Topic: how to limit slippage
Hello
Can I use spread level pro indicator to limit broker's max slippage, in the same way to limit max spread when trading?
Thanks
Sandy
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Forex Software → Premium Club → how to limit slippage
Hello
Can I use spread level pro indicator to limit broker's max slippage, in the same way to limit max spread when trading?
Thanks
Sandy
No, spread indi works with spread. How do you know slippage before it happens? The trade sequence is firstly you give a market order, then the broker gets working on filling it and during that process slippage is introduced. You cannot run away from it. Only possibility is to have a good broker with sufficient liquidity pool and liquidity providers, which minimizes slippage occurrence.
Hi Footon
Understood. No I dont know slippage before it happens. Was just asking whether there are tools that can be used to stop opening a trade when slippage is greater than X point.
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