What is slippage and why does it happen? from buzai232's blog

Orders are sometimes filled away from the desired price due to gaps in the market. This occurs because currency prices can sometimes be very volatile, or liquidity can be thin. In these scenarios, orders cannot always be filled at the exact price, but the next available price.To get more news about t4t capital, you can visit wikifx.com official website.

The limits are in place to protect our capital and to protect your profits from the week before. This stops you risking all your profits should you have a bad week. These are hard account/equity balance levels that cannot be broken. They remain static for the duration of the Assessment phase.

If you Breach any Limits your account will require a reset to continue with the opportunity to become a funded trader with T4TCapital.The Weekly Loss Limit Level is 2% of the initial Account Starting Balance. It remains static at this amount for the duration of the Assessment. This provides you with a static equity balance for the week that you cannot go below.

The is the safety net for our Capital. It is calculated by taking 4% of the starting account size, in this case $100,000 and subtracting the 4% or $4,000 to obtain a Maximum Drawdown Level of $96,000.

Should you make a profit during the first week the $4,000 trails (your highest account balance) just like a trailing stop on a trade until the level hits the account start balance, where it then remains static at that level for the life of the account.

For example, if you reach an account balance of $104,000 the Max Drawdown becomes $100,000 at this point it never moves. If you then increased your account balance to $106,000 the Max Drawdown remains static at $100,000.
The rules cover all account sizes and are industry standard rules. When we mean industry standard we mean professional trading rules employed by the financial institutions such as the banks, hedge funds and mutual funds. These trading rules are managed by our trading server at T4TCapital.

If you breach one of these trading rules, your account will not require a reset, instead the trade that you placed that breaches a rule will be automatically closed at market. You will more than likely incur a small loss due to transaction fees. Think of it as a penalty for breaking the rules!
Rule 1 – A Valid Stop Loss Must Be Attached to Every Trade When it is Opened
You cannot open a position and then add a stop loss afterwards. The stop loss must be a pending order attached the entry position.
To be VALID your Stop Loss must be within your available limits. If your Weekly Loss Limit is $2,000, you cannot open a position with a Stop Loss that if triggered the loss will exceed $2,000.
You can use any trading methodology you wish and you can even use robots or EA’s however you are responsible for ensuring they have a Valid Stop Loss attached when the position is opened.

Rule 2 – All Trades Will be Closed Automatically by T4TCapital on Friday @7PM GMT.
This is a very basic rule. All trades either open or pending will be closed automatically by T4TCapital on Friday at 7PM GMT.

Over the last few years with the numerous geopolitical issues, gapping on the Monday open has been commonplace. It is an unnecessary risk to have trades open over the weekend when the market is closed.

If you want a long term trade then simply exit the trade on Friday and enter back into the trade on Monday at the same (or close ) to the same price.


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