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General Forex Discussion
What slippage is normal? Stats on my 4621 trades
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[QUOTE="hayseed, post: 97751, member: 5898"] //---- my experience here is limited to 4 brokers..... ibfx, etradefx, fxcm, and oanda..... all 4 were radically different in their business style..... ibfx and etradefx have wisely decided to exit the retail forex business and i sadly miss them both very much...... this leaves fxcm and oanda..... this is what i see..... i've commented on fxcm's slippage many times in the past on other forums...... when using[B] limit[/B] orders over 50% should receive[B] positive[/B] slippage... my actual figure is much higher than that..... the bottom line impact of that positive slippage is small compared to the overall profit/loss of the order itself.... but regardless the positive slippage exists.... so using limit orders with fxcm will help in my experience.... and this is from 10,000's of orders from 4 different fxcm live accounts..... my accounts there are the ndd type so i was trading against banks which don't know i exist..... with oanda, your pretty much trading against oanda's dealing desk ..... they for sure know you exist..... so it might appear your in harms way no matter what type orders you use.... still, i have not seen any noticeable slippage either way..... they seem very honest to me.... and for your second question...... i really don't try to 'reduce' my slippage..... even though when looking at the combined total from both it and spread might be seemingly high over the course of a year...... i try to reduce the impact of it on the [B][I]overall[/I][/B] profit/loss on the orders...... this is done by using fewer well thought out limit orders with large profit targets..... of course that is a luxury many trading styles might not be able to use.....h [/QUOTE]
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