Stop Orders for Entry - Where Are They Held? - futures io
futures io futures trading



Stop Orders for Entry - Where Are They Held?


Discussion in Brokers

Updated
    1. trending_up 847 views
    2. thumb_up 1 thanks given
    3. group 1 followers
    1. forum 2 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Stop Orders for Entry - Where Are They Held?

(login for full post details)
  #1 (permalink)
Australia
 
Experience: Advanced
Platform: Sierra Chart
Broker: CTS/AMP
Trading: NQ, CL, HSI
 
Posts: 37 since Oct 2014
Thanks: 6 given, 30 received

Hi All,

A question with regards to Stop Orders for Entry. The context for this question is for CL and CQG Route (AMP Futures), although I suspect the answer may be relevant to other contracts and possibly data feed/routes.

I have mostly traded with limit orders and occasionally market orders.

I have started using Stop Orders for entry a tick above/below a signal bar. I sometimes get slippage on entry and I understand why as when the price is hit it enters as a market order, therefore it will get the best possible price.

I live overseas from the exchange and am around 250ms ping.

My question
1. Am I correct in assuming stop orders for exiting a trade are held at CQG exchange co-located servers (i.e. on their servers, not in the actual order book)?
2. What about stop orders for entry? Are they held on my computer or on the CQG servers at the exchange?

I am wondering whether I may be getting a bit stiffed occasionally if the stop entry orders are held on my computer and I am lagging the market due to my proximity.

Thanks for input.

Started this thread Reply With Quote

Journal Challenge February 2021 results (so far):
Competing for $1500 in prizes from Topstep
looks_oneSBtrader82 's Trading Journalby SBtrader82
(153 thanks from 29 posts)
looks_twoJust BEING a Trader: Letting Go!!by iqgod
(111 thanks from 32 posts)
looks_3Wisdom is Emptinessby Mtype
(68 thanks from 25 posts)
looks_4Deetee’s DAX Trading Journal (time based)by Deetee
(31 thanks from 16 posts)
looks_5Journal for peanuts1956by peanuts1956
(23 thanks from 13 posts)
 
 
(login for full post details)
  #3 (permalink)
Site Moderator
London UK
 
Experience: Beginner
Platform: CQG
Broker: S5
Trading: Futures
 
xplorer's Avatar
 
Posts: 5,292 since Sep 2015
Thanks: 13,324 given, 12,582 received



samsupertrader View Post
Hi All,

A question with regards to Stop Orders for Entry. The context for this question is for CL and CQG Route (AMP Futures), although I suspect the answer may be relevant to other contracts and possibly data feed/routes.

I have mostly traded with limit orders and occasionally market orders.

I have started using Stop Orders for entry a tick above/below a signal bar. I sometimes get slippage on entry and I understand why as when the price is hit it enters as a market order, therefore it will get the best possible price.

I live overseas from the exchange and am around 250ms ping.

My question
1. Am I correct in assuming stop orders for exiting a trade are held at CQG exchange co-located servers (i.e. on their servers, not in the actual order book)?
2. What about stop orders for entry? Are they held on my computer or on the CQG servers at the exchange?

I am wondering whether I may be getting a bit stiffed occasionally if the stop entry orders are held on my computer and I am lagging the market due to my proximity.

Thanks for input.

My understanding is that stop orders are held on CQG infrastructure (when using CQG of course). Limit orders are sent to the exchange. Stop aren't, until they are triggered.

Reply With Quote
The following user says Thank You to xplorer for this post:


futures io Trading Community Trading Reviews and Vendors Brokers > Stop Orders for Entry - Where Are They Held?


Last Updated on July 6, 2017


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1500 prizes from Topstep!

February
 

Identifying Setups & Targets Using Profile Charts w/Trevor & Tradovate

Feb 25
 

Battlestations! Show us your trading desk - $1,500 in prizes!

March
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts