Here are the three most effective ways to manage and minimize slippage while trading on Omni.
Set a Slippage Limit
The most direct way to control your execution price is to use a Slippage Limit.
Market Orders: If you set a slippage limit and the market moves too quickly, the platform will reject the entire order rather than filling it at an unfavorable price.
Trigger Orders & TP/SL: Omni will monitor the market and only process your Take Profit or Stop Loss once the trigger condition is met and the execution price falls within your slippage limit.
Use Smaller Order Sizing
Large orders require more liquidity to fill. If your order is too large given the current market liquidity, the remaining portion will be filled at progressively worse prices.
To counter this, you can try scaling in or out of positions by breaking a large trade into several smaller ones.
By doing this, you give the OLP (Omni Liquidity Provider) more time to source liquidity at your desired price levels without moving the market against yourself and getting filled at worse prices.
Use Limit Orders
If you have a set limit on the price you are willing to pay, Limit Orders are your best tool. Unlike a Market Order, which prioritizes speed of execution, a Limit Order prioritizes price.
You can use a Limit Order to set the exact price you want, and the trade will only execute if the market reaches that price (or better).
To learn more about how to use Limit Orders, check out 'Understanding Limit Orders'.
Avoiding Slippage: Comparison
Strategy | Benefit | Trade-Off |
Slippage Limit | Protecting Market Orders | Order might be rejected |
Smaller Order Sizing | Large Positions | Multiple execution steps |
Limit Orders | Precise Price Control | Order might not fill |