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I was wondering if anybody could advise on how to improve my strategy.
My strategy currently enters long via stop order, however I have an issue with slippage. Slippage is quite unpredictable (ranging between 0 and 2.5 pips on G10 FX), despite I trade FX (liquid market) in small ticket size (Notional of 50-100k). I am trying to think a way to reduce slippage whilst maintaining the use of stop orders (or market orders) to enter a new position.
What i currently do is the following:
I am wondering if there a way to get the order executed at market if GetCurrentAsk() = High[0] or something similar?
I am curious to know what solutions other have found to reduce slippage when entering via stop order (or market order) once a specific level is triggered
Thanks!
Can you help answer these questions from other members on NexusFi?
- is it worse when the last bar closes on its high?
- you might want to test out a stoplimit order
- do the profitable trades have more slippage? Might be a sign of a good trade.
- stops are executed according to the broker. With Interactive Brokers the default setting is that the price is attained rather than exceeded. Yours might be different.
- don't you ever get positive slippage?
i.e. I don't think you'll find a way to code for better slippage without altering when your strat wants to place an order.
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