Positive slippage anyone? | Forex Factory

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Positive slippage anyone?

  • #1
  • First Post: Dec 17, 2013 9:15am Dec 17, 2013 9:15am
We all probably heard from our Brokers that they work only with an ECN or STP model but when it comes to the real execution of the orders we notice that we receive negative slippage on most of our trades. It is always the same excuse. It’s the market’s fault.


Do we have any trader that experienced any positive slippage? If yes, can we know the Broker because this is a very good sign to see that this specific broker works as an ECN/STP? I really want to receive your feedback on this. It will be better if you can also provide us with screenshots of your account’s trading history.
  • #2
  • Dec 17, 2013 3:10pm Dec 17, 2013 3:10pm
Axitrader passes positive slippage
  • #3
  • Dec 17, 2013 9:31pm Dec 17, 2013 9:31pm
I've had positive slippage with Pepperstone
The best indicator is price.
  • #4
  • Dec 18, 2013 2:28am Dec 18, 2013 2:28am
I got positive slippage at XGlobal Markets 2 days ago ... i have to say that is pretty normal to receive positive as well as negative slippage with them. I have attached a screengrab
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 11 KB
  • #5
  • Dec 18, 2013 7:04pm Dec 18, 2013 7:04pm
Quoting tradethefx
We all probably heard from our Brokers that they work only with an ECN or STP model but when it comes to the real execution of the orders we notice that we receive negative slippage on most of our trades. It is always the same excuse. It’s the market’s fault. Do we have any trader that experienced any positive slippage? If yes, can we know the Broker because this is a very good sign to see that this specific broker works as an ECN/STP? I really want to receive your feedback on this. It will be better if you can also provide us with screenshots of...
Hi Tradethefx,

While I can't speak for other brokers, at FXCM positive slippage (AKA price improvement) occurs just as frequently as negative slippage as you can see from stats below:

http://img232.imageshack.us/img232/2...ppagestats.jpg


It's worth noting that positive slippage is more likely to occur with limit orders, while negative slippage is more likely to occur with stop orders, because of the momentum in the market by which I mean the direction in which prices are moving when these order types are triggered. Limit orders are triggered as prices are moving in favor of your trade, while stop orders are triggered when prices are moving against your trade.

http://forums.babypips.com/attachmen...4&d=1375317586


The FXCM Trading Station also has a built-in feature called Market Range that allows you to decide how much negative slippage you are willing to tolerate on a market order. You can even set the Market Range to zero if you want no negative slippage at all. Below is an example of how it works:

http://forums.babypips.com/attachmen...3&d=1375316825



A Market Range of "X" pips assures that all or part of your order will be filled within a "X" pip range of the current market price ("X" pips above or "X" pips below) if liquidity is available.

Market Range Example: Assume that you place a market order to sell EUR/USD at 1.3235 with a market range of five pips. When the order triggers for execution, one of the following three scenarios can occur:

SCENARIO 1:

The market has already moved below your 5-pip Market Range and is trading at 1.3219. The execution halts and the order is automatically canceled.


SCENARIO 2:

The market is trading within your 5-pip Market Range at 1.3233. Your order executes and is filled at 1.3233.



If you have any questions about our platform, feel free to ask me in the FXCM discussion thread.

Jason
  • #6
  • Dec 19, 2013 10:22am Dec 19, 2013 10:22am
Quoting Jason Rogers
It's worth noting that positive slippage is more likely to occur with limit orders, while negative slippage is more likely to occur with stop orders, because of the momentum in the market by which I mean the direction in which prices are moving when these order types are triggered. Limit orders are triggered as prices are moving in favor of your trade, while stop orders are triggered when prices are moving against your trade. . Jason
//----

glad i read jason's post entirely, was just fixin to say the exact same thing..... and my experience is fast approaching 100,000 live trades.....

the percentage of positive slippage orders is far higher for me than the figures jason posted but this is due to the fact my orders are almost entirely limit type.....h
to trade and code, keep both simple... no call to impress....h
  • #7
  • Dec 19, 2013 3:41pm Dec 19, 2013 3:41pm
Quoting hayseed
{quote} //---- glad i read jason's post entirely, was just fixin to say the exact same thing..... and my experience is fast approaching 100,000 live trades..... the percentage of positive slippage orders is far higher for me than the figures jason posted but this is due to the fact my orders are almost entirely limit type.....h
You make a great point, Hayseed

Below is info from our platform confirming the advantage of limit orders when it comes to positive slippage:

http://img823.imageshack.us/img823/1...agehighlig.jpg

  • #8
  • Dec 19, 2013 5:38pm Dec 19, 2013 5:38pm
thanks Jason..... i was not going to mention a figure because mine were so much higher they might not be believed...... the over 60% positive slippage is closer to my experience....

and as you mentioned, momentum plays a large factor.....h
to trade and code, keep both simple... no call to impress....h
  • #9
  • Dec 20, 2013 3:32am Dec 20, 2013 3:32am
Quoting Jason Rogers
{quote} Hi Tradethefx, While I can't speak for other brokers, at FXCM positive slippage (AKA price improvement) occurs just as frequently as negative slippage as you can see from stats below: {image} It's worth noting that positive slippage is more likely to occur with limit orders, while negative slippage is more likely to occur with stop orders, because of the momentum in the market by which I mean the direction in which prices are moving when these order types are triggered. Limit orders are triggered as prices are moving in favor of your trade,...
Hello Jason,

Thank you for your post.

A few things worth mentioning.

  1. You said that you have three different scenarios but you provided us with two scenarios only.
  2. I understand that you can specify the range in pips. So in the event that my positive slippage is higher than 5 pips (according to your example) then my order will not be executed. Am I correct?
  3. Can I avoid using the Market Range option from your platform? I am asking this because I can miss positive market movements when I use this option.

