I would like to share this video with you, guys, to spread the word about slippage and how to avoid it. As you may know that slippage is the difference between the price you enter a trade at and the price your broker actually execute it at. Literally, it can make a difference between winning and losing trade execution.
Watch it now and share it with your friends to get them know the solution your broker won't tell you. The video contains the website which sells the script; or you can just click on 'More Info' at the upper right corner of the video frame. You can test it for free, apparently, but then you'll have to subscribe. I don't know which broker s the guy in the video deals with I have never experienced even 3-pip-slippage once, not to mention 10 or 12 pips.
The day I see slippage of that magnitude occur, I'll change brokers. I'd advise to rather look for a proper broker and ensure sufficiently fast internet connection than spend money for yet another 'fantastic new product', especially one which will cost money every month.
You'll probably end up paying more for the monthly subscription than any slippage would cost you. Yes, you are right, you probably won't experience any slippage on demo account due to modelling infinite liquidity or on real account with small investments lot size. No broker can guarantee the promt execution and they don't. If you have a big slippage they point to fine print, saying that the chart is only for demonstrating the price movements.
As I see that there is no monthly fee or recurring subscription fee; the price is one time fee, by the way. I am trading a live account with a balance considerably higher than 50k, averaging position sizes of lots; yet I have never experienced a topip-slippage. Rarely there is a pip or two slippage. By the way, lots position size with a comparatively small account of 50k-plus USD, as decribed by you above, sounds like high-risk trading to me rather than like proper money management.
Hmmm, ok, if you say so. Yet the FAQ page of the websites refers to 'subscriptions', which led me to believe there was a monthly or annually recurring fee. I don't want to give you a lesson calculating the correct lot size. But in this case I cannot get your point. If you don't have slippage, then this topic and this video is not for you. Simple ignore this thread, ignore this video and ignore my post and drop this topic, please. Yes, of course, true. But wouldn't using the script keep one from getting any trades at all, then?
Of course I experience slippage, like everybody else. It cannot be avoided completely. What I object to is the video exaggerating the situation in order to sell a product. The average slippage I see is between 0. I posted here because I object to people trying to sell their software by exaggerating and distorting facts. As a matter of fact, I'm surprised that moderators have allowed this thread to live that long at all. That's probably owing to the fact that it doesn't contain a typed link to the selling website, but rather only an innocent-looking youtube video.
I am providing a view of the slippage situation which opposes the video, because there are many new traders on this forum who have the unfortunate tendency to unnecessarily spend money on things they can do without. Many experienced members of this forum do the same Slippage is partially caused by the trading system of broker's side.
So you must be cautious in choosing the right broker. Good on you Paladin for helping out. I couldn't watch the video but how is a script going to fix slippage which occurs when your broker cant fill or get out of the order fast enough? I haven't had any serious slippage with my live account FXCM , but if i had a 70 pip slide id probably lose it.
The audit is underway It's important to keep in mind that slippage can either be positive where you get filled at a better price or negative where you get filled at a worse price. These stats show that overall, positive slippage is just as likely to occur on your FXCM platform as negative slippage: However, there are specific trading strategies and market approaches that may increase your chances of receiving positive slippage while reducing your chances of receiving negative slippage.
For example, FXCM recommends opening and closing trades using limit and limit entry orders in most cases. The benefit to these order types is that you are guaranteed to receive your requested price or better without receiving negative slippage.
Remember, that although limit orders guarantee price they do not guarantee execution making order types an important consideration in any trading decision. When trading with market orders, FXCM recommends setting the order type to "market range," to avoid potentially receiving negative slippage.
A market range order type allows you to control the amount of slippage your order can receive when it executes allowing for price certainty. A market range of "X" pips assures that all or part of your order will be filled within a "X" pip range of the current market price "X" pips above or "X" pips below if liquidity is available. If you have any further questions about our platform, feel free to hit me up in the Broker Aid Station. I'm glad to hear you logged a case regarding this.
The Trade Audit Committee will investigate, and if there was an error in our trade execution, we will make the appropriate adjustment to your account. To actually simulate a virtual stock exchange where beginners can try online trading is very helpful.
Was it slippage or a market gap? Gaps can occur which is not slippage and a normal event. How to avoid slippage in Forex trading? Hi there, I would like to share this video with you, guys, to spread the word about slippage and how to avoid it. Hi PaladinFX, thanks for your comment. Hi PaladinFX, I don't want to give you a lesson calculating the correct lot size.
If you do not have slippage, you should be happy with it and I am happy with it, too. I just got hit with a 70 pip slippage. I'm filling out paperwork with FXCM for resolution. Hi Wmona, It's important to keep in mind that slippage can either be positive where you get filled at a better price or negative where you get filled at a worse price. If this is truth - good idea. I hope everything will be ok. I did not know you had the market range feature.More...