Slippage and orders

[Alanc]

Hi David,

I have results that I cannot work out how they are occurring and would appreciate you help.
I have set "exit price to inital stop" and I am getting large variations in slippage when I select exit to "default" as opposed to "market order". However when I do not set " exit price to inital stop" there is not much change at all with exit order types.

Why would the exit order type have any effect on slippage, when the exit price is set to the inital stop?

Cheers
Alan

[David Samborsky]

Hi David,

I have results that I cannot work out how they are occurring and would appreciate you help.
I have set "exit price to inital stop" and I am getting large variations in slippage when I select exit to "default" as opposed to "market order". However when I do not set " exit price to inital stop" there is not much change at all with exit order types.

Why would the exit order type have any effect on slippage, when the exit price is set to the inital stop?

Cheers
Alan

You should not use any other order type other than default if you want to exit exactly at the stop value. In reality slippage would not allow you to exit exactly at your stop value so you will have to bear this in mind when you try to close off a trade at a specific price.

[Alanc]

Hi David,

I see what you mean.

Thanks
Regards
Alan