SlippagePips detailed definition

Created at 12 Nov 2013, 23:09
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Lgon

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Joined 22.04.2013

SlippagePips detailed definition
12 Nov 2013, 23:09

Hello,

In a market order request how does "SlippagePips" works?

For example, if I send a market order request at 09:15:00:100 where price was 1.35000 (assume no spread); that request is accepted at 09:15:00:200 where price, for example, is 1.35005 and the order is filled at 09:15:00:700 with a price of 1.35015, where does the SlippagePips applies?

Thanks

 

@Lgon
Replies

Lgon
12 Nov 2013, 23:29

In the example above, if I'd sent the market order request with 1 pip slippage, would it had been filled?

@Lgon

Spotware
13 Nov 2013, 11:30

You send a market order request at price x +/- y pips. Then the order will be filled if the price is at x+/- y pips at the time it is received.

@Spotware
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