IB didn't execute my stop, maybe they reinstated rule "last is not last"

Discussion in 'Order Execution' started by mon, Jul 29, 2009.

  1. Sorry to be blunt, but is this a post of some clueless person trying to blame IB for providing a great feature?

    Normally, best would be last price traded.

    Now, try trading MINI CURRENCY FUTURES and you will realize that a stop triggered by bid / ask can be of value. I swish my broker would offer that - I program a logic for that now.

    Why?

    Because while bid/ask there reflect forex rates, sometimes trades are rare. Tade triggerd stops would be triggered.... sometimes 20 pips through the stop. There one needs bid/ask triggered stops.

    But seriously, this is a great feature of IB. Using it right, though, is your responsibility.
     
    #31     Aug 2, 2009