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Is the MIT order residing on the computer or the broker? This is an important issue.
If we have a simulated MIT order, the slippage will be in your favour anyway. i.e. filled at a better market price.
Market Scenario,
Since no one knows where your MIT orders are, the market decides to hammer into your simulated MIT order. You get slippage filled at a better price.
When your orders are exposed, the market participants see your order and can decide to frontrun at a price before your price. This will result in not being filled and you end up trying to chase the market.
Can you help answer these questions from other members on NexusFi?
In general, I fail to see how MIT order would execute at a better price on average.
Here is an example:
Buy Limit Order @ 1000 --> You will get filled at 1000
Buy MIT Order @ 1000, Bid = 1000 Ask = Bid + 1 Tick --> Market trades at Bid price of 1000, Market order is sent and gets filled at Ask price which is 1 tick slippage.
Now it is possible that the Bid/Ask drops down while your Market order is in transmission however, I suspect that the law of averages would find you getting a worse fill.
I apologize in advance if I am misunderstanding you.
Just like a stop market order triggers of a last trade price, MIT order will work in the same manner. Meaning, it will not trigger of a change in bid or ask price.
Thats great. Looking forward to NT8. The good slippage is not generally not based on calculating Bid/Ask. This is based on actual market price action where the market participants with faster algos tend to perform very quick price action onto prices. When you have a MIT profit target and the market moves quickly onto your price point. Because of the slowness of your trade execution. You will likely fill your profit target at a better price when the market moves quickly into your price.
1 tick slippage is no big deal. We are not doing split second HFT arbitrage.
Hi,
Apologies if this was already mentioned in this thread (or other thread).
I have attended webinars and also read the PDF but could have missed this information,
Will NT8 and NinjaScript have some kind of library to store snippets of code and then Reuse it?
(I AM a six month NT7 user and have to copy-paste a lot of code to build estrategies and was wondering if this area will be enhanced on NT8)
I realize there's no public statement regarding the timeline for NT 8, but perhaps... maybe... just for us futures.io (formerly BMT)ers..... 'cause it's the holiday season....
Can you give us the slightest idea when it may be coming into beta?
dont believe anything you hear and only half of what you see 
