How do you tell whether the orders are open or closed with "Slippage" or "Re-quote"?
Is there a way to distinguish "Slippage" and "Re-quote" simply and precisely?
Is there a way to distinguish "Slippage" and "Re-quote" simply and precisely?
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DislikedHow do you tell whether the orders are open or closed with "Slippage" or "Re-quote"? Is there a way to distinguish "Slippage" and "Re-quote" simply and precisely?Ignored
Disliked{quote} A re quote is an instant order AT market, you just getting whatever the price is AT market which can change before you actually get filled. SO you press buy or sell and before you get filled the market moves then broker will either just fil you at that price or pop-up with a re quote and confirm. Slippage can work with pending orders but is essentially get your order filled at a worse price than you bid or offered. You bid a buy stop at 1.10005 yet when you actually got the fill it was 1.10010 so 5 pipettes slipped which wouldn't be bad,...Ignored
Disliked{quote} Hi Rtm, thanks for comment. However, that's not the point of the topic. You know everyone knows true ECN brokers dont re-quote in principal. However, do you have a method to detect? So this thread is discussing how you can detect what you get is a re-quote or slippage.Ignored
Disliked{quote} but sometimes you can get partial fills even on small sizes. I remember getting partial fill for something like 25,000usd. Seems we're no different than those big funds ! Liquidity issues they say, no guarantees in trading As for slippage and re-quote: Slippage could occur when price moved during execution, so your order is placed on the ladder in a range of prices, say between 1.12010 and 1.12025, since if your order is larger, it takes more luqidity to be filled and more time for the broker to offset it. In slippage you get an average...Ignored
Disliked{quote} Yes this is true! It all comes down to the broker I guess too and what model they use for your orders.Ignored
Disliked{quote} yes, not the most meaningful discussion for retail traders. better talk about which brokers give the least slippage and/or requotes and are a little more reliable for our pockets. I see that you have made good choice for your public accounts.Ignored
Disliked{quote} Indeed! I personally would say Tickmill has given me the best all around trading environment in terms of spread, execution, withdraw etc. and YES on that note I just like to let me actions do the talking(TE).Ignored
Disliked{quote} Why do you use TickMill, which is regulated by Seychelles? Did you feel the risk?Ignored