OrderSend with market orders, slippage usage

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9
emred 2015.11.18 16:44
 

Hello,

I am new in MetaTrader and mql4 language,

I wonder to know, slippage parameter is applicable parameter for market orders (OP_SELL or OP_BUY) ?

I am asking this because in my broker demo account, I set slippage as 10 (Since it is using 5 digits) and it opens the order not in the range of RequestedPrice +- Slippage.


So one of the following must be the answer: 

- slippage parameter is not applicable parameter for market orders,  OR

- my broker ignore slippage parameter,  OR

- in demo accounts slippage parameter is ignored

The answer is very important for me.

Thanks for your help.

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2017
gooly 2015.11.18 17:57 #
 

1) Ask your broker!

2) Look for the regulation of your broker!

In my experience the brokers do ignore the slippage.

Some years ago I heard in a seminar offered by a broker that you can request the broker to cancel the order if the your order was effected outside of your slippage - but I have no specific experience about that.

Gooly


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9
emred 2015.11.18 20:20 #
 

Hi gooly,

Thanks for your reply,

I upset for ignoring slippage parameter in market orders. Actually it is very important to restrict the order price.

In my algorithm this is the case:

I calculated which symbol to trade in time T,  

I have to open order its ASK or BID price +- Delta, depend on order type, 

If I can open the order in T +   dT, make profit %P 

If I can open the order in T + 2dT, make profit %P * 0.8

If I can open the order in T + 3dT, make profit %P * 0.6

If I can open the order in T + 4dT, make profit %P * 0.4

I mean opening order delay also important for me.

Do you suggest any broker, or how can I find the best broker which satisfy my requirements?

Best regards, 

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9
emred 2015.11.19 00:10 #
 

Hi,

For example, for the beginning, searching this kind of sites are meaningfull? 

<Links removed>

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13001
WHRoeder 2015.11.19 12:57 #
 
When you registered you read "Negative discussions of any banking, brokerage and other financial institutions are not allowed." So broker specific discussions belong else where.
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9
emred 2015.11.20 23:28 #
 
WHRoeder:
When you registered you read "Negative discussions of any banking, brokerage and other financial institutions are not allowed." So broker specific discussions belong else where.

Sorry,

You right. 

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