Is there any broker have no slipage?
Nov 15, 2013 at 08:43
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11 Replies
forex_trader_136673
会员从Jun 28, 2013开始
852帖子
Nov 15, 2013 at 21:06
I believe there is none.
Slippage occurs during periods of higher volatility (big market news) brokers need to find a counter party to fill the order. Because price moves so fast the broker can't find a counter party at the desired price fast enough, the order gets filled at the next best price.
So all a trader can do is manage risk properly. Not to risk too much in a single trade.
Slippage occurs during periods of higher volatility (big market news) brokers need to find a counter party to fill the order. Because price moves so fast the broker can't find a counter party at the desired price fast enough, the order gets filled at the next best price.
So all a trader can do is manage risk properly. Not to risk too much in a single trade.
会员从Jun 03, 2010开始
696帖子
Nov 17, 2013 at 19:31
Redoy posted:
Is there any broker have no slipage in news time becasue some days ago i am facing huge loss in my open trade so i want to know that have any broker without slipage.If anyone know please share you broker name and link please.
Thanx in advance.
I'm trading news from around 2 years and I can surley tell You that there IS NO BROKER without slippages. All You can do is get better VPS to have faster trades execution.
PAMM MANAGER // Professional Fund Manager
Nov 18, 2013 at 11:15
It is not only about broker. Using VPS reduces the execution time, thereby the slippage. The important thing is how far you're from the broker's server. Try cross-connected VPS with any broker, it will decrease th slippage significantly, but it is going to cost you about 100$ per month.
会员从Jun 03, 2010开始
696帖子
Nov 18, 2013 at 17:51
That is what im talking about.
Ow on btw try to look for broker who has agreements about liquidity with as many banks as only can :)
Ow on btw try to look for broker who has agreements about liquidity with as many banks as only can :)
PAMM MANAGER // Professional Fund Manager
forex_trader_136673
会员从Jun 28, 2013开始
852帖子
Nov 19, 2013 at 22:06
I would like to add something about my experience on price slippage. As a matter of fact, it's not a big issue if you trade manually.
My broker is FXCM (don't want to promote them or anything) and they also offer price slippage for the trader, not only against him. I trade manually with fixed entry order, stop loss and target profit.
When entry order and target profit is hit, there might be positive slippage, and negative slippage can happen only when stop loss is hit. So 2 out of 3 cases there might be positive slippage, which is good.
On the other way, price slippage is a big issue when using EA-s which trade on the market and not with entrys, stops and targets.
My broker is FXCM (don't want to promote them or anything) and they also offer price slippage for the trader, not only against him. I trade manually with fixed entry order, stop loss and target profit.
When entry order and target profit is hit, there might be positive slippage, and negative slippage can happen only when stop loss is hit. So 2 out of 3 cases there might be positive slippage, which is good.
On the other way, price slippage is a big issue when using EA-s which trade on the market and not with entrys, stops and targets.
forex_trader_28881
会员从Feb 07, 2011开始
724帖子
Nov 20, 2013 at 11:25
If your system is so sensitive that a bit of slippage gets it, then it's not robust enough for fx. You don't need a new broker, you need a new system.
forex_trader_136673
会员从Jun 28, 2013开始
852帖子
Nov 25, 2013 at 22:28
Thalantas posted:
Ardit Huruglica, I think you should familiarize yourself with the recent sentence of FXCM, which got accused of only giving negative slippage and never or rarely positive slippage.
Yes, but i assure you I get also positive slippage. As I said with my type of trading price slippage is not an issue. But a big one for EA-s. People who trade with EA-s (most people that I meet here do) should be concerned about price slippage.
In my 5 years of trading, maybe i was lucky but biggest negative price slippage was on last ECB rate cut, on average i lost about 55pips, stop was 52.5pips. So I lost double. I risk max 1.5% of account in one pair and that day I lost about 3%. But I was well aware about ECB rate decision, so on big events such that one I'm out or I'm on a hedge position. On that day I was long USDJPY so I covered about 90% of losses.
Just wanted to share my recent experience. I believe in FXCM. I choce FXCM because is 'No desk dealing broker'. It is not smart to trade against the broker, is not smart to gamble against the casino. It's the same.
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