Resting bids above market or offers below market? | Traders Hideout - futures trading strategies, market news, trading charts and platforms

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Resting bids above market or offers below market?

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Bay Area California
Trading Experience: None
Platform: TT T4
Broker/Data: Phillip Capital
Favorite Futures: Futures
Posts: 755 since Nov 2011
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tpredictor View Post
I have been think about something. Why cannot traders put in resting bid orders above the market and sell offers below the market? I know how limit/market orders work. However, you could in theory have an off book queue that would only move the orders to active state when the market moved above or below them.

This is called a stop limit order.

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