Question: How to set limitation to the amount of "Slippage" on MT4/MT5 trading platforms?
In this case, there are normally two factors that cause orders to be executed at different prices.
Slippage
Slippage happens when there is no enough liquidity in the market to execute your order.
In order to avoid the slippage as mush as you can, you may do the following things:
- Decrease trading volume
- Trade during the volatility is low in the market prices
- Trade major symbols which are traded often and liquidated
Slippage is a very basic knowledge among traders, and it happens to all types of financial markets.
The difference of Order Price and Market Price
Sometimes your order gets executed at a different price, because the price which was prepared by you doesn’t exist anymore as the market price changes.
This happens when you take a bit longer time to setup your market order.
To avoid this situation, you can set the parameter of “Deviation” so it will set the limitation to the order when the order tries to be executed at a difference price.
To setup this parameter, please go to “Tools”, “Options” and “Trade”, then you will find the box to change the numbers.
