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Entering with a limit order vs. market order
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Entering with a limit order vs. market order

  #11 (permalink)
Trading Apprentice
Chicago, IL
 
Futures Experience: Advanced
Platform: Tradestation + Multicharts
Favorite Futures: Forex, Futures
 
Posts: 44 since Jul 2013
Thanks: 26 given, 1 received

Just to revisit this subject with a different (but similar) question..

Is there a way to submit a limit order at the MARK price? (mid point between bid/ask)?

Or would I have to make it a function like:

"Then buy/sell this bar at ( (bid - ask)/2 ) Limit ; "

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  #12 (permalink)
Market Wizard
Hamburg Germany
 
Futures Experience: Advanced
Platform: Multicharts, Tradestation
Broker/Data: DTN IQ
Favorite Futures: ES
 
Posts: 1,720 since Apr 2013
Thanks: 265 given, 994 received
Forum Reputation: Legendary

djvie11,

you will likely have to code it yourself. Depending on your broker it might make sense to round the order price to the nearest tick to prevent rejections, too.

Regards,

ABCTG


djvie11 View Post
Just to revisit this subject with a different (but similar) question..

Is there a way to submit a limit order at the MARK price? (mid point between bid/ask)?

Or would I have to make it a function like:

"Then buy/sell this bar at ( (bid - ask)/2 ) Limit ; "


Reply With Quote
The following user says Thank You to ABCTG for this post:
 
  #13 (permalink)
Trading Apprentice
Chicago, IL
 
Futures Experience: Advanced
Platform: Tradestation + Multicharts
Favorite Futures: Forex, Futures
 
Posts: 44 since Jul 2013
Thanks: 26 given, 1 received



ABCTG View Post
djvie11,

you will likely have to code it yourself. Depending on your broker it might make sense to round the order price to the nearest tick to prevent rejections, too.

Regards,

ABCTG

And if it interests anyone, I found this link that proved to be helpful:
Bid-Ask Snapshot in Price Charts

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