Hello guys! Need some information about slippage in limits orders.

Sergei Melnikov 2023.05.02 11:12

Sup everyone! My Bot working with limits orders, I use slippage, but orders is open without slippage - by best price. How I can fixed it?

Thanks.

Carl Schreiber 2023.05.02 11:21 #1

A pending order becomes a market order if the price is triggered - you can't escape from this.

Sergei Melnikov 2023.05.02 11:22 #2

Carl Schreiber #:
A pending order becomes a market order if the price is triggered - you can't escape from this.

That mean, it doest matter what king slippage is?

Carl Schreiber 2023.05.02 11:23 #3

"king slippage" ?

Sergei Melnikov 2023.05.02 11:25 #4

Carl Schreiber #:
"king slippage"

Sorry, I mean kind.

Carl Schreiber 2023.05.02 11:29 #5

I still don't understand. Are there different slippages? It simply means (imho) you don't get the price of your order.

Sergei Melnikov 2023.05.02 11:30 #6

Carl Schreiber #:
I still don't understand. Are there different slippages? It simply means (imho) you don't get the price of your order.

I mean, on limit orders, it doesn't matter which slippage you set right? Will they be executed in any case at the first available price?

Fernando Carreiro 2023.05.02 11:50 #7

Sergei Melnikov #:I mean, on limit orders, it doesn't matter which slippage you set right? Will they be executed in any case at the first available price?

The maximum deviation/slippage setting is only effective for "instant execution" policy. It has no effect for "market execution" policy.

Fernando Carreiro 2023.05.02 11:51 #8

Sergei Melnikov: Sup everyone! My Bot working with limits orders, I use slippage, but orders is open without slippage - by best price. How I can fixed it?

If you want to simulate slippage in the back-tests, you have to select "Every tick based on real tick data" in the MT5 Strategy Tester.

Sergei Melnikov 2023.05.02 11:52 #9

Fernando Carreiro #:
The maximum deviation/slippage setting is only effective for "instant execution" policy. It has no effect for "market execution" policy.

Thank you for your answer!

Fernando Carreiro 2023.05.02 11:54 #10

Sergei Melnikov #:I mean, on limit orders, it doesn't matter which slippage you set right? Will they be executed in any case at the first available price?

You can also introduce a delay so that it suffers slippage ...

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