Your position may close at a price different from your Stop Loss (SL) level due to slippage, which occurs when the execution price differs from the requested price. This may happen during rapid market movements, price gaps, or periods of limited liquidity.

How does slippage affect my trading account?

If the execution price is less favourable than your Stop Loss level, your realised loss may be greater than expected.

How is a stop loss executed?

Once triggered, the order is executed at the next available market price, which may differ from the Stop Loss level.

For example, a Buy position on XAUUSD has a Stop Loss set at 3,850.00. If the applicable market price drops from 3,852.00 to 3,845.00 without an available price at 3,850.00, the position may be closed at 3,845.00, resulting in a less favourable execution price.

Why might my execution price differ from my stop loss?

1.  Market gaps

This may happen when markets reopen after a closure or following significant market events. If the market gaps beyond your Stop Loss level, the position may be closed at the next available price.

2.  Low liquidity

As a result, your position may be executed at a different price from the one specified.

3.  Large position size

This may result in an average execution price that differs from the Stop Loss level.

What are the limitations of stop loss execution?

The difference between the Stop Loss level and actual execution price may increase during fast-moving or illiquid markets.

What should I check if my stop loss executed at a different price?

• Unexpected closing price: Open Account History in MT4(MetaTrader 4)/MT5(MetaTrader5) and compare the Stop Loss level with the actual closing price.
• Possible market gap: Check the execution date and time against the relevant market prices to identify any significant price movements.
• Possible slippage: Review the market conditions at the time of execution, particularly during periods of increased volatility or limited liquidity.