Slippage in pending order in OrderSend() function

To add comments, please log in or register
andrew_256
27
andrew_256  

Good afternoon,
I would like to ask for several guestions. For example I have actual Bid price=1.0050 and I set sell limit order for price=1.0090. In Ordersend() function I adjusted slippage for 3 pips (broker has 4 and 2 points). Prices will
go up from actual price 1.0080 subsequently: 1.0080->1.0085->1.0088 and then step prices will be 1.0100->1.0102.

My first question is next:Will be sell limit order executed, or not? 1.0088>(1.0090 minus slippage) but below sell limit price and the first price above sell limit price 1.0090 is 1.0100. In other word 1.0100>(1.0090+slippage).

Next prices will fall subsequently 1.0102->1.0098->1.0095->1.0088. My second question is next:Will be above-mentioned order executed, or not? actual price 1.0088>(1.0090 minus slippage) but below sell limit too.
When we use orders type OP_BUY or OP_SELL then order is executed when ask=price+-slippage or bid=price+-slippage. Is slippage in both direction (it means +-) in pending prices too? Intuition tells me that no:-) or only in one direction (it means either + or -)? Can someone explain it me please generally and carefully?

I searched answer but unseccussfully.

Thank you very much
Andrew

Yochanan Gerbi
612
Yochanan Gerbi  
andrew_256:

Good afternoon,
I would like to ask for several guestions. For example I have actual Bid price=1.0050 and I set sell limit order for price=1.0090. In Ordersend() function I adjusted slippage for 3 pips (broker has 4 and 2 points). Prices will
go up from actual price 1.0080 subsequently: 1.0080->1.0085->1.0088 and then step prices will be 1.0100->1.0102.

My first question is next:Will be sell limit order executed, or not? 1.0088>(1.0090 minus slippage) but below sell limit price and the first price above sell limit price 1.0090 is 1.0100. In other word 1.0100>(1.0090+slippage).

Next prices will fall subsequently 1.0102->1.0098->1.0095->1.0088. My second question is next:Will be above-mentioned order executed, or not? actual price 1.0088>(1.0090 minus slippage) but below sell limit too.
When we use orders type OP_BUY or OP_SELL then order is executed when ask=price+-slippage or bid=price+-slippage. Is slippage in both direction (it means +-) in pending prices too? Intuition tells me that no:-) or only in one direction (it means either + or -)? Can someone explain it me please generally and carefully?

I searched answer but unseccussfully.

Thank you very much
Andrew


Hello andrew,

As you set SELL LIMIT order at price 1.0090, you will not get into position till the chart arrives to this price.

The slipage is needed as after the chart arrives to 1.0090, then it turns around (+- slipage) then you get into trade.

andrew_256
27
andrew_256  
crossy:


Hello andrew,

As you set SELL LIMIT order at price 1.0090, you will not get into position till the chart arrives to this price.

The slipage is needed as after the chart arrives to 1.0090, then it turns around (+- slipage) then you get into trade.


Thank you for your answer.
Adebayo Owoeye
15
Adebayo Owoeye  
how far can slippage go? as high as 56 pips?? e.g a USDCAD sell stop @ 1.32160 but executed at 1.31599, making a total of 56.1 pips slippage. Is that possible or acceptable?
Alain Verleyen
38685
Alain Verleyen  
Adebayo Owoeye:
how far can slippage go? as high as 56 pips?? e.g a USDCAD sell stop @ 1.32160 but executed at 1.31599, making a total of 56.1 pips slippage. Is that possible or acceptable?
Possible yes. Acceptable, up to you to decide.
Adebayo Owoeye
15
Adebayo Owoeye  
Alain Verleyen:
Possible yes. Acceptable, up to you to decide.
Thanks for the reply.. cos I'm thinking of reporting them... As thats the highest I've seen... Others are not as high..
Alain Verleyen
38685
Alain Verleyen  
Adebayo Owoeye:
Thanks for the reply.. cos I'm thinking of reporting them... As thats the highest I've seen... Others are not as high..
What was the exact time it happened ? Which broker ?
Adebayo Owoeye
15
Adebayo Owoeye  
Alain Verleyen:
What was the exact time it happened ? Which broker ?
happened Last week friday during the canadian News... FXChoice
Alain Verleyen
38685
Alain Verleyen  
Adebayo Owoeye:
happened Last week friday during the canadian News... FXChoice

Yes so it's usual on news time.

Gap of 52.6 pips between 2 ticks on my broker.

Adebayo Owoeye
15
Adebayo Owoeye  
Alain Verleyen:

Yes so it's usual on news time.

Gap of 52.6 pips between 2 ticks on my broker.

This gap didnt occur on other brokers
Alain Verleyen
38685
Alain Verleyen  
Adebayo Owoeye:
This gap didnt occur on other brokers
Of course it occurred on all brokers. It's inside bar, you can't see it without checking the ticks.
12
To add comments, please log in or register