GBP Futures - Slippage Question 10/6/2016

Discussion in 'Order Execution' started by Palindrome, Aug 18, 2018.

  1. Palindrome

    Palindrome

    I'm not looking for an exact answer, but curious of any opinion...If Anyone Cares...

    10/6/2016 Pound futures dropped heavy quickly.

    If I bought 100 Contracts at 1.2600, and had an automatic stop at 1.2570, what type of execution would I have been given? (any feedback is welcomed)

    1 hour Chart:
    upload_2018-8-18_17-35-52.png

    Tick Chart:
    That huge move took place within about 1 minute
    upload_2018-8-18_17-37-30.png

     
  2. abnormal

    abnormal

    you have to look at the data tick by tick and time&sale for the quantity.

    it is better not to trade big transactions on currency futures. there is a shortage of market makers albitrage in futures currency.

    better to otc trade on(ecn) fxall, hotspot, fastmach, ebs
     
  3. maxinger

    maxinger

    I couldn't find any major outlier on 10/6/2016 and 6/10/2016.

    I thought 24 Jun 16 was an extremely violent day.

    I have seen slippage as much as 10 pips on extremely violent day.

    you must be very big timer.

    let's say average target profit for day trading is about $400 per lot.
    100 lots --> $40 000 !