Slippage on stop limit orders

[Sudhir Menon <sdhrmenon@xxxxxxxxx>]

Hi all,

    I want to have opinion of experts on this. 

    I want to trade on daily bars. so I will input
orders for tomorrow
today night only. The order type I am using is STOP
LIMIT. So I compute a price
and if touched I want to have limit order on that
price only .So if I put buy order for
101 stop limit - then once 101 is touched I want to
buy at 101 only. The idea is to avoide any slippage
But in real life its going to be diffcult. It is quite
possible that price may touch 101 and go to
102 and then never come back to 101 at all.

   So what I want to know - are there any techniques
to handle this kind of requirement ?
If I am issuing order 1 day in advance then whats
general probability that this kind of order
will remain unfulfiled.

Thanks in advnce.

Sudhir