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Thread: Slippage

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    In Profit aminhakim's Avatar
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    Default Slippage

    Since you said in many posts, NO SLIPPAGE ON NEWS. I have a friend who got slipped twice till now and he has opened his account couple of days ago. The funny thing is that the orders opens normaly but he always get stopped with slippage. See the attached screenshots. These 2 orders were set to 10 pip SL.
    Attached Thumbnails Attached Thumbnails Order1.JPG   Order2.JPG  
    Last edited by aminhakim; 05-04-2007 at 09:33 PM.

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    Quote Originally Posted by aminhakim View Post
    Since you said in many posts, NO SLIPPAGE ON NEWS. I have a friend who got slipped twice till now and he has opened his account couple of days ago. The funny thing is that the orders opens normaly but he always get stopped with slippage. See the attached screenshots. These 2 orders were set to 10 pip SL.
    We don't have slippage.
    What happened was a GAP on the news and order closed with the 1st price after the news:
    5.28. When order level is in the price gap under abnormal market conditions or on the market opening, order may be executed at the first obtainable after the gap quote. Buy Stop, Sell Stop or Stop Loss orders may be executed at the level less profitable for the Customer; Buy Limit, Sell Limit, Take Profit may be executed at the level more profitable for the Customer.

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    In Profit aminhakim's Avatar
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    Quote Originally Posted by FX Egypt Manager View Post
    We don't have slippage.
    What happened was a GAP on the news and order closed with the 1st price after the news:
    5.28. When order level is in the price gap under abnormal market conditions or on the market opening, order may be executed at the first obtainable after the gap quote. Buy Stop, Sell Stop or Stop Loss orders may be executed at the level less profitable for the Customer; Buy Limit, Sell Limit, Take Profit may be executed at the level more profitable for the Customer.
    Dear manager. When the following sentence is used, "1st price after the news", then at other brokers, this is called slippage. What other things you mean by slippage? Slippage is when stop orders are not guaranteed at the requested price.

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    Denis Peganov, FXOpen Development Director cool user FXOpen Manager's Avatar
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    Default

    Quote Originally Posted by aminhakim View Post
    Dear manager. When the following sentence is used, "1st price after the news", then at other brokers, this is called slippage. What other things you mean by slippage? Slippage is when stop orders are not guaranteed at the requested price.
    This is the 1st time happened since the begining of our activity.

    We always on our clients side and will follow terms of business.

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    Default

    Oh my god, slippage isn`t really something that brokers can control! You __have__ to know that servers LAG! That`s how slippage takes part...

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    In Profit aminhakim's Avatar
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    Quote Originally Posted by borovic View Post
    Oh my god, slippage isn`t really something that brokers can control! You __have__ to know that servers LAG! That`s how slippage takes part...
    Man you just said you learned forex within 2 months. Looks like you never had your bad experience with brokers yet. Go try an account with the best broker in USA and the biggest F**M. Just google the word "forex" you'll get them in top results. Then when you're profitable for a while with them, we'll talk about slippage.

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    Director of FXOpen Aus FXOjafar's Avatar
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    Default

    Quote Originally Posted by aminhakim View Post
    Man you just said you learned forex within 2 months. Looks like you never had your bad experience with brokers yet. Go try an account with the best broker in USA and the biggest F**M. Just google the word "forex" you'll get them in top results. Then when you're profitable for a while with them, we'll talk about slippage.
    I have a bad experience with n****ex. They slipped me by 45 pips once. Needless to say they lost that client to another broker. toothy9
    Jafar Calley - Director
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    Quote Originally Posted by RebateFX.com View Post
    I have a bad experience with n****ex. They slipped me by 45 pips once. Needless to say they lost that client to another broker. toothy9
    Absolutely. I do beleive that news trading has an end but those companies just need to post on their websites "No news traders, No scalping". That would made it easy to both parties.

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    Default

    I understand scalping but what is SLIPPAGE? Could someone please give me a simple explanation? and why would a broker want to slip someone down by 45 pips?

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    Default

    Quote Originally Posted by moneydeep View Post
    I understand scalping but what is SLIPPAGE? Could someone please give me a simple explanation? and why would a broker want to slip someone down by 45 pips?
    Slippage can either be the broker having a bad price feed that misses ticks meaning any fast market moves have gaps in them that mean stop losses and targets cannot be properly honoured.

    That 45 pip case was an NFP release move and I would say that it was blatant price manipulation by the broker, rather than a case of slippage. I was trading on 3 different brokers at the time and while 2 of them has prices that differed by 1 or 2 pips (understandable), the bad one was 45 pips lower than the other two and remained there for a long time so it wasn't just a glitch thats for sure.

    Now, why would they want to do that? Simple. They are what's called a "Bucketshop". Very little money actually goes into the real market and is just traded in house. Since 95% or so new traders fail, they just pocket the money that the trader lost. By manipulating the price or the spread, these bucketshops can hunt the stops of these traders, make them lose and the bucketshop broker takes their money.

    Since the interbank feed isn't always clean itself, even FX Egypt may slip a few pips from time to time despite their best efforts, but it is thankfully a rare occurrence.
    Jafar Calley - Director
    FXOpen AU Pty Ltd
    Level 26 • 1 Bligh Street
    Sydney NSW 2000
    Australia
    AFSL:412871 ABN:61 143 678 719
    http://www.fxopenaus.com

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