Slippage and lot size | Forex Factory

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Slippage and lot size

  • #1
  • First Post: Oct 9, 2015 2:51am Oct 9, 2015 2:51am
Hi, I'm trading with Pepperstone, just .01 lots at the moment and I am still getting slippage. Sometimes 4 or 5 points. I understand why slippage happens but I am curious, if I trade 1 lot, or 5 lots, is the slippage the same, or much larger?

thanks
Max
Gravity goes both ways in forex...
  • #2
  • Oct 9, 2015 3:12am Oct 9, 2015 3:12am
How often are you getting this. With 0.01 lots it should be a rare occurrence unless you are trading news (or maybe out of major hours, wouldn't know because I have never done it). Also if your stops are placed where there are many other traders placing stops then you will get slippage more often as it is like one big order going off that eats up liquidity very fast.

As far as position size goes I am not sure what type of depth Pepperstone have in their order book but you will get slipped more with larger orders, but 1 or 5 lots will not be an issue on the majors, should be about as common as 0.01 lot.
  • #3
  • Oct 9, 2015 3:55am Oct 9, 2015 3:55am
i never had it i made great profits with them withdrawd 3 times i swear .
any one that needs proof pm me
focus while relaxed to see better
  • #4
  • Oct 9, 2015 3:58am Oct 9, 2015 3:58am
The liquidity should (for a retailer) rarely be a cause for slippage. It's most probably a market running away from you (any momentum strategy at work?) perhaps also fueled by a high latency to their servers?!

However, some brokers have bigger problems with very small orders than with bigger ones, that used to be the case with GlobalPrime for example. I'm trading north of 10 Lots on EUR/USD, GBP/USD or AUD/USD mostly without any significant slippage (it actually isn't that much anyway).
  • #5
  • Oct 9, 2015 4:01am Oct 9, 2015 4:01am
I think that I am on a wifi connection of a mobile phone in Portugal and the servers are in New York. Apparently a VPS will help....

thanks
max
Gravity goes both ways in forex...
  • #6
  • Oct 9, 2015 4:12am Oct 9, 2015 4:12am
Quoting max pips
I think that I am on a wifi connection of a mobile phone in Portugal and the servers are in New York. Apparently a VPS will help.... thanks max
VPS won't help you in case of manual trading, I'm sorry but you should look for a proper internet connection.

Edit: using cTrader might improve things a bit, but mobile connectivity really isn't made for trading.
  • #7
  • Oct 9, 2015 4:30am Oct 9, 2015 4:30am
Quoting JensG
VPS won't help you in case of manual trading, I'm sorry but you should look for a proper internet connection. Edit: using cTrader might improve things a bit, but mobile connectivity really isn't made for trading.

I completely agree with Jens.

4-5 pips of slippage on 0.01 lots is truly horrible: I wouldn't be able to trade that way at all (and Pepperstone wouldn't be able to keep their customers, either, if that were typical!). I really think you need a better internet connection.
  • #8
  • Oct 9, 2015 4:35am Oct 9, 2015 4:35am
Quoting Xela
{quote} I completely agree with Jens. 4-5 pips of slippage on 0.01 lots is truly horrible: I wouldn't be able to trade that way at all (and Pepperstone wouldn't be able to keep their customers, either, if that were typical!). I really think you need a better internet connection.
Points not pips! So 0,4-0,5 pip. It's totally normal, when SL is hit, with 20 lots will be the same.
  • #9
  • Last Post: Oct 9, 2015 6:37am Oct 9, 2015 6:37am
yep, points not pips. And my system is mechanical. I am currently working through my mobile not from my mobile. I didn't realise how much difference it made having a VPS 1 millisecond from the broker as opposed to what I have been doing

Max
Gravity goes both ways in forex...
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