Am I worrying to much about slippage at the 1h?

I've been testing the daily and 4h EurUsd and it can take several days to over a week for a really good setup to appear. So far I'm profitable but I want to get more trades in. Just 1 or 2 good setups a week would be great. So I've been thinking about trading the 1h chart. But 1h movements seem to just be several pips at a time. With it being that precise do you get a lot of slippage?

If I enter a trade at 1.550 and the profit target is 10 pips away at 1.560, which often seems to be the case at 1h, that gives me 8-9 pips to potentially profit from since 1-2 go to spread. With things that tight it seems just a few pips of slippage could be disastrous. Is that a legit concern or am I over-thinking?

Why would you only go after 10 pips on an hourly chart? Is this what you are targeting on the 4 and Daily? That just seems awful low to me and I honestly wouldnt waste my time on 10 pips for an hourly setup.

Why not set it up so that as soon as it hits your 10 pip goal the stop is moved to breakeven, then just let it run for maybe more?

I don't want only 10 pips, heh. I would like much more of course. However, through backtesting on Forex Tester it seems that most moves in the 1h timeframe are only from 5 to 15pips.

At 4 hour it seems to average 15-30. And on daily 30-100.

What currency pair are you looking at? The ATR for the hourly euro chart is 44 pips. 50 on cable, 37 aussie... I guess it would also depend on what time you are looking as well.

And what is forex tester? Is that a variation of mt4?

Hmmm, maybe I just need to stop being a bitch and just test it out, heh. Probably haven't looked at enough length of time for 1h to get an accurate idea.

ForexTester is a program used for backtesting. It works/looks similar to Metatrader but is strictly for testing.

Hmm... 5 to 15 pips is average moves on M5...
On 1 hour would be around 25-50.

Generally, a sensible starting point for both your default SL and default TP would be of the same order of magnitude as the average volatility on whatever time frame you are trading, e.g., as measured by ATR.

On the 1h TF for EUR/USD, as has been mentioned by traderjai_inhi and doblece above, we're talking mid-double-digit pips, or a multiple of the figures you are talking about.

To answer your OP question, for most strategies, the longer the time frame, the less critical slippage becomes. On the 1h TF, slippage is probably not going to be a major factor at all... unless, say, you're trading nothing but breakouts with market orders.