Is this normal slippage?

[Gholbizel]

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.

[FurgotoGo]

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

[mlawson71]

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.

[Big River Man]

Whoops!!!.............

[Jeremy10]

Nevermind... I was reading the 'points' in MT4 as 'pips'. So 1 PIP = 10 points...

[Jeremy10]

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.

[mlawson71]

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.

[Jeremy10]

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

[Big River Man]

What pair and at what time of day?
Have you tried a limit order too?

[Jeremy10]

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.