Huge slippage on a trade -
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thread: Huge slippage on a trade

  1. #11
    Junior Member jackrede's Avatar
    19
    But on IG I got no slide? BTW, my on FXCM is fixed spread, no ECN
    signifies the no ECN one should resulted in fixed price depart level, yet the ECN one should slide because there's no stationary spread onto it.
    How bout this, a fixed disperse a predetermined big spread fee, which also bear any slitpage on your trade plus they have many title for it rather which slitpage. It called difference, latency, lagging, delay! You name it.

  2. #12
    Junior Member Miniiok25's Avatar
    26
    But on IG I got no slip? BTW, my on FXCM is fixed propagate, no ECN
    Wow I never new that FXCM had mended spread! I think that is true of the OP not having a clue what he's about about

  3. #13
    Junior Member irayps17's Avatar
    13
    Due to my reseach, IG pass order straight to market (desire margin to do that), FXCM dont require margin to place order, so the order on FXCM table... when a price reach to the order, you got slide (require time to maneuver order on the market).

    I got 50 order on IG and 2-3 order had tiny slip, despite on FXCM I had lots of order big slide.

    Liquidity FXCM lt; Liquidity IG.

  4. #14
    Rings any alarm reading it?
    It ought to!

    Execution Disclaimer: When trading Forex on FXCM's Dealing Desk and No Dealing Desk (NDD) execution models, FXCM is your Last counterparty to these transactions. In both execution models FXCM aggregates the bid and ask prices out of a pool of liquidity providers. Together with NDD execution, the quotes which are displayed on FXCM's platforms will be the finest available guide bid and ask quotes obtained from liquidity supplies. In some conditions, based on account type, a markup is going to be added into the disperse. Aside from the spread between bid and ask prices, with NDD execution, the sole trading cost is a fixed lot-based commission exerted by FXCM in the close and open of this commerce. On the Dealing Desk execution model FXCM can behave as the trader on some or all currency pairs. There are also back up liquidity providers that fill in if FXCM doesn't behave as the trader. Please note that FXCM's Dealing Desk employs fewer liquidity providers than the No Dealing Desk execution alternative.

  5. #15
    quote FXCM does not possess a dealing desk and IG are now Market Maker based on there website like heaps of brokers are. What exactly was your point?
    Obviously they DO!
    In accore with their re here they've, for existing customers....bet the OP is an existing customer.

    From JR on FXCM discussion, now...
    ”However, with FXCM's recent introduction of new pricing on our Dealing Desk (NDD) FX implementation, we no longer provide the DD option to new customers on our Site, since our new pricing provides traders the best of the world with reduced pricing and NDD implementation: http://bit.ly/1shNooZ

    Having said that, we have some Present customers still on DD FX implementation, and that's the Reason Behind the disclaimer. ”

    You have your point, I trust!

  6. #16
    Here is the order on FXCM, slip 10$/oz image
    quote that is the 64k question! Slippage do occur. . .but on a liquid market 10$ silage doesn't really happen!
    There appears to be a misconception here that liquidity is quite constant. That's not the case. For example, EUR/USD is the most liquid monetary instrument in the world, but for that most liquid currency pair, the liquidity will drop during news events, and around 5pm New York Time which marks the end of one trading day and the start of the following.

    Bearing this in mind, let's look as this specific instance concerning the market gap on gold (XAU/USD) that occurred at 07:01:44 GMT (also it did all happen in less than one second) this morning. Below are two charts to help illue how fast the price of gold dropped at that time.

    First, below is a 1-minute chart where I've emphasized Love.l0ve's initial stop price (blue horizontal dashed line) and the price where it was filled (red horizontal dashed line). I also have circled the specific things once the halt was triggered (light blue circle) and when it was filled (pink circle). While this 1-minute chart can not show us the level of detail required to see exactly what occurred, it does help put this market gap in the context of where gold was trading before and after it occurred.




    Second, below is a tick chart where I've also emphasized Love.l0ve's initial stop price (blue horizontal dashed line) and the price where it was filled (red horizontal dashed line). I also have circled the specific things once the halt was triggered (light blue circle) and when it was filled (pink circle). Because you can see this market gap occurred in under one moment at 07:01:44 GMT. What's more, the market actually gapped through Love.l0ve's halt since the price dropped $10 from one tick to another. There was no opportunity to fill the halt at the first price, because the market blew past that price altogether. Therefore, the halt was filled at the best available price at the very second tick that was at 1173.04.





