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The difference between your theoretical entry (exit) price, ie the one your PC
or system would consider being the execution, and the real execution of your
order.
For example, if you were to buy yesterday's high + 1 tick on a stop, and you
ended up buying yesterdays' high + 5 ticks, you would have 4 ticks slippage
against you. This is a very important element to consider when trading back
tested systems in real time.
Cheers,
Gwenn
| -----Ursprungliche Nachricht-----
| Von: Herb Rosenberg [SMTP:herbr@xxxxxxxxxx]
| Gesendet am: Wednesday, September 08, 1999 1:13 AM
| An: omega-list@xxxxxxxxxx
| Betreff: What is slippage?
|
|
| newbie question.....
|
| What is slippage?
|
| Please don't flame me, I have no idea what this refers to.
|
| Thanks
|
| herbr@xxxxxxxxxx
|