shoushe Posted July 21, 2015 Report Posted July 21, 2015 Slippage is very common with most brokers, is there anyway to handle it in real trading? Quote
Contempo Posted August 12, 2015 Report Posted August 12, 2015 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. Quote
shoushe Posted August 19, 2015 Author Report Posted August 19, 2015 Thanks for your explaination but could long TP/SL reduce slippage? Quote
Kartoxa Posted November 17, 2015 Report Posted November 17, 2015 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. Quote
Klimov Posted December 20, 2015 Report Posted December 20, 2015 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. Quote
usok Posted December 31, 2015 Report Posted December 31, 2015 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. Quote
orni308 Posted December 31, 2015 Report Posted December 31, 2015 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. Quote
caveatFx Posted January 12, 2016 Report Posted January 12, 2016 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 Quote
Princesspips Posted January 15, 2016 Report Posted January 15, 2016 Hard to avoid , particularly if you trade around news or periods of high volatility. Quote
binaryowner Posted February 9, 2016 Report Posted February 9, 2016 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. Quote
usok Posted February 15, 2016 Report Posted February 15, 2016 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. Quote
diablo88 Posted February 17, 2016 Report Posted February 17, 2016 Just contact your broker for any slippage issues, maybe they can refund to you. Quote
binaryowner Posted February 18, 2016 Report Posted February 18, 2016 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. Quote
usok Posted February 19, 2016 Report Posted February 19, 2016 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 Quote
binaryowner Posted February 23, 2016 Report Posted February 23, 2016 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. Quote
Klimov Posted February 28, 2016 Report Posted February 28, 2016 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. Quote
Guest Mohamad Tammat Posted April 10, 2017 Report Posted April 10, 2017 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. Quote
HollerAndreas Posted July 30, 2017 Report Posted July 30, 2017 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. Quote
Trender Posted July 31, 2017 Report Posted July 31, 2017 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. Quote
Dele Alli Posted October 29, 2017 Report Posted October 29, 2017 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. Quote
caveatFx Posted October 31, 2017 Report Posted October 31, 2017 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 Quote
venturefx Posted November 5, 2017 Report Posted November 5, 2017 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 Quote
Guest Moon_shine Posted November 25, 2017 Report Posted November 25, 2017 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. Quote
D4rr3n Posted August 13, 2018 Report Posted August 13, 2018 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. Quote
Davidfeliciano9 Posted May 12, 2019 Report Posted May 12, 2019 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. Quote
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