I had 2 incidents involving significant slippage while trading LIVE on my DOM today.
I trade the 6E (EUR/USD currency futures) with MIRUS on a ZEN Fire feed. I do not trade the FOREX.
Incident 1
- Placed limit buy order at 1.2251 and got filled at 1.2257
Incident 2
- Places limit sell order at 1.2294 and got filled at 1.2278
I rang MIRUS Emergency and was advised of the following:
- Incident 1 was a real slippage i.e. I got filled at 1.2257
- Incident 2 was NOT a real slippage, I got filled at 1.2294
When trading LIVE
- I set my DOM Stop Limit Offset to off
- I placed the orders by placing a trade on the buy/sell column at the limit price i.e. 1.2251 in the buy column in incident 1 and 1.2294 in the sell column for incident 2
I DID NOT use the Market Order or the quick buttons
My understanding is that by placing my orders as described with the stop limit offset set to OFF, that I could not be entered at a price other than my entry price or better (not worse)
Please advise if this is not the case and what I need to do to prevent this from recurring in the future.
I'd also like to know what caused the DOM to display a false entry as occurred in incident 2 and what I can do to prevent this from happening again.
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