To use chat, please login.
Back to contacts
Raul Gherman (raulgherman1)
Feb 24 2015 at 12:55
13 príspevkov
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

Владимир (Golden_Midas)
Mar 10 2015 at 20:15
61 príspevkov
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)
Apr 08 2015 at 09:54
107 príspevkov
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
Apr 09 2015 at 20:10
774 príspevkov
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
Apr 09 2015 at 20:13
774 príspevkov
pending orders do become market orders when they get tirggered.

Toby Horne (Tobyh)
Jun 03 2015 at 10:45
4 príspevkov
I remember 'stop-imit' orders. I don't know of any online broker who offers them.

Toby Horne (Tobyh)
Jun 03 2015 at 10:45
4 príspevkov
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?

Niels (BOAR)
Jun 05 2015 at 07:57
18 príspevkov
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)
Jun 05 2015 at 07:59
18 príspevkov
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.

RedRhinoLab
Jun 16 2015 at 12:52
631 príspevkov
raulgherman1 posted:

i know at least one broker that states that limit orders are executed as they should be

best regards,

Raul


What broker actually executes at the requested Limit order?

when using MT4, our limit orders are held on their server then executed as a market order with their LP, however when using a real platform (FIX API enabled) the limit orders are on aggregation engine ( market book).

https://www.atcbrokers.co.uk/legal/order_execution_policy.pdf

The problem most brokers face is that they only offer MT4 platforms to their customer which isn't a real ECN platform but a toy for show. Our orders have to go through the MT4 bridge to meet the real world ( order book).

Solution is to stop using MT4 and use an ECN enabled platform where prices are executable.

Pre zaslanie komentára sa musíte najskôr prihlásiť.