I have to say that the Market range will allow you to control the positive slippage and negative slippage as well.
But some traders may search for an ECN/STP broker will allow traders to take their risks when it comes to trading in the Forex market.

Currently we have four brokers only that traders experienced a positive slippage.

  • #10
  • Edited 12:40pm Dec 20, 2013 12:08pm | Edited 12:40pm
Quoting tradethefx
You said that you have three different scenarios but you provided us with two scenarios only.
I apologize for my error meant to say there are only 2 different scenarios

Quoting tradethefx
I understand that you can specify the range in pips. So in the event that my positive slippage is higher than 5 pips (according to your example) then my order will not be executed. Am I correct? Can I avoid using the Market Range option from your platform? I am asking this because I can miss positive market movements when I use this option. I have to say that the Market range will allow you to control the positive slippage and negative slippage as well.
That's not how the Market Range feature works. While it limits the amount of negative slippage you can receive, it sets no such restriction on the amount of positive slippage you can receive. That means, if you set your Market Range on an order to 5 pips, then your order could still receive 10 pips positive slippage if it's available, but it could not receive more than 5 pips negative slippage.

The Market Range feature on FXCM's Trading Station platform allows you to enjoy the full benefits of any positive slippage that's available in the market while still minimizing your risk of negative slippage. That said, for traders who would prefer not to use the Market Range feature at all, there is the option of changing their Order Type from "Market Range" to "At Market" which means your market order will always get filled, since no market range would be specified.

http://img13.imageshack.us/img13/5950/in6v.png

  • #11
  • Dec 21, 2013 5:03am Dec 21, 2013 5:03am
Quoting Jason Rogers
{quote} It's worth noting that positive slippage is more likely to occur with limit orders, while negative slippage is more likely to occur with stop orders, because of the momentum in the market by which I mean the direction in which prices are moving when these order types are triggered. Limit orders are triggered as prices are moving in favor of your trade, while stop orders are triggered when prices are moving against your trade.
+1 again.
True regarding the limit and stop orders part (esp. on good momentum price moves)
Have seen both positive and negative slippage on orders with mt4 brokers like Fxpro , Alpari UK also
(and i must also be having some 100,000 orders in statements (been testing high frequency trades and stuff so for some years now))
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #12
  • Jan 15, 2014 4:43am Jan 15, 2014 4:43am
Hi foresaint,

Was the positive slippage on their MT4 platforms or on Currenex and cTrader?
  • #13
  • Jan 16, 2014 6:25pm Jan 16, 2014 6:25pm
I get positive slippages on my FXCM acc. quite often
kiss the trend
  • #14
  • Jan 16, 2014 6:38pm Jan 16, 2014 6:38pm
if you are only getting negative slippage something is wrong unless you are doing large VWAP orders because it will always show as a worse price because it is averaging the price of a few tiers / LP. so on VWAP larger orders always will be negative, can't be positive unless price moves in your favour. this is my understanding, someone may confirm
  • #15
  • Jan 17, 2014 1:18am Jan 17, 2014 1:18am
Quoting fx-trader777
I get positive slippages on my FXCM acc. quite often
are those on limit entry orders
  • #16
  • Feb 6, 2014 11:16am Feb 6, 2014 11:16am
Yes on news trading if the initial movement is reverse.
I once managed to get a positive margin call as well.
  • #17
  • Mar 10, 2014 3:42am Mar 10, 2014 3:42am
Quoting forexsaint
{quote} +1 again. True regarding the limit and stop orders part (esp. on good momentum price moves) Have seen both positive and negative slippage on orders with mt4 brokers like Fxpro , Alpari UK also (and i must also be having some 100,000 orders in statements (been testing high frequency trades and stuff so for some years now))
hello brother,

I had already left ur shitty thread and said I wont comment further, there was no need to wet ur shityy pants once again.

but any ways you have no idea how stupid u looks when u manage that shitty thread with so much religious efforts.

but any ways I am done with u, so kindly dont drag my name once again.

since I cant post in ur thread I decided to send this message to u by this way.
I am smart than average trader, I simply copy the best.
  • #18
  • Mar 10, 2014 8:34am Mar 10, 2014 8:34am
What's a positive margin call? Never heard of it before.

In reference to topic's subject, I did and still have both positive and negative slippage on Oanda and Dukascopy. The reason why we use to see negative slippage more often is because we trade with the trend at that specific moment. It's obvious that in a downtrend you would want to sell and that price tends to go more often down than up in those conditions.
  • #19
  • Oct 21, 2018 9:49am Oct 21, 2018 9:49am
I have joined just to ask a question in this thread.

I trade the NEWS. I do not care whatsoever about slippage, since I have a robot to program -2 Pips as my exit from any entry price.

My fear is REVERSAL Slippage. I've not experienced this yet, but I want to know if it is possible.

Example: Current price of something is 1 dollar. I do a STOP order at 1.20. Price slips past my 1.20 order in 1 second flat and is filled at 1.55. What are the chances (if any, that I will NOT be able to exit this order at -2 pips? Clearly, the more it goes in my favor before reversing, the more likely 100% I will be able to get out at -2 in a worst case scenario. But what if it really does stop on a dime at 1.55 and reverses?

What is the WORST reverse slippage anyone has ever seen?

Thank you very much
  • #20
  • Oct 21, 2018 2:44pm Oct 21, 2018 2:44pm
I had positive slippage on GBPUSD during the results of the UK General Election in 2010 with IG. A long time ago so I don't have any screenshots, but it gave me a fright (thinking what I would have lost if I had traded the other way) and I have made sure to never trade news ever since!
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