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Direct MessagesDate/Time: Thu, 02 May 2024 19:00:09 +0000
User Question
View Count: 845
| [2017-06-02 16:35:06] |
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Can you tell me what happens if new session opens with a gap and i have an open position with active attached orders? Price opens above/below stop or limit? Sierra Chart Support |
| [2017-06-02 17:18:28] |
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You should be able to answer this yourself. Based on the order type, order price, and side (buy/sell) potentially the orders can fill.
Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2017-06-02 17:18:42
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| [2017-06-03 03:03:59] |
| Quantico - Posts: 45 |
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As I understand it, server side orders are cancelled when the market closes so server side stops would not trigger when the market re-opens. If your stops are held locally on your computer at market open your stop orders will trigger on the gap and you will market out of the position. IMHO its best not to hold overnight unless you are way up on a trade or have deep pockets and can handle the inevitable margin call. Can somebody correct me please? |
| [2017-06-03 21:43:04] |
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server side orders are cancelled when the market closes so server side stops would not trigger when the market re-opens. This is not the case if they have a Time in Force of Good till canceled.If your stops are held locally on your computer at market open your stop orders will trigger on the gap and you will market out of the position. Not necessarily. It depends upon the price of the order and the price of the market.
Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
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