What slippage to use for news trading EA? | Forex Factory

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What slippage to use for news trading EA?

  • #1
  • First Post: Jul 7, 2010 1:14am Jul 7, 2010 1:14am
For those who trade the news with an ea, what slippage settings do you use?
  • #2
  • Jul 7, 2010 10:03pm Jul 7, 2010 10:03pm
A quick question, if I set the slippage to zero, does that mean that my EA will open orders no matter what the slippage is?
  • #3
  • Jul 7, 2010 10:08pm Jul 7, 2010 10:08pm
Slippage of 0 means if there is no trade available at that price, then there is no trade.

I would suggest slippage less than normal spread for a news-based EA. I also suggest you limit the EA to one trade attempt.
  • #4
  • Jul 7, 2010 11:14pm Jul 7, 2010 11:14pm
But I am supposed to set a higher slippage in order to trade the news since I should allow for higher slippage during news time right?
  • #5
  • Jul 7, 2010 11:36pm Jul 7, 2010 11:36pm
When trading news, slippage is what kills you. Price can jump 100 pips in one tick. Do you really want to get in a trade 100 pips late?
  • #6
  • Jul 7, 2010 11:41pm Jul 7, 2010 11:41pm
Perhaps, if it is the start of a new trend.

From what I have seen, price during news can move up to 50 pips in 5 mins.

I haven't seen a 100 pip jump in a single tick yet.
  • #7
  • Jul 8, 2010 12:04pm Jul 8, 2010 12:04pm
Quoting mindreality
Perhaps, if it is the start of a new trend.

From what I have seen, price during news can move up to 50 pips in 5 mins.

I haven't seen a 100 pip jump in a single tick yet.
HA!! - Keep trading and you WILL see it. Depending on the pair such 'rare' events an actually happen quite a bit.
  • #8
  • Jul 23, 2013 4:07am Jul 23, 2013 4:07am
Quoting Ronald Raygun
When trading news, slippage is what kills you. Price can jump 100 pips in one tick. Do you really want to get in a trade 100 pips late?
100 pips in 1 tick huh? what an imagination
  • #9
  • Jul 23, 2013 4:22am Jul 23, 2013 4:22am
Quoting justin7
{quote} 100 pips in 1 tick huh? what an imagination
what Ronald said is very much true, last NFP result I actually made an error with the slippage and was wiped out on the short.trading news is very profitable but one has to be sooooo careful. be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10
  • Jul 23, 2013 4:29am Jul 23, 2013 4:29am
if the news release appeals to you you will probably like us oil, oil rockets some times. It hasn't done too much lately but when it goes like RR says it can shoot 200 300 pips in a matter of seconds
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #11
  • Jul 23, 2013 6:54am Jul 23, 2013 6:54am
the entire nfp move wasn't even 100 pips. just saying 100 pips in forex in just 1 tick is a stretch to say
  • #12
  • Jul 23, 2013 8:38am Jul 23, 2013 8:38am
Quoting justin7
the entire nfp move wasn't even 100 pips. just saying 100 pips in forex in just 1 tick is a stretch to say
ok perhaps not 1 tick but maybe 1 or 2 seconds, slippage can make a trade extra long if traded badly ( or mistake made)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13
  • Last Post: Jan 8, 2017 8:54am Jan 8, 2017 8:54am
If I use a sinple EA based on the EMA crosses, should I set the slippage around 5 or more?
 
Also, how can define my exits according to another and more reliable thing other than a fixed TP?
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