different from the one you see in your platform. It will result in a much faster execution of your orders. If you have some questions or wish to share your experience trading Forex with instant or market execution style, please feel free to reply using the form below. Pending orders can be either limit or stop and will be executed when the price reaches some predefined level. Getting constant r"s can be as bad for your trading performance as a deep slippage can. Another disadvantage of this type of execution is that brokers, which employ it, will not allow setting stop-loss and take-profit orders during order opening. Consequently, there is a probability that the price changes while your order is processed by the broker. On the one hand, market execution allows you to trade currencies without any sort of r"s.
I would advise most traders to stay away from such situations regardless of their brokers execution type. The price may actually be the same as the one you see in the platform, or it may be only insignificantly different, but sometimes, the difference may get quite serious. You should look at your goals and choose a broker or an account type at your broker (if the company offers account types with both execution methods) appropriately. As you probably know, there are two kinds of orders in MetaTrader platform: pending orders and market orders. Note the maximum allowed deviation input field at the bottom: Market Execution, if your broker is using market execution (most.