Orders
Slippage
The difference between expected and actual fill price.
Slippage is the gap between the price you expected and the price at which a trade actually filled. It occurs with market orders — and with stop orders, which become market orders once triggered — in fast or thin markets.
It can work for or against you, but it is most painful when a stop fills worse than its set level. Trading liquid pairs during active hours and avoiding scheduled news are the ordinary defences.
Taught in these lessons
- Market orders vs limit orders — Forex Foundations
- Order types in practice — Charts & Execution
- Backtesting honestly — Strategy & The Journal
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