Deviation/slippage
pasquale87:
Hi everyone,
when I subscribe a signal, I set parameters on my local mt5 platform. One of this parameters is deviation/slippage that advise to set to 5.0 (on guide in https://www.mql5.com/en/forum/336422).
But what means this value? Slippage is the difference between my order price and the execution price, isn't it? If i change the mt5's parameters on 0.5 or 5.0, what does it change?
Thanks in advance
You will copy signal provider's trades even if they have some more slippage.
pasquale87: Slippage is the difference between my order price and the execution price, isn't it?
Only on Dealing Desk brokers. On ECN ones, it is ignored.
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Hi everyone,
when I subscribe a signal, I set parameters on my local mt5 platform. One of this parameters is deviation/slippage that advise to set to 5.0 (on guide in https://www.mql5.com/en/forum/336422).
But what means this value? Slippage is the difference between my order price and the execution price, isn't it? If i change the mt5's parameters on 0.5 or 5.0, what does it change?
Thanks in advance