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General Forex Discussion
What slippage is normal? Stats on my 4621 trades
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[QUOTE="Jason Rogers, post: 96876, member: 12232"] That's very cool indeed, Mark! Thanks for sharing this info. On a personal note, I'm glad to see your own trading results confirm the quality of FXCM's execution. I'm curious though: you mention slippage without making a distinction between positive slippage and negative slippage. Do you have any data incorporating that? With FXCM it's possible to receive positive slippage where your orders are filled at a better price than you requested. A twelve-month study of orders executed through FXCM showed that: [LIST] [*]76.2% of all orders had NO SLIPPAGE. [*]13.5% of all orders received positive slippage. [*]10.2% of all orders received negative slippage. [*]Over 58% of all limit and limit entry orders received positive slippage. [*]52% of all stop and stop entry orders received negative slippage. [/LIST] Positive slippage is more common with limit orders, while negative slippage is more common with stop orders. That is due to the momentum of price movement when such order types are triggered. FXCM provides traders with tools to help you minimize negative slippage and still receive the full benefits of any positive slippage that's available in the market. [LIST=1] [*][B]Market Range[/B] (AKA [B]Maximum Deviation[/B]* on our MT4 platform) lets you specify how much negative slippage you are willing to accept on a market order. If you set a Market Range of 2, then 2 pips is the most negative slippage you could get on the order. Otherwise it will be canceled to protect you from unwanted negative slippage. However, you could still receive 3 pips or even more positive slippage on the order, if a better price is available in the market. [*][B]Range Entry[/B] works like Market Range but for pending orders (stops and limits) and is only available on our Trading Station platform (not MT4). [/LIST] [I][SIZE=1]* Many MT4 brokers do not support the Maximum Deviation feature at all. Some brokers that do offer Max Dev use it to limit both your positive slippage and your negative slippage equally. By contrast, FXCM enhanced the Max Dev functionality of our MT4 platform to limit only negative slippage. That means, you can still receive the full benefits of any positive slippage that's available in the market when you use the Max Dev feature to minimize your negative slippage with FXCM.[/SIZE][/I] [/QUOTE]
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