Open trading account 
Another month has started and unfortunately some huge slippage has put me down right from the start. Yesterday during NFP release I had a GBP/JPY limit buy order above market price at 172.95, roughly 10 pips away from the market price but things got worse and didn't go as planned and my limit buy order got a huge 50 pips slippage and I got my fill right at the high of the day 173.41 and at the point where I was most likely going to move my SL if I would have got the right price at which I intended to buy.
Well, I do understand that right before the NFP release the order book may got thin and the liquidity dry out however I thought that limit orders are filled at or a better price. It may not get filled if the volume is not there, or could be partially filled. The order remains working until it is filled at order price or better and it is not cancelled unless I change the price or cancel it.
My order should have work like a "fill or kill" order and I think its wrong I got my order filled at higher price than I intended to do unless this is not a limit order and it's a market-if-touched order.
The bad new is that the other day I also had 30 pips slippage on another position that I took: long GBP/AUD. So far I had 80 pips in slippage that not only wiped away $40k in potential profits from my account but it has also caused me this 30% DD.
If it wasn't for this slippages I would have still been in profits, but now I have 30% DD and I'm not sure I have the time to put and get back my account balance in positive territory.
Best Regards,
Daytrader21
