PC Set the slippage tolerance
This article was :
published
updated
On MetaTrader4 (MT4) / MetaTrader5 (MT5), you can prevent an order from being executed if the slippage from the rate at which the order is placed exceeds the specified amount.
Here we will look at how to set the slippage tolerance on MT4/MT5.
Switch between MT4/MT5 tabs to check the steps for each.
This parameter may be overridden based on market conditions
Please note that even if slippage tolerance is set, the market price will take precedence if no price is available within the specified range.
Step 1
Click "Tools" in the menu and select "Options". (Shortcut keys: "Ctrl"+"O")
Step 2
In the "Trade" tab, choose "Default" for "Deviation by default". Then enter the slippage tolerance in points and click "OK".
Point represents the smallest unit
A point, in the context of slippage, represents the smallest unit of a rate. For instance, for symbols quoted to three decimal places (e.g., USDJPY), one point equals 0.001.
Step 1
Click "Tools" in the menu and select "Options". (Shortcut keys: "Ctrl"+"O")
Step 2
In the "Trade" tab, choose "By Default" for "Deviation". Then type the slippage tolerance in points and click "OK".
Point represents the smallest unit
A point, in the context of slippage, represents the smallest unit of a rate. For instance, for symbols quoted to three decimal places (e.g., USDJPY), one point equals 0.001.
Was this article helpful?
No
Yes
0 out of 0 people found this article helpful.
Thank you for your feedback.
