Getting a lot of slippage today and just wanted to see what other people thought was acceptable slippage on 1 lot mkt orders. I usually average in and out of trades using 1 lot. And today I'm getting about .3 of a pip - fractional pip - on both buys and sells. What's normal?
During liquid, non-news sessions, there should be very little slippage, unless market is particularly volatile. You're probably trading through a retail shop, right? For instance, on Interbank platforms - there's usually 200 - 500 Million per side, during major session on EURO. 1 lot won't even touch it. Also try ping time (to broker), internet connection and RAM+CPU (system speed). Also, if you're scalping those fast drops, yes, expect some slippage. Forex often stair-steps and water-falls. consolidate consolidate DROP consolidate consolidate DROP....etc
yeah, retail. i just changed my settings to send limit orders to the current bid/offer. just put in a few test trades and hopefully this should fix the issue.
Good idea. Forgot of that. Oanda has market order "bound limits" A trader can set it so if the market slips x.x pips from execution, order will get rejected. Sounds like u got it.