Market Execution & Instant execution: Both market execution and instant executions are used for take entry at current market levels.
Instant Execution: As you'll see within the in the trade window, the type is selected as “Instant Execution”, and you’ll additionally see an optional most deviation option. This was the most common type of market order configuration once MT4 first came out. The trader is in a position to manage slippage on a market order by specifying the utmost tolerated pips deviation from the ask price within the case of a buy, or the bid price within the case of a sell. If the trade server is unable to fill in that deviation, your trade is rejected and a requote message is returned.
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