Forex glossary
Requote
A new price offered instead of execution at the price requested. MT5 Instant Execution lets the trader accept or reject it; the requote itself is neither an executed trade nor incurred slippage.
Illustrative example
How does it work in practice?
A hypothetical EUR/USD buy request in Instant Execution specifies ask 1.1000; the server offers 1.1003 USD per EUR. Rejecting that offer without a fill creates neither a trade nor an incurred slippage loss.
A case to work through
An accepted offer followed by a fill
MT5 Instant Execution model: planned buy at 1.0850; requote 1.0852 is accepted and fills 5,000 EUR.
- The confirmed price differs from the original plan by 0.0002 USD/EUR.
- Relative to that plan, the extra expenditure is 1 USD.
What follows? State which reference price is used for the comparison.
Example boundary: A requote without execution produces no incurred slippage.
A useful distinction
Requote / Slippage
Slippage compares an actual fill with a reference; a requote is an earlier price offer.
Check your understanding
Separate a new offer, acceptance and trade confirmation.
Show the answer and explanation
There is no executed trade to calculate
An unfilled offer creates no execution price.
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Related terms
Sources and documentation
- MetaTrader 5: executing trades
Execution modes, requotes, position handling and local trailing on this platform.
Document read: - MetaTrader 5: basic trading principles
Orders, deals and positions; FOK, IOC and partial-filling policies.
Document read:
The example illustrates the mechanism. Check current account conditions and instrument specifications with the provider.