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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: Rob Kipp who wrote (2598)	8/21/1997 11:03:00 AM
From: OpenMind	of 3325

Hi Rob, Slippage is the difference between the price that the ideal system entry/exit price and the actual price that you're filled at. For example, the system generated a buy signal at 20 1/2, but by the time you enter the order and get a fill from your broker (assuming you place a market order) the price was 20 3/8. In this case, the slippage was 1/8. Of course, you could place a limit order, but there's no guarantee that you will get filled, if the market takes off. Commission and slippage often turn a "good" system to a "bad" one, so I use 25c/share to be on the conservative side. But you can use any amount based on your own trading experience. Jerry

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