Let me ask my question with an example,
Let's say the current price of EURUSD is 1.09000 and I want to buy a long position when the price hits at 1.09100.
In point of view of slippage, which of the following two options would be more advantageous on the average?
1. Entering a pending buy order at 1.09100
2. Sending a market order when the price hits at 1.09100.
Thnks a lot in advance
I was thinking to code my simple manually tradable system in order to use market orders,
As, according to my observations, if we ignore the network delays, market orders are more instant.
So no need to use an EA.
I don't know, in some cases, even if the market is not so volatile, why I'm getting from 1 to 3 pips slippage with my pending orders, especially
for stop orders.
I don't know, in some cases, even if the market is not so volatile, why I'm getting from 1 to 3 pips slippage with my pending orders,
especially for stop
someone has to take the other side of your trade.
thats why theres slippage; sometimes there is no volume at the exact price you want, and why high volatility usually goes hand-in-hand with low
volume. Sometimes small orders get overlooked when large orders come in on the other side: its simpler to fill a 50 lot order with a 40 and a 10,
and your 0.02 gets ignored because one of those other guys doesnt want a partial fill of 39.98.....