Breaking down lots into smaller lots

Aug 26, 2013 at 20:18
459 Tampilan
2 Replies
Anggota Sejak May 22, 2012   23 pos
Aug 26, 2013 at 20:18
Hello Experienced traders,


I just have a quick question about the orders.
Say, you need to place an order of 10 lots.

Is it better to place ten 1 lot orders or just a single 10 lot order? (in terms of slippage)

Is there anyone who could give me an insightful comment on this?



Thank you,

AB
Anggota Sejak Nov 21, 2011   1718 pos
Aug 31, 2013 at 11:44
If you have a good broker, I don't think you will suffer from slippage in case you want them all to be the same price.

Anyway, you do a test in real time with 10 ordres @ 0.01.

Like that you can set up easily differents TP.
pip2cash
forex_trader_8139
Anggota Sejak Mar 04, 2010   423 pos
Aug 31, 2013 at 16:38
Hi,

I don't think 10lot will have problem with slippage. Either 100lot will not have such problem with an well established Forex brokers.

Regards,
SIM
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