GC Market Order Slippage | Traders Hideout


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GC Market Order Slippage

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Los Angeles, CA /USA
 
Trading Experience: Master
Platform: Sierra, CQG, Gain, Transa
Favorite Futures: Crude Oil
 
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SuperBliss View Post
1. Hello, if I use market orders trading a live strategy on GC what kind of slippage can i expect trading 1 contract?
2. Or, if I were to use limit orders instead, approximately how often would they not get filled?

Thanks

It really depends on how fast the market is and the bid -ask at that moment. Most of the times market order will get filled at the avg of 1 tick spread between the bid and ask, however, there are times before reports, right after reports or when market breaks new highs/ new lows and stops get hit when you will experience larger slippage than you anticipate.

i have seen slippage of 2-3$ on FOMC days, economic reports or when market moves fast with large volume.

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