Support Board

Date/Time: Mon, 13 May 2024 22:16:01 +0000

Post From: triggered stop

[2018-02-10 16:42:23] Link To Thread - Link To Post [Go To First Post]
User99934 - Posts: 227
The limit is an improvement for a potential execution problem but there is another. The true value of the order would be to specify the specific price volume or range of prices at which the volume trigger occurs. Here is what could happen with logic you proposed (as I understand it) without having a specific volume at price specified and using only a limit... market is trading at 999, buy stop is at 1000 with a volume trigger of 50 at any price of 1000 or more and a price execution limit of 1000. Market trades 1000 10 contracts, 1001 10 contracts, 1002 10 contracts, 1003 10 contracts, 1004 10 contracts. As soon as the 1004 with 10 contracts trades, 50 contracts has traded and my order is live on the book to buy at 1000. The problem is, I don't want to be a buyer at 1000 when the market already made its move to 1004. I'm too late, I don't want to buy the dip back to 1000. This happens in seconds, sometimes fractions of seconds and I can't react that fact to cancel the order. Instead of being a liquidity taker, I'm a liquidity maker. I'm looking for the following: market is at 999, buy stop is at 1000 with a volume trigger of 50 (at ONLY the price of 1000 OR a specified range) and the OPTION to have a specified price execution limit.