Dislikedhi,
can anyone explain me what is slippage and what is breakeven. waitingg for your answer.
best regardsIgnored
Slippage is the difference between the expected price of a trade, and the price the trade actually executes at. Slippage often occurs during periods of higher volatility, when market orders are used, and also when large orders are executed when there may not be enough interest at the desired price level to maintain the expected price of trad
Break even:
It may mean two things:
"Setting the stop loss to break even" is a money management practice used to put yourself safe from price going against you. By setting the stop loss at break even (once you are making pips) you are basically trading "for free" since the worst that may happen is to have the trade halted.
You have to consider how setting the stop loss at break even is not enough to really have a totally free and safe trade: you will still pay the spread. A true free trade is setup by putting the stop loss past the entry point plus spread.
Another kind of break even is used to gauge trading strategies viability.
You can use math to calculate the ratio between wins and losses that lets you break even (get a net gain and loss of zero). Past that ratio, your strategy is a winner.