does any one know what is acceptable slippage with brokers? and why is can be so bad sometimes.been testing live ea account with 0.01 lots with tickmill broker. good reputation ;nice spreads as seen on brokers quote spreads on this site.all have 20 pip hard stop loss. market orders.these are a list of actual end results stop loss. gbp/nz 75.7 pips gbp /aud 69.8 pips. nz/chf 51.2 pips. aus/usd 40.5 pips. gby 32.4 pips usd/jpy 25.2 pips.nz/cad 27.9 pips.al on different days and times.250 trades.most are close to 20 pips stop loss.i am sure broker would say that is just what the market offered at time.i should not have to second quess broker anyway.the worst stop loss with less pips was eur/gbp 16.4 pips.
Slippage occurs during news events and opening gaps that is @00.00 am your time during the week and @00.00 am your time on Mondays ,,,hence slippage varies among various brokers.No acceptable slippage has been set by regulatory bodies,,,just anticipate slippage at the mentioned times above and apply money management rules.
Slippages don't always happen through the fault of the broker. They can still be related to: - Absence of sufficient liquidity - not so much asset at a given price, the order is too large in volume. - Important political and economic news have come out. A large number of orders arrive at the market at the same time, and the goods are quickly sold out. - Internet isn't working well - connection to servers and trading platforms is slow, also due to the use of Wi-Fi and third-party programs such as Skype and stuff like that. In all these cases, slippage can happen.
Yeah, slippages happen and it's almost impossible to avoid. But I myself have a few tips I stick to to avoid slippages. 1. Don't trade on the news without proper experience. 2. When opening/closing a deal, always pay attention to the spread, the current volatility of the instrument and the opening/closing price. 3. Don't trade large volumes, especially in the news market, until you learn how to quickly manage the opening/closing/opening of pending and stop orders. Perhaps for some it is a familiar rules, for others it isn't. But they always help me personally))
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.