The MC place the stop order for next bar after the next bar is appeared. Sometimes the next bar moves too fast then the slippage become bigger.
For example, the time of current bar is 11:00 in an one hour chart. If there is no trade price before 12:01, the stop order for 12:00 will not be placed. After the first tick of trade price appear at 12:02, MC place the stop order to IB. However, it needs near 1 second to transfer the order from MC to IB.
Can the MC place the stop order at the end of the current bar instead of the beginning of the next bar?
Auto Trading PROBLEM
-
- Posts: 323
- Joined: 07 Jan 2007
- Location: Lahore, Pakistan
- Has thanked: 64 times
- Been thanked: 57 times
Lot of traders fret about slippage and look for remedy in the wrong place.
Why not trade only liquid instruments?
Khalid
Why not trade only liquid instruments?
I wouldn't trade a market where the above is likely.For example, the time of current bar is 11:00 in an one hour chart. If there is no trade price before 12:01, the stop order for 12:00 will not be placed.
Khalid
-
- Posts: 407
- Joined: 01 Jan 2008
- Been thanked: 3 times
* I wouldn't trade a market where that is even possible.Lot of traders fret about slippage and look for remedy in the wrong place.
Why not trade only liquid instruments?
I wouldn't trade a market where the above is likely.For example, the time of current bar is 11:00 in an one hour chart. If there is no trade price before 12:01, the stop order for 12:00 will not be placed.
Khalid
- TJ
- Posts: 7744
- Joined: 29 Aug 2006
- Location: Global Citizen
- Has thanked: 1033 times
- Been thanked: 2223 times
Re: Auto Trading PROBLEM
if there were no trades for ONE hour, the ONE second it takes to transmit the order becomes irrelevant.The MC place the stop order for next bar after the next bar is appeared. Sometimes the next bar moves too fast then the slippage become bigger.
For example, the time of current bar is 11:00 in an one hour chart. If there is no trade price before 12:01, the stop order for 12:00 will not be placed. After the first tick of trade price appear at 12:02, MC place the stop order to IB. However, it needs near 1 second to transfer the order from MC to IB.
Can the MC place the stop order at the end of the current bar instead of the beginning of the next bar?
- Marina Pashkova
- Posts: 2758
- Joined: 27 Jul 2007
Re: Auto Trading PROBLEM
Hi ppan,The MC place the stop order for next bar after the next bar is appeared. Sometimes the next bar moves too fast then the slippage become bigger.
For example, the time of current bar is 11:00 in an one hour chart. If there is no trade price before 12:01, the stop order for 12:00 will not be placed. After the first tick of trade price appear at 12:02, MC place the stop order to IB. However, it needs near 1 second to transfer the order from MC to IB.
Can the MC place the stop order at the end of the current bar instead of the beginning of the next bar?
Here's the way it works:
Stop and limit orders cannot use 'This bar' construction. Only 'Next bar' can be used.
Next bar begins when its first tick arrives. When the tick is received, the order is submitted to TWS.
Regards.