when does a buy stop fill

Discussion in 'Order Execution' started by junkone, Jul 30, 2012.

  1. junkone

    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
     
  2. 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
     
  3. 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.
     
  4. junkone

    junkone

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