they are not triggered then nothing happens but if they are, you'd see the market move without any sense or direction as the algos trigger one after another. In such market it is best to stay on the side lines as all analysis and strategies can be thrown out the window.
By algos, I suppose you meant the algorithms that are set by the banks and large funds?
QUOTE(Godard @ Apr 7 2012, 12:32 AM)
For XAUUSD (gold) traders,
My forex broker changes the gold spread above 500 pips today (previously was 60 pips) even in fixed spreads package. Do you all experience that ?
Make sure that your broker has not changed any policy towards the fixed spread. Another reason, it could be because of less activities during the day due to Good Friday holiday.
My broker previously has a fixed 60 pip spread. But recently, they sent a notification saying that they can no longer offer fixed spread for the time being.