Slippage refers to the situation in the trade where the difference occurs between the expected price and the actual executed price, no matter it is a market order, a take-profit order, a stop loss order or any entry order.
A Lot is the measurement unit for the contract size in forex trading. In forex trading, the often-heard terms are a standard lot (100,000 units), mini lot (10,000 units), and micro lot (1,000 units).
MetaQuotes Software Corp, a world-renowned forex trading Software development company, launched MetaTrader4(MT4) in July 2005. Only two months after the launch, MT4 has become the mainstream platform in the forex market. Due to its stable and high-quality performance, MT4 is widely recognized as the most widely used trading software in the world, occupying more than 90% of the forex and Contract For Difference (CFD) market at one time.
Most investors assumed that MT5 of MetaQuotes was an updated version of MT4, but over the years MT4 has grown in use and popularity. The reason is that there seems to be no significant differences between the two, and the markets they focus on are different.
