Slippage Control

[riccardo1981]

Good Morning to everybody,

using a TS that insert a pending order in some particular condition , is there a process to check the slippage and eventually avoid a trade if this value is more than "x" tick ?

Many Thanks
R.

[NinjaTrader_Lance]

Hello,

Unfortunately this is not possible. Due to the nature of the market there is no way of knowing what kind of slippage you will receive on market orders until you place them.

You could use a stop limit order to limit the total amount of slippage you'll allow: http://www.investopedia.com/terms/s/stop-limitorder.asp

It may help to discuss this further with your broker for further clarity.

Let me know if I can further assist.

[riccardo1981]

Hi, many thanks for the support.

Have a nice weekend