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junkone
 

Registered: Dec 2007
Posts: 72

 

07-30-12 04:39 PM

when does a buy stop fill for forex
- When bid crosses over stop price or ask crosses over stop price

when does sell stop fill for forex
- When bid crosses over stop price or ask crosses over stop price

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oldtime
 

Registered: Jun 2011
Posts: 7479

 

07-30-12 06:04 PM


Quote from junkone:

when does a buy stop fill for forex
- When bid crosses over stop price or ask crosses over stop price

when does sell stop fill for forex
- When bid crosses over stop price or ask crosses over stop price

I trade with interactivebrokers, you can set up the trigger, bid, ask, last (which really doesn't exist in forex) or bid -1 or ask +1 or whatever trigger you want

once that trigger is hit it becomes a market order

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masterm1ne
 

Registered: Dec 2009
Posts: 802

 

07-30-12 06:15 PM

This is something I've been trying to figure out too.... I recently entered several trades usint stops. Usually with a limit, price must trade 1 tick above/below ur limit price. If it is a stop, then u can be filled if price trades at ur stop price, but not 1 tick above/below.

In my backtesting, I want to enter above/below the signal bar, I should use a limit instead of a stop, because sometimes I'll get filled and the market won't ever penetrate the entry bar low/high (especially in ES), therefore a stop *might* get filled, but a limit won't.

My broker OEC.

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junkone
 

Registered: Dec 2007
Posts: 72

 

07-30-12 08:41 PM

called mbtrading as i use thier forex
buy stop triggers @ cross of bid
sell stop triggers @ cross of ask

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