Just a quick one as I have a question pondering on my trading mind!
During Market Moving News, and im talking of sudden 70+pip bursts on GU and EU, have your stops been slipped against you. Im curious to see what the typical level of slippage can be up to during these events, and although no correct answer can be given, I’d like to know the worse case you have expierenced. Please dont post amounts that you have been told off, or what you frineds have told you. I want to know true trades, of your own, that have been slipped.
Ill also add that im talking of margined forex accounts, and not spread betting accounts.
Also does anyone know if the level of slippage is ‘usually’ reduced or increased when trading via a true ECN account.
I have slippage in my MM for sure on market moving news or they open the spread up and that messes with me. Even in futures though you get slippage or dont get filled. So I wouldn’t be concerned its all part of the game
I agree, and I’m not suggesting that trading through news is always such a bright idea. However, on the flip side of the coin, even longer term trades can run into trouble when price decides to spike 100+pips in the undesired direction. You can’t go closing you weekly swing trades each first Friday due to the NFP LOL!!!
On this occasion I would actually disagree that “slippage is all part of the game” as you suggested. Tight executions and optimal entries, without quote on quote the phrase from ICT, is actually very important. Sure you may get a fraction of a pip in usual slippage, but if I was experiencing anything more than 1 pip constant slippage I would seriously be looking for a new broker.
For example, a three pip slippage when applied to my current trading risk appetite is equal to near enough 0.5% of my bank roll. So, slippage is very much at the forefront of my mind, and keeping it as tight as a ducks arse is of great importance