Exness Execution — Measured Fills, Read Against the Fields Nobody Set — the Philippines

Which default each figure belongs to

A latency figure belongs to the mode: it counts the time an order spent travelling, and the mode is the field that decides whether that journey can end in a price being re-offered instead of filled. A slippage figure belongs to the price the ticket accepted, which is what a deviation allowance is written to bound. A reject belongs to size. The expiry belongs to none of them, because a market order has no waiting to do. Reading the columns without knowing which field each one answers to is how a number ends up applied to the wrong setting.

Execution speed and fill quality vary with market conditions, liquidity and position size.

What the fills did, one size at a time

Across 27 measured round-trips the average fill took 130–151 ms depending on instrument and size, with 0 rejected orders in total. Signed slippage is the distance between the price on the screen and the price on the ticket, and the sign says which side of the screen price the fill landed on.

Points, signed: a minus is a fill on the better side of the screen price, a plus is a fill on the worse side. Of everything in this table, the rejects column is the one a deviation allowance would be expected to touch first.

The mode was chosen for you, not by you

Of the four values sitting in the window, the execution mode is the one that is not a setting at all. It arrives with the account type and with the symbol, it is shown rather than offered, and it is the field that quietly decides what the other three can do.

That matters because the mode is what determines whether a price can be handed back to you for a second look before the order is filled, or whether the order simply takes whatever the book has when it gets there. Two traders on the same symbol, sending the same volume, at the same second, can get two different kinds of answer purely because their accounts arrived with different modes.

So the first honest question about any execution number is not how large it is. It is which mode produced it. A figure recorded on one mode is not a prediction for the other, and nothing in a millisecond column tells you which one you are on — the account does.

The allowance that only earns its keep when the price moves

A deviation allowance is a cap: it says how far the fill may drift from the price on the screen before the order is refused instead of filled. Left at whatever value it was found on, it is invisible for weeks at a time, because on a quiet instrument nothing ever gets close to it.

It becomes the most consequential number in the window on exactly the days it is hardest to think about it — a release, a thin hour, a gap. A wide allowance trades certainty of getting filled against certainty of the price. A narrow one does the reverse and hands back a refusal instead of a position. Neither is the safe choice; they are two different risks, and leaving the box alone is a choice for one of them made by not choosing.

The table further down does not settle this for you. It is a record of fills that happened, not of fills that a cap prevented. Read it for the size of the drift, then decide separately what drift you are willing to accept — those are two different questions, and only the first one has a measurement.

Volume is edited by everyone and re-read by nobody

The volume box is the one field almost every trader touches, which is precisely why it goes wrong. It opens on a value, gets typed over for one trade, and then keeps that value for the next order on a different instrument, where the same figure means something else entirely.

Size is also the field the measurement below is most sensitive to. The same instrument at 0.01 and at 1.00 lot is not the same request: it asks a different amount of the book, and the signed slippage column shows that plainly. If a single row from this table is going to be carried away in memory, it should be a row at the size actually traded, not the smallest one.

There is a cheap habit that fixes most of it: read the volume box out loud before the confirm, in lots, together with the instrument. It takes a second and it catches the one default that changes the size of everything else on the ticket. The trading calculator is where to check what that volume costs before it becomes a position.

Reading the order window before the first order

1. Find the execution mode and note it. It is not a choice on this screen; it is a property of the account and the symbol, and it frames everything else.
2. Look at the deviation allowance and decide, once and away from a live market, what drift is acceptable. Write the figure down rather than deciding it during a release.
3. Read the volume aloud with the instrument name. Most size accidents are a value left over from the previous trade on a different symbol.
4. On a pending order, look at the expiry before the confirm: left in its open-ended position it will outlive the session, the plan and the reason it was placed.
5. After the fill, compare the ticket price with the price that was on the screen. That difference, not the millisecond count, is what the columns below are measuring.

None of the above changes an execution number. It changes which number applies to you.

Order-window fields and what the measured table can say about each

Column three is about this table and no other. A probe run with a cap set would answer differently, and a different account type might answer differently again.

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