Slippage explained

[vhanded]

I am little confused about the Slippage setting on the strategy, here are my question:

I understand that slippage is the different in price during market order, but what is the value means? I see that it is a double type.

I had a strategy that provide stable profit, however, incorporate slippage of 1 makes the strategy extremely unprofitable, but a slippage of 0.01 gives a minimum impact.

Thanks.

[NinjaTrader_Bertrand]

vhanded, this would be expressed in ticks, so the minimum movement of your symbol. What symbols are you testing this on?

[vhanded]

I am testing it on CL.

[NinjaTrader_Bertrand]

Thanks, yes then 1 would be lowest that would be meaningful. That would be one tick of slippage or 10$ per quantity.

[vhanded]

Sorry, 1 is the lowest? What instrument/symbol it will be 0.01?

[NinjaTrader_Bertrand]

You could technically set a lower amount such as half a tick, but I double it would make sense.