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How market works (tick by tick)?


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How market works (tick by tick)?

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  #1 (permalink)
 romulko 
Ukraine
 
Experience: Intermediate
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Hello guys.
Can somebody explain me how market and orders works tick by tick?

For example I have these ticks:

20140430 210101;1879.25
20140430 210102;1879.50
20140430 210103;1880.25
20140430 210104;1879.75
20140430 210105;1879.50
20140430 210106;1879.00

When the first tick is came - I send sellLimit_order with price 1879.75

A takeProfit and stoppLoss is 2.

1. By what price the sellLimit order will be filled?
2. What I get in the end - stop_loss or takeProfit?

I would be very grateful for the help.

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  #3 (permalink)
 SMCJB 
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romulko View Post
Hello guys.
Can somebody explain me how market and orders works tick by tick?

For example I have these ticks:

20140430 210101;1879.25
20140430 210102;1879.50
20140430 210103;1880.25
20140430 210104;1879.75
20140430 210105;1879.50
20140430 210106;1879.00

When the first tick is came - I send sellLimit_order with price 1879.75

A takeProfit and stoppLoss is 2.

1. By what price the sellLimit order will be filled?
2. What I get in the end - stop_loss or takeProfit?

I would be very grateful for the help.

You can't answer these questions by just looking at ticks/trades, you also need to know what the order book (ie bids and offers) was at the time.

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  #4 (permalink)
 TradeAnonymous 
Chicago IL, USA
 
 
Posts: 8 since Jun 2015

You should really consider working with a broker before trading live with your own money. It's imperative to know exactly what your orders are going to do.

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  #5 (permalink)
 romulko 
Ukraine
 
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Trading: ES
 
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SMCJB View Post
You can't answer these questions by just looking at ticks/trades, you also need to know what the order book (ie bids and offers) was at the time.

Thank you for the answer.
But what if we imagine if there always be sellers and buyers but only at these prices.

If so, we should get opened position on
20140430 210103;1880.25

and takeProfit on
20140430 210104;1879.75

Is it correct? I'm interesting how market and orders are working.

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 rleplae 
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depends on the bid and ask
and the volume (unless you are doing 1 contract) then bid/ask is enough to answer the question

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