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Slippage clarification #433896
12/08/13 16:01
12/08/13 16:01
Joined: Dec 2013
Posts: 11
J
Jeff_Raven Offline OP
Newbie
Jeff_Raven  Offline OP
Newbie
J

Joined: Dec 2013
Posts: 11
I have recently discovered Zorro, looking for a alternative to MT4 which I've been programming in for years. I've read through the help file and manual and worked through the workshops and really like what I'm seeing.

I've been able to find explanations for everything I need with 1 exception: slippage. In MT4, when placing an order, one of the parameters is the maximum slippage allowed (in points, not pips). If the price in outside that slippage range, the order is not placed (market is moving too fast; broker is slow; latency is too large or something). In Zorro, the slippage is in seconds, which I understand, but is there a way to similarly restrict a market order in Zorro from being placed if the price is outside of particular range by the time the broker gets around to filling the order compared to what it was when I sent the signal to place the order?

Thanks in advance.

Re: Slippage clarification [Re: Jeff_Raven] #433923
12/09/13 06:58
12/09/13 06:58
Joined: Jul 2000
Posts: 27,986
Frankfurt
jcl Offline

Chief Engineer
jcl  Offline

Chief Engineer

Joined: Jul 2000
Posts: 27,986
Frankfurt
There is indeed no max slippage parameter, Zorro always enters at the market. This could be implemented of course if it's needed.

Re: Slippage clarification [Re: jcl] #433946
12/09/13 13:09
12/09/13 13:09
Joined: Dec 2013
Posts: 11
J
Jeff_Raven Offline OP
Newbie
Jeff_Raven  Offline OP
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J

Joined: Dec 2013
Posts: 11
Thank you for your response.

I would request that as an enhancement, then. I view it a lot like a stop loss; it's a safety net for the trader in case something unexpected happens to the trade. There are so many stages in the communication cascade between when a trade is initiated and when it is filled that this kind of safety measure is desirable.

Re: Slippage clarification [Re: Jeff_Raven] #433947
12/09/13 13:38
12/09/13 13:38
Joined: Jul 2000
Posts: 27,986
Frankfurt
jcl Offline

Chief Engineer
jcl  Offline

Chief Engineer

Joined: Jul 2000
Posts: 27,986
Frankfurt
Ok, I'll put it on our to do list.

When you use the MT4 bridge, you can set max slippage in the Zorro EA in the #define SLIPPAGE line. It's 5 pips by default.

Re: Slippage clarification [Re: jcl] #433970
12/09/13 17:50
12/09/13 17:50
Joined: Dec 2013
Posts: 11
J
Jeff_Raven Offline OP
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Jeff_Raven  Offline OP
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J

Joined: Dec 2013
Posts: 11
Great! Thanks.


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