Slippage, Price and Time Tolerance, and TP Proximity

Slippage

Slippage is the maximum acceptable deviation in pips from the requested price to the price at execution time. It's applied on the broker side when entering a trade.

• You can turn slippage on or off in the advanced settings.
• When enabled, you can specify the slippage value in pips.

Example:

• Scenario: You want to buy EUR/USD at 1.2000 with a slippage tolerance of 2 pips.
• Setting: Slippage = 2 pips
• Outcome: If the price fluctuates and the broker can execute the trade at a price between 1.2000 and 1.2002, the trade will be executed. If the price moves beyond 1.2002 (e.g., 1.2003 or higher), the order will not be filled.

Price Tolerance

Price tolerance defines the maximum acceptable price deviation for each order to be considered valid.

• You can set price tolerance in pips or as a percentage.
• If the market price deviates from the set value when the order is executed, the order may be canceled.
• Price tolerance is checked on the SageMaster Forex (SFX) side before posting to the broker.

Example:

• Scenario: You set a price tolerance of 10 pips for a buy order on EUR/USD at 1.2000.
• Setting: Price Tolerance = 10 pips
• Outcome: If the market price is between 1.1990 and 1.2010 at the time of order execution, the trade will be executed. If the price deviates beyond this range, the trade will not be executed and may be canceled.

This ensures that you don’t enter trades if the price moves significantly away from your initial expectation.