Slippage for large(r) trade size in EUR/USD

May 26th, 2013, 11:16 AM

Hi all,

I'm testing some swing trading strategies on the EUR/USD pair.
My position size ranges from $2m to $7m.

Anyone can shed some light on the expected slippage per trade, with this size?
If possible, let me know of slippage per side (i.e. when entering the trade, so I will double it for the whole trade).

Thanks a lot
FastBull32

PS I am using Interactive Brokers, in case someone has specific experience with them.

May 26th, 2013, 03:02 PM

A lot.

May 26th, 2013, 03:08 PM

Thanks Artemiso.
That's a lot of slippage!

What are the two axes that don't have a description?

May 26th, 2013, 04:02 PM

Assuming EU or US sessions, no more than 2 pips with IB - just look at the DOM & there should be at least that amount available.

Remember - $20m is small size for a bank trader (although he/she is unlikely to be using IB).

Try it & see.

Edit : also assuming no lunatic news trading ;-)

Slippage for large(r) trade size in EUR/USD

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Slippage for large(r) trade size in EUR/USD