ever gained money from slippage?

Has anyone actually made money from slippage? I decided o start this thread here because news traders are usually in the markets during the most volitile of times. So I thought you would be more likely to have experienced positive slippage, if it is at all possible. I just wanted to know if slippage has ever worked in your favor. If you gained an extra say, 15 pips, while trying to close a winning position.

Hi there,

I've been trading for 6 months only, maybe I too am a beginner. But Last week not a single losing trade. Accumilated 170% of my intial equity. Never ever made money from slippage. Always loose money when trying to exit a news trading event that went wrong. If it goes the right way, then you might as well wait for he price to settle down a little. Usually it will retrace and continue the intial trend caused by the news, sometimes the news will be interpreted differntly after traders had more time to think about it and the knee jerk reaction will reverse. Volatility! always fun...

Good luck,
eltom

[quote=SisterCurare]Has anyone actually made money from slippage?[quote]

I have, while trying to exit a short trade that was falling in price. I thought the price had stalled, so I closed the trade. Next thing I know my account shows that the price fell another 15 pips. I believe it was an NFP trade a few years ago. Originally I thought I was going to exit with a nice 50 pip profit...That was the best positive slippage I had. It happened a few other times, but not for more than a single pip.

Now, it could be entirely true that when I went to close my position that as I pushed the button (or a millisecond after) the price jumped.

Currently I am trading with a broker. The broker only implement policy of positive slippage but no negative slippage at all during normal and volatile condition. What a gift!

sure, this happens, but not as much as id like

if you have a limit exit order, and your price gets jumped, you get filled at next best price, which could be 20 pips better than what you were asking for.

Slippage is a double edged sword pointing at you the trader!

If slippages are Trader Friendly, then Brokers would have removed slippage from their arsenal. The Broker's explanation of "next best price" may sound fair to them but it is not fair to traders. Slippage is there for us to get filled at a later time - hoping that the market is reversing, or peaked.

I have in the stock market, not forex yet.

I have had this kind of positive slippage. It is always welcome

Yes to positive slip. Two weeks ago had the price jump a take profit (limit exit) of +10 to where it actually happened at +21. Doubled my profit for that group of contracts. Was well happy with that!

Phill B.