Sometimes a stop loss can fail due to slippage when the order price differs from the execution price. This can result in positive slippage, but often traders suffer losses due to negative slippage. Likewise, GSL is effective when trading a volatile market and can prevent losses. Pros1. Reduces losses A guaranteed stop loss allows traders to limit their losses when trading in risky financial markets. It is also a great way to reduce losses in the event of financial news that can affect prices and cause volatility. 2. Protection of funds from market deficits When financial markets open with a lower or higher price the previous day or when they open after a weekend, there can be an up or down market gap. 3. Effective against slippage Slippage is when you place an order at a price, but the order executes at a different price due to volatility. When the market moves too fast, slippage is more likely. If you place a buy order at a price and negative slippage occurs, you buy the asset at a higher price than expected. Cons1. Comissions Many forex brokers charge a fee for using a guaranteed stop loss. This helps protect forex brokers from the losses they incur in the event of a gap down or slippage. For some forex brokers, a guaranteed stop loss is a premium feature. Also, sometimes forex traders may pay a premium for a guaranteed stop loss, but it takes a long time to use it. This means that the financial market is operating normally and traders do not need to put in a guaranteed stop loss. Over time, this causes additional costs for forex traders. 2. Early stop If you set a guaranteed stop loss too early and the market fluctuates before resuming a profitable course, you may be stopped out. This means that the broker closes your position and you lose potential profits. So this is a sum up of GSL info, but has anyone tried comparing in real conditions? Let's share experience!