Stop loss 195 pips slippage

Trading Discussion
1

Hello,
I had set stop loss 195pips before it activeted on/eur usd, is 195pips acceptable slippage if market had fast move?
If i have had take profits then i have never seen a big “slippage”.
If so does it even make sense to use close stop losses?
Could it be sign of dealing desk or is 200pips normal while higher volitility is present?

123572016	2014.08.01 07:14:05	sell	0.02	eurusdm	1.33857	1.34091	0.00000	2014.08.01 12:30:09	1.34276	0.00	0.00	0.00	-8.38
123602828	2014.08.01 10:04:37	sell	0.01	eurusdm	1.33947	1.34081	0.00000	2014.08.01 12:30:09	1.34276	0.00	0.00	0.00	-3.29
2

i think you mean 19.5/20.0 pips slippage

my brokers charts show 33.3 pips gap at the time the nfp was announced.

obviously no buy orders were triggered in the certain gap; the first orders triggered were the sell limit orders @ today’s R3 (fib calculated)

hope this helps

3

SL1.34091
Fill1.34276
0.00195 difference is 19pip then, i have understood pip system wrong.

4

Some brokers advertise a “feature” that they have 20 pip slippage on SL’s maximum, which you can see if too high and fairly infrequent (around NFPs and FOMCs)

5

i understand guaranteed SL for some charge, this would make some sense; otherwise slippage is not predictable even for the brokers themselves unless they are committed to charity

6

I’ve said before I’ll say it again until blue in the face. If you are an aspiring trader never, never, did i I say never? I meant absolutely do not hold a trade into a news release! Especially nonfarm payrolls!!! You are just asking to blow out your account.

I am very proficient at news trading and I trade almost every major news release. So I can tell you without a doubt if you are just learning how to trade the should not be in the markets during the news. If you have a trade open coming into news you should only have two options a slight profit or a slight loss. Either way close the position I do not care if you targets have been hit or not. Sure every once in a while you could gain but you’re more likely to lose far more than you will ever gain. q139,You made a rookie mistake, don’t make it again.

7

Thanks for mentoring about news relases, so far i have mostly traded by not knowing news or not paying atention to relase dates and times.
I see importance and fast effect news can have thanks to bigger loss than planned , this time 3% , next time mayor news are relased gap may be twice as big.

8

Hi everyone. After latest FOMC announcement and high volatility on market I’d like to discuss annoying issue -
slippages. How do everyone trying to reduce it influence on one’s trading?

I have seen a lot of statistics from different brokers in percentages, but haven’t seen any statistics in points (USD).

Does anyone calculate such statistics for own trading?

9

Slippage becomes a bigger issue with tighter stop losses. I found the best way to remedy this is to trade longer time frames with wider stop losses.

If you have a position already open and it’s near your stop loss and big news is about to be released, you may also want to close it beforehand. There’s a very high probability of being stopped out with some slippage.

10

but stop might be triggered and the price will go to your turn.
anyway, the main question, whether you have ever calculated how much slippages cost to you??