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Direct MessagesDate/Time: Sun, 05 May 2024 04:20:37 +0000
Post From: Move to Break Even Stop - Parent Fill has Slippage
| [2018-09-21 09:00:11] |
| User379884 - Posts: 45 |
|
Hi, I have noticed the break even stop trigger and the break even command, moves the stop to the original location of the parent order placement rather than the adjusted location if the parent order fills with slippage, which can happen with a stop entry. The child stop and targets in the bracket adjust just fine, however the break even location remains at the original parent order location, not the adjusted location. This can be quite difficult in fast moving markets. Two examples for long positions; 1. If there is positive slippage (i.e. my stop order entry fills anywhere below the original parent order placement) and price is close, the break order rejects as the stop keeps wanting to go above the working order location and price. 2. If I have negative slippage (i.e. which is more common where price fills above the original stop order location) the "break even" stop moves below the adjusted working order location (due to the slippage), but it is not break even and one has to manually adjust it, or in a lot of cases the market moves too quickly and you get stopped with a tick or more loss. So is this possible to have the break even function move to the actual order placement location i.e. the adjusted location? I have noticed this regardless of using server side or client side attached orders (as well as SC intermediary with CTS advanced connection). It seems that the fill location is not updating to the break even function for either the trigger or command. Thanks. |