GSL and buy/sell limit

[Michal Klis]

Hello, i have question :-)

so the question is if we change buy stop to buy stop limit, will we avoid slippage and we dont have to pay

for GSL (guaranteed stop loss-  which is very expensive to this strategy ) ?

I read in google that Limit stop works almost the same as Stop loss guaranteed ( that we need to pay broker big money )

and we can avoid slippage

If we change in EA Buy stop; sell stop to Limit stop buy and sell will be awoid situation that we have like

( slippage)     

trade 1 - -10$

trade 2 -  -10$ for example

when it should be :

trade 1  -10

trade 2  +10

so the question is if we change buy stop to buy stop limit, will we avoid slippage and we dont have to pay

for GSL (guaranteed stop loss-  which is very expensive to this strategy ) ?

[Michael Charles Schefe]

there is some misleading information in google, some is correct, but much is NOT.

whether buy stop or buy limit is guaranteed -- or NOT depends on the broker. some it is, while most it is NOT.

for almost guaranteed price, you should choose buy stop-limit -- only available on mt5 but is NOT available on MT4

but again -- this depends on your broker. only way to be sure is to ask them directly.

and slippage can still hapen when closing the trade, even IF the buy in price is guaranteed.

[Michal Klis]

Michael Charles Schefe #:

there is some misleading information in google, some is correct, but much is NOT.

whether buy stop or buy limit is guaranteed -- or NOT depends on the broker. some it is, while most it is NOT.

for almost guaranteed price, you should choose buy stop-limit -- only available on mt5 but is NOT available on MT4

but again -- this depends on your broker. only way to be sure is to ask them directly.

and slippage can still hapen when closing the trade, even IF the buy in price is guaranteed.

thanks