    Love.l0ve,

    I will appreciate your fruion. No wants to find negative slippage, however it's important to see that anybody trading in the forex, stock, or futures markets needs to be ready to accept the risks that can come with having orders executed during illiquid market conditions like market gaps. There is no sugar coating that. Slippage is just one of these risks. Though it's worth noting with FXCM, slippage can be either negative or positive. Below are the information from a total of 43,128,901 forex and metals (gold, silver, etc..) trades executed through FXCM over a six month period from August 2013 to January 2014.73% of all orders had no slippage. 15 percent of all orders received positive slippage. 12% of all orders received slippage. More than 60% of all limit and restrict entry orders received positive slippage. 53.32% of all stop and stop entry orders obtained negative slippage. Notice that stop orders are more likely to get negative slippage, while limit orders are more likely to get positive slippage. That's due to the momentum of price movement when such order forms are triggered. Monty505 needed a limit order for gold on his FXCM account that obtained positive slippage during precisely the exact same market gap which triggered your stop. In reality, he made the post below from the FXCM conversation thread before you started this new thread regarding your order.

    Well folks it is actually a big big plus when you receive positive slippage from a broker and it should be valued - I place my tp at 1172 and obtained closed at 1170 in XAU/USD - thank you fxcm for the slippage in my favor, much valued
    So to summarize, yes, your ceases can get negative slippage with FXCM. The stats above reveal that 53.32 percent of all stops get negative slippage. However, unlike with several other brokers, your limit orders with FXCM can get positive slippage. More than 60% of all limit and restrict entry orders received positive slippage. Throughout the 6 month research mentioned above, FXCM clients profited from http://bit.ly/P6lUzX.

    Let's contrast that with a broker that states it will execute your stops with no slippage even when their liquidity providers are quoting them a different price. The only way this type of broker could do that is if they were carrying the market risk on the other side of your orders. If that's true, this type of broker would also likely requote you rather than allow your orders to be full of positive slippage on your own limit orders and market orders. By comparison, there are no requotes with FXCM and our platforms offer traders with resources to lessen negative slippage and optimize positive slippage.

    You can read more about this Maximum Deviation attribute on the MT4 platform in the following discussions:https://www.cliqforex.com/trading-sy...ncleforex.html https://www.cliqforex.com/general-fo...ews-today.html

  7. #17
    quote obviously they DO! As per their re here they've, for present customers....bet the OP is an present client. By JR on FXCM discussion, now... ”But with FXCM's current debut of new pricing on our No Dealing Desk (NDD) forex execution, we no longer offer the DD option to new customers on our website, since our new pricing offers traders the best of both world with reduced pricing and NDD execution: http://bit.ly/1shNooZ That said, we've got some present customers still on DD forex execution, and that's the reason for...
    rings any alarm reading it? it should! Execution Disclaimer: When trading Forex on both FXCM's Dealing Desk and No Dealing Desk (NDD) execution models, FXCM is your final counterparty to such transactions. In both execution models FXCM aggregates the bid and ask prices out of a pool of liquidity providers. With NDD execution, the quotes which are exhibited on FXCM's platforms are the best available direct bid and ask quotes obtained from liquidity supplies. In some circumstances, based on account type, a markup will be added into the disperse. Aside...
    Hi Profitfarmer,

    As you understand, I have already responded to some comments in the FXCM discussion thread, but for the benefit of everyone else, I will post my full answer here as well.

    In the past FXCM utilized to offer traders the option of either NDD or DD forex execution. Traders who often visit the FXCM discussion thread will understand that I have posted about that option many times: https://www.cliqforex.com/trading-sy...g-journal.html

    But using FXCM's recent debut of new pricing on our No Dealing Desk (NDD) forex execution, we no longer offer the DD option to new customers on our website, since our new pricing offers traders the best of both world with reduced pricing and NDD execution: http://bit.ly/1shNooZ

    That said, we've got some present customers still on DD forex execution, and that's the main reason for the disclaimer.

  8. #18
    Junior Member Castlewhite's Avatar
    28
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  9. #19
    Junior Member otromimi's Avatar
    16
    Well no broker would guarantee you zero slippage. However, what you can do is trade using a broker that assures minimum slippage. Though I haven't noticed any slippage for the previous 1 year of my trading using Finpro, they wont guarantee zero slippage. However, you can test them out based on my experience.

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