What is meaning by slippage ?

 

Hellow guys... 

bellow image has details of slippage for IC Markets Live 31. 

it shows that the slippage for GBP/USD is 1.06* 1585

I dont know the exact meanig of it. Can some one explain what is meaning by 1.06 and 1585 in this case ???

 
J H Ganithruee Kalhan:

Hellow guys... 

bellow image has details of slippage for IC Markets Live 31. 

it shows that the slippage for GBP/USD is 1.06* 1585

I dont know the exact meanig of it. Can some one explain what is meaning by 1.06 and 1585 in this case ???

The average slippage of the 1585 trades that have been opened with this signal, using this broker/server was 1.06 points.

 
Eleni Anna Branou #:

The average slippage of the 1585 trades that have been opened with this signal, using this broker/server was 1.06 points.

1.06 means pip value ?
 
J H Ganithruee Kalhan #:
1.06 means pip value ?

Did I say pips?

No, 1.06 points.

1 pip=10 points
 
Eleni Anna Branou #:

Did I say pips?

No, 1.06 points.

1 pip=10 point

Understood.... thank you