Hi Guys. I set my stop loss at 1.10130 on the GBPCHF. Then 2 hours later the price hit 1.10115 taking me out of trade. That was the highest it went for the next 6 hours. I aske my broker why I was hit and they gave me a canned answer that it was slippage. Does it make sense isnt slippage supposed to happen when the price moves very fast skipping my stop loss. In this instance move very fast over 1.10130 and further. In this case isnt my stop loss not suppo
sed to be hit because the price would have skipped 1.10130. But instead it hits 1.10115 then goes down. So can someone explain to me because i feel robbed of not only that but a potential trade.
Hi @Graphfx,
Sorry for your bad experiences. Slippage is very common, sometime we have to select other broker to avoid the “incident”. I had similar cases to several brokers, including yours.
Slippage happens often during critical moment, such as news, market open/close and second half NY session.
Slippage can be experienced during market gap or widening spread. So sometime during a big event, no movement, pay attention to spread. It can widen and hit our TP / SL. Hit TP doesn’t mean profit. It can hit our TP but loss, especially our profit is tight.
The only way to prevent this is by setting slippage tolerance or deviation. I don’t know how to perform this anymore, I usually use an EA to set the deviation.
If you don’t understand EA, you can only avoid having position during volatile moment. Otherwise, move to other broker. There are many brokers have minimum slippage. I don’t think can mention them here, as I will be suspected to advertising them 
Sorry to have to tell you but the charts we all see do not represent all price movement within a bar. It happens frequently that the quoted bid price moves to a new high or low for a bar for a very short period, perhaps less than a second or for a few seconds only, and for this to be not reported in the chart display. Charts are illustrative only: I’m sure it will say this somewhere in the firm’s T&C’s. The only way to know definitively what price has been is to record the quoted prices.
In addition, I’ve got to suggest the obvious - nobody makes money on M1 time-frame trading.
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You’re showing the GbpChf spread at 3.7 pips… with that spread included, you should be exited out at 1.10130 when the Ask price was at 1.10093.
You placed the order and your broker executed it. Nothing went wrong.
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These are the two valuable (and important!) lessons of the thread. 
