Last Friday I had 8.5 pips of slippage with a Stop Loss, please see attached.
This seems completely crazy for an instrument like EUR/USD at a time when there's no news (5.16 PM Paris Time) with such a small position (110k).
In my mind, such a slippage could only happen during a low liquidity period and with a relatively large position (night and position > 1Mio) or during high volatility following report like NFP.
The code for the SL is completely standard:
Code: Select all
if MarketPosition = 1 then Sell( "Pct Stop Long" ) CurrentContracts shares next bar at (entryprice * ( 1 - StopLossPct))stop ;
Does anyone experience the same kind of problem ? How can I fix this ?
Useless to say that if I need to include 8 pips of slippage for stop entries or exit, any strategy will become completely unreliable.