The funny thing is, SML is doing exactly that, telling lies and posing like something he's not.
Your limit might get placed at the level you requested, but it wouldn't fill since the market gapped down.
"What Happens to Stop Orders in a CME Velocity Event? If the Stop Order Triggers Before the Event: Once triggered, a stop order becomes a market...
As someone earlier posted: "What Happens to Stop Orders in a CME Velocity Event? If the Stop Order Triggers Before the Event: Once triggered, a...
No, the broker doesn't "fire" the stop. One price traded, or lower, than the price the stop was set at, the broker will send either market orders,...
No, it is stored on your local device or the brokers server until the price is reached, not at the CME, then it is send to the exchange as either...
Stop Order The stop order type is an order which, when accepted, does not immediately go on the book, but must be triggered by a trade in the...
Stop orders are never stored at the CME, that's only for limit orders. At least not as far as i know, never came across something like that.
It's very unlikely that an algo would cause a 90 point drop in a second without any orders being traded in between. Yes algos going haywire can...
I did read it and even did more research because it was unclear, it turns out that it's even possible that if the market moves so fast even the...
This could be an option but OP never specified it wasn't his own stop order that got him out but a different one, so I didn't take that into account.
Because market orders can't execute if there is nothing traded for over 90 points ...
If his order was cancelled then it never would have executed, it did, just at a much lower price than expected.
A link to what? That's the exact opposite of what I have been saying all this time ...
Who is this directed at?
If there aren't any contracts traded until 90 points lower then there are 0 available order types that are going to protect you from that. The is...
Yes, but algo's slamming the price down won't cause massive gaps in traded price like news does ...
Sure, but those 90 points drop in NQ in seconds are usually only happen with news releases and price doesn't even trade at a lot of price levels,...
If you are day trading futures and are only going for short term trades the best way to protect yourself against those spikes during news events...
We are back well above the level that is stop was, yes. But yes, a stop limit isn't guaranteed to fill and it wouldn't have during that move....
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