Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
Hi, everybody,
would you tell me, please, what are the mq4 expressions for:
"logical or"?
"logical and"?
"different from (not equal to)"?
What does mean "slippage" in EA's ?
Thanks
Last edited by evgeni1980; 11-27-2006 at 10:25 AM.
Slippage is the difference between estimated transaction costs and the amount actually paid. Brokers may not always be effective enough at executing orders so slippage is the price difference between the time you place an order to buy or sell a currency and the time that your oder is filled. In a fast-moving volatile market from the time you place an order until the time it is filled the exchange rate can rise or fall few pips.
If you allow 5 pips slippage, your order will be executed anywhere between +5 pips/ - 5 pips from the price you clicked on.
If you don't allow slippage (slippage=0) your order will not be executed if the price moves from the price you clicked on.
I prefer to set it at 10 pips. This way I am almost sure that my order will be executed. I don't care about those maximum 10 pips of "loss". It is more important for me to get the trade executed.