Advanced Options
Advanced settings
11 min
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 time tolerance (expiry time for price tolerance) time tolerance specifies how long a trade idea remains valid after it's received you can set the duration in minutes or seconds if market conditions don't meet the price tolerance within this period, the trade idea is considered expired and the trade is not executed example scenario you set a time tolerance of 5 minutes for a trade idea setting time tolerance = 5 minutes outcome if the price conditions are not met within 5 minutes of receiving the trade idea, the trade idea expires, and no trade is placed, avoiding late entries in fast moving markets this is helpful for short term trading strategies where timing is critical tp proximity tp proximity assesses if the market price is close to reaching any take profit (tp) level specified in the trade trade idea you can define "close" as a certain percentage or number of pips if the price is detected to be within the set proximity to the tp, the trade might not be executed even if other conditions like price tolerance and expiry time are met this feature helps avoid entering trades that are already close to their profit targets example scenario a trade idea has a take profit set at 1 2050, and you define tp proximity as 5 pips setting tp proximity = 5 pips outcome if the current market price is within 5 pips of the tp (e g , at 1 2046 or higher), the trade will not be executed this prevents entering trades where the price is already close to the target, reducing the risk of premature tp hits this setting helps avoid entering trades with a high risk of reversal near the profit target how these settings work together these advanced settings work in combination to ensure more precise and controlled trade executions price and time tolerance work together to validate trade ideas based on current market conditions and timing tp proximity adds an additional layer of validation to avoid potentially unfavorable trade entries slippage allows for some flexibility in trade execution on the broker side, accounting for rapid market movements by carefully adjusting these settings, traders can fine tune their trading strategy to align with their risk tolerance and market expectations