Backtesting Currencies/FX with spread

[TakisTakis]

Hi everyone,

I want to simulate spreads of 3 pips into backtesting. I read somewhere in this forum that this should be done by placing a value of 3 into slippage.

Is this the correct way to do that ?

Please remember that I am using only unmanaged orders.

Thanks in advance

[NinjaTrader_Bertrand]

TakisTakis, yes correct you would use the slippage box to simulate the avg spread to consider for your executions (limit orders excluded).

[TakisTakis]

Thanks Bertrand,

You sure know your ABCs well.

Just in case, I wanted to use limit orders and use spread in backtesting of curencies, do you have any suggestions of how to do that, too ?

Thanks again !

[NinjaTrader_Bertrand]

Thanks, no as there's no spread / slippage working with limit orders, you either get your price or not.