NexusFi: Find Your Edge


Home Menu

 





Order Issue


Discussion in Currencies

Updated
      Top Posters
    1. looks_one Thxo with 2 posts (0 thanks)
    2. looks_two Quick Summary with 1 posts (0 thanks)
    3. looks_3 bourgeois pig with 1 posts (0 thanks)
    4. looks_4 edricoon with 1 posts (0 thanks)
    1. trending_up 1,203 views
    2. thumb_up 0 thanks given
    3. group 3 followers
    1. forum 3 posts
    2. attach_file 2 attachments




 
Search this Thread

Order Issue

  #1 (permalink)
edricoon
Penang + Malaysia
 
Posts: 2 since Apr 2015
Thanks Given: 0
Thanks Received: 1

HI,

I went short EURNZD at 1.4045 around 23:00 17/4/2015 (UTC+8) and set a BUY LIMIT order at 1.4028 for profit target. However, my order wasn't filled even when the two candlesticks I shown in attachment crossed over my BUY LIMIT order level. It was not ONCE, but TWICE, and yet my order wasn't filled in the end.


Candlestick 1
Time: 00:00
Price: 1.4036
Open: 1.4038
High: 1.4038
Low: 1.4026
Close: 1.4032

Candlestick 2
Time: 00:30
Price: 1.4036
Open: 1.4032
High: 1.4041
Low: 1.4027
Close: 1.4039

As shown above and in the attachment, the price hit 1.4026 and 1.4027 which were lower than my BUY limit order and yet my order wasn't filled at all.

Would it be possible that my order couldn't get filled? Why didn't I get filled?

Sorry for the immature question. Newbie here!

Attached Thumbnails
Click image for larger version

Name:	18042015 0000 Candlestick 1.jpg
Views:	125
Size:	208.7 KB
ID:	180904   Click image for larger version

Name:	18042015 0030 Candlestick 2.jpg
Views:	130
Size:	213.4 KB
ID:	180905  
Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Exit Strategy
NinjaTrader
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
Online prop firm The Funded Trader (TFT) going under?
Traders Hideout
Deepmoney LLM
Elite Quantitative GenAI/LLM
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
 
  #3 (permalink)
 
bourgeois pig's Avatar
 bourgeois pig 
asheville north carolina USA
 
Experience: Beginner
Platform: Coinbase Pro, Uniswap
Broker: Coinbase
Trading: crypto currency
Posts: 313 since Sep 2014
Thanks Given: 766
Thanks Received: 274



edricoon View Post
Why didn't I get filled?

A limit is an order to buy at a specific price or better. I am assuming you know this, if you are trading with skin in the game, and are probably aware of the different order types. If not I highly reccomend a visit to Inestopedia: https://www.investopedia.com/university/intro-to-order-types/I would think that for a sure entry or exit you would need to use a "market order" or a "market if touched" order type. While MIT does not insure an excact fill price it does insure a fill but with a chance for slippage.

I am a begginer also, so maybe someone with a bit more experience will enlighten you further.
Good Luck!

"Napoleans severest comment on his beaten enemies - that they "saw to many things at once""- Hart
Reply With Quote
  #4 (permalink)
Thxo
West Java
 
Posts: 145 since Apr 2014
Thanks Given: 143
Thanks Received: 123


edricoon View Post
HI,

I went short EURNZD at 1.4045 around 23:00 17/4/2015 (UTC+8) and set a BUY LIMIT order at 1.4028 for profit target. However, my order wasn't filled even when the two candlesticks I shown in attachment crossed over my BUY LIMIT order level. It was not ONCE, but TWICE, and yet my order wasn't filled in the end.


Candlestick 1
Time: 00:00
Price: 1.4036
Open: 1.4038
High: 1.4038
Low: 1.4026
Close: 1.4032

Candlestick 2
Time: 00:30
Price: 1.4036
Open: 1.4032
High: 1.4041
Low: 1.4027
Close: 1.4039

As shown above and in the attachment, the price hit 1.4026 and 1.4027 which were lower than my BUY limit order and yet my order wasn't filled at all.

Would it be possible that my order couldn't get filled? Why didn't I get filled?

Sorry for the immature question. Newbie here!

... Long story short, you need to take the spreads into account.
if you want to buy @ 1.4028, and the spread is 3 pips, then set the buy limit @ 1.4031.


Reply With Quote




Last Updated on April 18, 2015


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts