Status changed from New to In progress
I assume it doesn't trade in indexes like us550 because the slippage there is bigger than the default 5 value.
If you set it to 0 it is most probably ignored (perhaps it depends on broker?), and orders are placed.
From what I read with ECN brokers this parameter is ignored, and the order is executed at market price.
Anybody else has comment about this?
In the case of using a market maker broker, making the deviation arbitrarily 5 pips seems not right though because now some symbols will almost never trade and others will trade almost always. For instance, For me, 5 points is almost nothing on the symbol XAUUSD. But on EURUSD 5 points is on the high side. If you need one size fits all then 0 seems to be the correct and practical choice.
I do not see any relevance in Mabi screenshots regarding the spread to the max slippage issue though....