Yes, it is possible that your “Take Profit” or “Stop Loss” orders get slippage when they get executed depending on the market situation.

These pending orders to close open positions are also subject to slippage just like a normal market execution.

You may specify a certain price level when you set “Take Profit” or “Stop Loss” levels though, these orders do not guarantee you that your order will be securely executed at the specified price.

As it is a common knowledge among investors, slippage happens when there is no enough market liquidity to execute the relevant order, and the same condition applies to any kinds of financial markets.

Slippage occurs especially when:

  • The trading volume is large (such as more than 10 lots)
  • The volatility in the market price is extreme
  • The market liquidity is very thin

You cannot completely avoid slippage though, you can still try to not let that happen in your trading account.

Some brokers publishes execution statistics which include percentage of slippage or orders.

You may refer to their statistics or contact support team for more information.

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