DislikedIf this is exactly what should have happened with this trade, then is news trading not viable? Or did I just choose the wrong event and the wrong time? I've read elsewhere that 30 pips (300 points) is not acceptable for slippage, were they wrong? Another thing is, this kind of slippage never happened with my demo account, not even close. If it had, I wouldn't have bothered trying it live. Thanks for your help.Ignored
30 pips slippage is totally normal thing when you use stops orders during high impact news, especially during hours with worst liquidity (of course if news causes 30 pips move or more). You can get easily 100 pips slippage if first tick equals 100 pips. During brexit session you could get 500 pips slippage! Remember that your order will be executed when all trades made by EA's (that are much faster than your server) find liquidity. Actually, you should always wait for first tick and then trade, because you will almost all the time get large slippage. Stop loss order shouldn't be set higher than the lowest point of first tick and contrary for sell orders. It's much better to wait one minute and then make a trade or not.
Remember that you can find many bullshit statements in the internet, for example this 30 pips unacceptable slippage First tick is your minimum slippage! Demo account usually doesn't have slippage at all, even if you see 1000 pips move, because your order doesn't make any impact on market, because it's virtual money
However, brokers can easily cheat with slippages, especially during high impact news. What broker did you use?