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| Acceptable slippage ? https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3911 |
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| Author: | Fable [ Mon Nov 03, 2014 3:19 pm ] |
| Post subject: | Acceptable slippage ? |
Hi guys, I have a quick question. I just register for some contest with fxcm, after only 2 trades (first was a partial close) the second one exit on stop loss but with a +10pips slippage. As I only have trade with dukaskopy, Global Prime and activtrades, I never had such a huge (?) slippage on EURUSD during london+Ny session. Now I only trade with GP  but I was wondering if this is common normal for a broker like FXCM ??Thanks for any reply, Regards, Fable |
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| Author: | Jemook [ Tue Nov 04, 2014 4:17 am ] |
| Post subject: | Acceptable slippage ? |
Hi Fable, I'm talking agnostically about brokers not just FXCM - slippage is something that happens in FX, most commonly in a fast moving market or over a news announcement or on a volatile / illiquid pair. You should check to see that you receive positive as well as negative slippage on trades. Watch out for the high impact news announcements specifically. At GP all trading styles are welcomed but we caution news traders as follows: On limit orders such as buy stops, sell stops, take profits, stop losses etc the order will be filled at whatever price is being offered by our LPs. This could mean severe slippage on high impact data announcements where price gaps through a limit order and the next available price is x pips away. It can be positive slippage too so it can also work in your favour but honestly my advice before you start is to have a think about this before you start trading a news trading strategy on our ECN feed. The issue we find with news traders is they trade on broker X on the B-book (market maker) stream for a while where they get perfect fills due to the artificial pricing. Once the trader starts making money they are moved to the A-book stream which is real pricing and then they see slippage etc. On GP all clients are on an ECN A-book only stream so my gut feeling is almost all news trading strategies won’t be suitable on our feed. Cheers, Jeremy |
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| Author: | akasha [ Thu Dec 11, 2014 7:58 pm ] |
| Post subject: | Acceptable slippage ? |
it's quite hard to define slippage, based on my personal experience with my current broker Armada Markets , I'm rarely enter market before the news release, but I still do order, a pending order, mostly stop order. i wont says AM doesnt had a slippage (based on my years trade, no such brokers would able to handle price market volatility during big news event - NFP), it surely had it's slippage sometimes it goes at 10-20 pips. Well as you might know slippage problem occurs when there is something wrong with LPs OR when you break into trend at is height . I’ll talk about the first one. In the light of their recent withdrawal from Lmax, I noticed some increase in slippage but then sharp reduction. Guess, they were shifting on better LP that time. Just looked into my AM platform, well, last trade on EUR/USD got 2 pip slippage (NFP release). Quite good as I entered particularly into the trend outset. |
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