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Is this normal slippage?

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  • Gholbizel
    replied
    In fact, any such technical issues are always not very good, because it tells you that the terminal slows down and doesn't let you work with full dynamics, so of course it's worth checking what's wrong with the terminal or the problem may be your internet or browser if you don't update it at least periodically.

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  • FurgotoGo
    replied
    actually I can't answer your question. I only took knowledge from this discussion. thank you

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  • mlawson71
    replied
    Originally posted by Jeremy10 View Post
    Nevermind... I was reading the 'points' in MT4 as 'pips'. So 1 PIP = 10 points...
    Ohhh, that makes a lot more sense. Well, I am glad it's all cleared up now.

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  • Big River Man
    replied
    Whoops!!!.............

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  • Jeremy10
    replied
    Nevermind... I was reading the 'points' in MT4 as 'pips'. So 1 PIP = 10 points...
    Last edited by Jeremy10; 12-21-2017, 07:03 PM.

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  • Jeremy10
    replied
    Originally posted by mlawson71 View Post
    Are you sure your spread is really just 4 pips? Because what you are describing is a lot of slippage. I don't think it's normal.
    Yes that's usually around the average, the highest could be 7 pips on a pair like GBPNZD. Right now the spread on GBPUSD is 2 pips yet as soon as I open a trade im at -20. Maybe it's something to do with the demo account.

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  • mlawson71
    replied
    Are you sure your spread is really just 4 pips? Because what you are describing is a lot of slippage. I don't think it's normal.

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  • Jeremy10
    replied
    Originally posted by Big River Man View Post
    What pair and at what time of day?
    Have you tried a limit order too?
    I ran some tests with two different brokers and recorded my starting position with the pairs. Oanda shows better results but still don't understand why it would be so high, guess that's just the name of the game?

    Broker: LMFX

    12/20 10PM EST / 3AM GMT / LOW VOLATILIY
    NZDCHF -51 pips
    NDZCAD -64 pips
    AUDCAD -34 pips
    USDCAD -20 pips
    EURUSD -12 pips
    GBPUSD -20 pips


    12/21 at 8:30AM EST / 1:30PM GMT / LONDON-NEW YORK SESSION
    NZDCHF -48 pips
    NDZCAD -63 pips
    AUDCAD -33 pips
    USDCAD -18 pips
    EURUSD -13 pips
    GBPUSD -23 pips
    AUDUSD -19 pips buy limit

    Broker: Oanda

    12/20 10:30PM EST / 3:30AM GMT / LOW VOLATILIY
    USDCAD -20
    AUDJPY -18
    CHFJPY -32
    GBPUSD -19
    NZDJPY -24
    EURUSD -14

    12/21 8:30AM EST / 1:30PM GMT / LONDON-NEW YORK SESSION
    USDCAD -15 pips
    AUDJPY -15 pips
    CHFJPY -21 pips
    GBPUSD -20 pips
    NZDJPY -28 pips
    EURUSD -12 pips
    Last edited by Jeremy10; 12-21-2017, 02:35 PM.

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  • Big River Man
    replied
    What pair and at what time of day?
    Have you tried a limit order too?

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  • Jeremy10
    started a topic Is this normal slippage?

    Is this normal slippage?

    I'm new to Forex Trading and I'm trying to figure if this is a normal thing to be seeing... On a trade as soon as I open, buy or sell I am usually down an average of 15 pips, immediately, sometimes as high as 25 pips. I've confirmed the spread is usually no higher than 4 pips, and I've tested on most pairs with same results. Only trading 0.01 lots for testing purposes... This seems a bit extreme to be that far negative as soon as a trade is opened, is it possible this is slippage of some sort? Broker is LMFX with the premium account type.
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