Pending limit orders execution
Raul Gherman
(raulgherman1)
Пользователь с Aug 21, 2014
13 сообщений
Feb 24 2015 at 12:55
Hi all,
i am starting this topic because lately i have noticed the following:
- as definition states, a pending limit order, be it buy limit or sell limit, should be executed at requested price or better
- most ECN / DMA, etc. brokers offering StopLevel = 0 for their trading symbols / instruments and MT4 platform to retail clients state that they only pass the quotes from LPs to clients, and orders from clients to LPs
now, under this light, when questioned, most brokers state that when the pending limit price gets triggered, this order turns into a market order -- that makes the previously stated definition useless
i know at least one broker that states that limit orders are executed as they should be
please let me know what you think on this matter, and also, if your broker proceeds as described above
best regards,
Raul
i am starting this topic because lately i have noticed the following:
- as definition states, a pending limit order, be it buy limit or sell limit, should be executed at requested price or better
- most ECN / DMA, etc. brokers offering StopLevel = 0 for their trading symbols / instruments and MT4 platform to retail clients state that they only pass the quotes from LPs to clients, and orders from clients to LPs
now, under this light, when questioned, most brokers state that when the pending limit price gets triggered, this order turns into a market order -- that makes the previously stated definition useless
i know at least one broker that states that limit orders are executed as they should be
please let me know what you think on this matter, and also, if your broker proceeds as described above
best regards,
Raul
Владимир
(Golden_Midas)
Пользователь с Mar 04, 2015
61 сообщений
Mar 10 2015 at 20:15
raulgherman1 posted:
Hi all,
i am starting this topic because lately i have noticed the following:
- as definition states, a pending limit order, be it buy limit or sell limit, should be executed at requested price or better
Hi, Raul.
What do you mean by 'requested price or better'?
As far as I know, all limit orders should only be executed at the stated price. Never heard of the 'better' price. All orders, such as 'Sell Limit, Buy Limit and Take Profit' are opening and closing only set in the order price.
Alexey
(VlasovTrend)
Пользователь с Dec 10, 2014
107 сообщений
Apr 08 2015 at 09:54
Golden_Midas posted:raulgherman1 posted:
Hi all,
i am starting this topic because lately i have noticed the following:
- as definition states, a pending limit order, be it buy limit or sell limit, should be executed at requested price or better
Hi, Raul.
What do you mean by 'requested price or better'?
As far as I know, all limit orders should only be executed at the stated price. Never heard of the 'better' price. All orders, such as 'Sell Limit, Buy Limit and Take Profit' are opening and closing only set in the order price.
Right!
Let's make a profit)))
alexforex007
Пользователь с Oct 11, 2013
773 сообщений
Apr 09 2015 at 20:10
When limit orders get triggered, they do become market orders. If the price is moving very fast and gaps, passing your limit order level, you can actually get a worse price, not a better price.
alexforex007
Пользователь с Oct 11, 2013
773 сообщений
Apr 09 2015 at 20:13
pending orders do become market orders when they get tirggered.
Toby Horne
(Tobyh)
Пользователь с Jun 02, 2015
4 сообщений
Jun 03 2015 at 10:45
I remember 'stop-imit' orders. I don't know of any online broker who offers them.
Toby Horne
(Tobyh)
Пользователь с Jun 02, 2015
4 сообщений
Jun 03 2015 at 10:45
you can place a stop order, a limit order, stop loss and take profit. tiny bit of slippage is common with all.
Is 15ms/160ms proxy/server latency (one way), connection quality usual?
Is 15ms/160ms proxy/server latency (one way), connection quality usual?
Niels
(BOAR)
Пользователь с May 18, 2015
18 сообщений
Jun 05 2015 at 07:57
alexforex007 posted:
When limit orders get triggered, they do become market orders. If the price is moving very fast and gaps, passing your limit order level, you can actually get a worse price, not a better price.
If a Limit order is activated by a gap, you'll actually have a better price.
With Stop orders activated by a gap, you'll have a worse price.
Let me know if you need a specific example for your understanding :)
Niels
(BOAR)
Пользователь с May 18, 2015
18 сообщений
Jun 05 2015 at 07:59
raulgherman1 posted:
please let me know what you think on this matter, and also, if your broker proceeds as described above
best regards,
Raul
My broker proceeds as you described.