How to avoid slippage?

Slippage is very common with most brokers, is there anyway to handle it in real trading?

Obviously, due to technological reasons, there will always be some slippage between the requested price and the execution price. Nevertheless, you should find a broker that allows trading with minimum slippage that will not kill your account.

Thanks for your explaination but could long TP/SL reduce slippage?

Thanks for your explaination but could long TP/SL reduce slippage?

 

Take profit or Stop loss cannot reduce your loss in case of slippages. Broker process your orders at the first available price after gap, that mean your loss, closed on S/L, can be more than you set and profit, closed on T/P, can be less or negative. To reduce slippages you can set maximum deviation in points from the current price in case broker has Instant execution type, if Market - no chances.

We must try to find a broker which has normal trading conditions. In my trade with the fresh forex, I never had sudden requotes. And orders never slow down, do not spoil my nerves. Withdrawal also works fine: many options of electronic payment systems, there are credit cards as well.

I guess slippage is really normal, there is no avoiding it especially if you are going to be trading news lke the NFP release, thats why i just stay clear from it.

We must try to find a broker which has normal trading conditions. In my trade with the fresh forex, I never had sudden requotes. And orders never slow down, do not spoil my nerves. Withdrawal also works fine: many options of electronic payment systems, there are credit cards as well.

 

If you are trading with a good broker then generally these things doesn't happen, brokers with poor systems tend to do such things.

Slippage is very common with most brokers, is there anyway to handle it in real trading?

 

as far as i know, in ECN Brokers like Tickmill, slipage happens because in their liquidity provider , no order can counter your order

for example you order buy at 0.7000 but in that area in brokers liquidity , there is no sell order to counter your trade, and the nearest sell order is at 0.7006 , so you will have slipage. because forex trading is a trading, we need a sell order if we are buy, and vice versa

Hard to avoid , particularly if you trade around news or periods of high volatility.

Thanks for your explaination but could long TP/SL reduce slippage?

 

Of course not because they're not connected. With SL and TP you can control your risks but its really hard if you trade on platform with bad liquidity. That's why I prefer Hotforex to trade without slippage.

yeah i would say there is no avoiding it, but i guess it hits scalpers the most, and trades with larger lot sizes. we just have to adapt and make it work. but be warry of some slippage (those that are quite suspisious) coz brokers like fxcm and alpari was fined for it. they abuse it i guess.

Just contact your broker for any slippage issues, maybe they can refund to you.

Just contact your broker for any slippage issues, maybe they can refund to you.

 

Yeah got two refunds from Hotforex because of bad spikes, they do honor their agreements and grant true access to interbank markets. Glad that I trade with them.

there are pretty much obvious slippage, but some traders tend to abuse the refund/reimbursement, but i guess fxcm and alpari got fined for abusing NFP releases so, if its that obvious then contact the broker. but there is no avoiding it really

there are pretty much obvious slippage, but some traders tend to abuse the refund/reimbursement, but i guess fxcm and alpari got fined for abusing NFP releases so, if its that obvious then contact the broker. but there is no avoiding it really

 

Yeah that's because true STP brokers like Hotforex are mediators and they can't control or modify the feed they receive and refer to a trader. So if there some problem pops up, don't hesitate to touch base with broker support to seek compensation.

It is necessary to select the normal broker, and select system, which avoids slippage during opening and closing deals. Therefore, you can minimizing loss of funds for each deal.

If you don`t want slippages, find a broker with Instant Execution method. But in this case, you`ll face with requotes. Slippages are normal for Forex market, I think, it is smth, you should accept and deal with.

I don't know but i think this is not in our control. If there is slippage then what can we do? I don't think there is any way to avoid it apart from joining better broker....

 

Sometimes it is out of your control but you can do the following to avoid it.

 

1) Choose a reliable forex broker who does not trade against you.

2) Try not to trade when the market is super fast.

 

For me this works well.

Sometimes it is out of your control but you can do the following to avoid it.

 

1) Choose a reliable forex broker who does not trade against you.

2) Try not to trade when the market is super fast.

 

For me this works well.

 

Hi

What's your broker?

thanks.

We just need right broker. I believe slippage can be horrible and I have faced it recently with ForexMart, as it was horrible for me with their service which made me lose a lot. So, it is absolutely vital that we avoid such broker.

We just need right broker. I believe slippage can be horrible and I have faced it recently with ForexMart, as it was horrible for me with their service which made me lose a lot. So, it is absolutely vital that we avoid such broker.

 

Thanks for sharing could you describe your trading trouble with details, so we won't make same mistakes and improve together

We just need right broker. I believe slippage can be horrible and I have faced it recently with ForexMart, as it was horrible for me with their service which made me lose a lot. So, it is absolutely vital that we avoid such broker.

 

Yeah they advertise low spreads but when trade during volatility their order fills are unpredictable :(. Couldn't figure out time when scalping is possible with them so after 3 months of tests moved on Hotforex zero spread account and it feels much better, although need more time to make sure they don't cheat too

A good idea is to first check with your Forex broker to see how much slippage you are going to face in case price open up with a Gap or due to some news announcement.

Don't trade. That's how you avoid slippage.

 

On a more constructive perspective though, as far as brokers' integrity go like what the other shared, it is important to understand it also depends on the way you trade. Depending on that, at times, slippage is actually a good sign.

Use limit orders to get out of most of your profitable trades. If you need in or out of a position immediately, use a market order. When placing a stop loss, use a market order. Market orders are prone slippage, but a small amount of slippage is worth it if we need to get in or out quickly.