Slippages in a SL-M orders

[jain.er]

Can anyone share theie experiences reagerding Slippages in SL-M orders, specially in a fast moving market

Specifically in Nifty

 

[sumosanammain]

Can anyone share theie experiences reagerding Slippages in SL-M orders, specially in a fast moving market

3 to 20 points in nifty

 

[jain.er]

Do you mean minimum 3 points slippage is there ?

20 points could kill

 

[sumosanammain]

Do you mean minimum 3 points slippage is there ?

20 points could kill

Last month there was upto 240 points slippage on one day.

 

[umeshmandal]

Last month there was upto 240 points slippage on one day.

240 points slippage!! Seems either I have not understood what slippage is, or you are erring somewhere!! One of us is erring!!
For me slippage is : The difference in trigger price and actually traded price when a Stop Buy or Stop Sell order is placed.
My expirience is that depending on the level the slippage is from zero to 7 points!!!
On one occassion, I was to buy at Market if Nifty touched 5103, from 5103 Nifty went straight to ~ 5112, my trade did not happen , because, the system feeds in the market price as 5103 is traded, in my case it showed buy at 5103.85 but market never trade at 5103.85 and jumped to 5112! At other times I opt to give a spread order rather than market. Buy upto 5105 when trigger price is 5103.05 !!

 

[umeshmandal]

In this order type once u r trigger is activated,the order is executed at the best price available,slippages could be 1,10 or 100 or even at a favourable price than u r trigger price.There is only rule while using this order:Never put a SL-M order in illiquid markets.

Slippage of 100/- in Nifty !! Maybe true, one in a million chance!!!

 

[Trendfollower]

Can anyone share theie experiences reagerding Slippages in SL-M orders, specially in a fast moving market

Specifically in Nifty

Hi Jainji

I trade NF-F hourly & i put rs.1 difference in Trigger Price & Price & it work to me, but in some volatile day like RBI announcement, Budget day etc etc i use little more but this is all for higher time frame, but if any one who play intraday, on shorter time frame, for him i think this is too much..

 

[sumosanammain]

250 points plus slippage, on 20th April 2012. Time 2:26 pm.

Yes, one in a million chance, but that one time would wipe out your entire capital in a few nanoseconds.

Forget 250 points. Can you take a 50 point slippage? I think not. So, .................

 

[jain.er]

250 points plus slippage, on 20th April 2012. Time 2:26 pm.

Yes, one in a million chance, but that one time would wipe out your entire capital in a few nanoseconds.

Forget 250 points. Can you take a 50 point slippage? I think not. So, .................

250 points slippage NIFTY mein Bhagwan ke liye bol do yeh sab Jhoot hai ...plz Gareeb log mar jaayeinge itnee slippage se.......

 

[jain.er]

Hi Jainji

I trade NF-F hourly & i put rs.1 difference in Trigger Price & Price & it work to me, but in some volatile day like RBI announcement, Budget day etc etc i use little more but this is all for higher time frame, but if any one who play intraday, on shorter time frame, for him i think this is too much..

I plan to trade intraday in which I wish to use stop loss orders as my SL tool ,
but with what I am hearing here its looking like its too risky too use SL-M orders,
Is there any other solution to this problem? Please advice