huge slippage @ IDEALPRO

Discussion in 'Forex Trading' started by KS96, Mar 20, 2007.

  1. KS96

    KS96

    I got a huge slippage today at USD.CAD
    Sell-stop @ 1.1751... filled @ 1.1723 ! 28 pips!!!
    Just after 12:00 CET...

    Anyone else experienced the same?
     
  2. zzzap

    zzzap

    The spread gets very wide during major news. There was Canadian CPI coming out at that time.
     
  3. AC3

    AC3

    OUCH!
     
  4. one should expect that a possiblity at times especially around news events.

    the amount of slippage will vary depending on the amount of liquidity the market maker has access to for its clients. generally speaking, the bigger the market maker the more liquidity they have access to based on bank relationships and the smaller the slippage could be.
     
  5. If that was during the news release today, look at a tick chart you will see a monster gap, this was a gap, not slippage.


    The Ever Vigilent VIPER
     
  6. heck ... be happy you had a stop in place ... look at the loonie
    now ... testing 1.16-1.1625 zone vs the USD
     
  7. Steve_IB

    Steve_IB Interactive Brokers

    From the other thread:http://www.elitetrader.com/vb/showthread.php?s=&postid=1404728#post1404728



    IBj
    Interactive Brokers

    Registered: Aug 2003
    Posts: 203


    03-21-07 05:32 AM



    --------------------------------------------------------------------------------
    Quote from KS96:

    I got a huge slippage today at USD.CAD in IDEALPRO.
    Sell-stop @ 1.1751... filled @ 1.1723 !

    Tight spreads... right...
    --------------------------------------------------------------------------------



    This has nothing to do with tightness of the markets. The stop was triggered during a freefall from 1.1767 to 1.1721 resulting from economic news. The movement happened in a split second. the trigger-to-execution difference reflects the speed of the pro market.
     
  8. KS96, if you're trading the news on IB IDEALPro, you MUST use stop limit orders. (And accept the risk of not getting filled on the initial spike.) Using anything else is an exceptionally bad idea, as you've experienced first-hand.