Topic: how to limit slippage


Can I use spread level pro indicator to limit broker's max slippage, in the same way to limit max spread when trading?


Re: how to limit slippage

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.

Re: how to limit slippage

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.