Question for High Volatility Traders: How do you manage slippage during Major News Events?

[tradingforward23]

Hi Everyone! I don't know if this question is in the right category but since I would like to ask a question that is why I decided to input this question here.

My question for traders who happens to be like me, trading the market during high volatility, how do you manage, reduce, and possibly eliminate slippage? Is the use of VPS enough or it could be something else? I read somewhere online that it is best to trade 15 mins after the major news event but my mind is still thinking and wondering if there's another way?

This might seems like a wishful thinking, but there's got to be a way to manage slippage whilst taking advantage of the high volatility that is happening in the market at that particular day and time.

Your insight is greatly appreciated!

[jstap]

This is the right forum, I do not know of a way to avoid slippage, unfortunately scalping type strategies even if programmatically trading will have slippage, the best way to avoid this is to manually close.

[tradingforward23]

@jstap Thanks man! I suppose slippage is inherent in trading especially when trading around major news events.

[VHV-Profit-Masters]

@tradingforward23 Hello, indeed slippage is part of this type of trading, with respect to news events the way we mostly use is a news filter like icefx for example that helps suspend EA operations a certain time before and reactivates them a certain time after each event that is configured...

[tradingforward23]

@DragonZueloTrends This is much appreciated. Thank you so much!

[tradingforward23]

@DragonZueloTrends I may try to configure my EA in such a way that it identifies when will be the news release and what time it should trader after. Although I have no problem with manually disabling my EA and enabling it once the news has been released. I view this process as a "small price to pay" as I still need to be involved in trading despite having an EA. My main motivation for creating an EA is to aid me in placing trades which otherwise would take longer if I do it manually.