Hello
Question about using stop limit order
Did post a similar thread on Forex Factory, but no answer
http://www.forexfactory.com/showthread.php?t=325152Lately, I'm experimenting big slippage on EurUsd. All my orders are done using a Buy Stop. Last days, I have seen up to 6 pip, often 3 pip. When an order is based on a 10 pip range bar, this is a big chunk of probable profit that is gone in smoke.
To prevent that, is it a good idea to use stop limit entry. Stop price reach then a limit should ensure that I'm getting my calculated price, hence my calculated risk. I understand that some trade wont be triggered because limit price would had not been available.
If so, what the configuration that professional use to enter at EX: 1.3056
a) Stop 1.3056 Limit 1.3056
B) Stop 1.3057 Limit 1.3056
C) Stop 1.3055 Limit 1.3056
D) Others
E) this is not a good practice to use limit entry
Any comment appreciate
Martin