@noconnor912 on GBPUSD | PriceONN Community
N
The slippage on GBPUSD during that last NY open was frankly unacceptable. I placed a limit order right at the 1.3300 support level, anticipating a bounce, and it executed at 1.3285. That's a 15-pip difference that eats directly into potential profits. Spreads widened considerably too, almost 10 pips for a moment. It makes precise entries incredibly difficult.
Replies
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And it's not like the news flow from the Fed decision or the oil prices warranted such extreme execution issues. The volatility was present, yes, but this level of deviation feels like a broker-side problem, not just market conditions.
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That's incredibly frustrating, @noconnor912. I experienced similar slippage on a smaller trade earlier today; it's unnerving when your execution price deviates so much from your intended entry, especially when the news flow (like the Fed decision you mentioned) doesn't scream for that kind of market chaos. It makes risk management much harder when you can't rely on your stop-loss or entry points to be respected. I'm glad I'm not the only one seeing these issues. It really does make you question the platform's reliability during peak hours. Hopefully, things settle down as the session progresses, but it's definitely something to flag.
That slippage sounds awful, @noconnor912. I saw the price jump around too during that session open. It's so scary when you can't trust the execution price.
Yeah @noconnor912, that slippage is brutal. I saw that move too, looked like a liquidity grab. The New York open is always wild. You gotta be careful with limit orders right on major support during that chaos. Sometimes a market order is better if you want in fast, but then you risk getting the worst price.
R
Seriously @noconnor912, 15 pips slippage on a limit order? That's insane. And you're right, the news wasn't even that crazy to justify that kind of execution failure. Sounds like they were just hunting stops. These brokers, man. They'll widen spreads like crazy when they want to and then give you garbage execution when you actually want to get in. It's a rigged game, probably saw a bunch of retail orders at that 1.3300 level and just swept them all up. Makes you not even want to trade.