Please, excuse my ignorance but I ask because I have never had this happen in the last year of trading.
I had one long G/Y position open over the weekend with S/L set to 226.21. Along with it, there was a limit sell order that was to trigger also at 226.21. The market opened on Sunday afternoon and both the S/L and limit sell orders were filled not at 226.21 but at 225.52 (69 pip slippage).
I understand that slippages do occur, but aren't S/L and limit orders designed specifically to prevent slippage? I am with Oanda, by the way.
I had one long G/Y position open over the weekend with S/L set to 226.21. Along with it, there was a limit sell order that was to trigger also at 226.21. The market opened on Sunday afternoon and both the S/L and limit sell orders were filled not at 226.21 but at 225.52 (69 pip slippage).
I understand that slippages do occur, but aren't S/L and limit orders designed specifically to prevent slippage? I am with Oanda, by the way.