question about bid/offer and limit orders. Thanks!!! - Traders Hideout | futures io social day trading
futures io futures trading


question about bid/offer and limit orders. Thanks!!!
Updated: Views / Replies:1,088 / 3
Created: by nepenthean Attachments:0

Welcome to futures io.

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

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

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

Reply
 
Thread Tools Search this Thread
 

question about bid/offer and limit orders. Thanks!!!

  #1 (permalink)
Trading Apprentice
Phoenix (basically mexico city)
 
Futures Experience: Beginner
Platform: ninjatrader
 
Posts: 15 since Oct 2010
Thanks: 1 given, 6 received

question about bid/offer and limit orders. Thanks!!!

If the market is currently trading above my buy limit but comes down such that 5 contracts are bid at my limit price and 4 of those contracts are sold into( I am last in queue), will my order remain unfilled or will it automatically hit into the offers?

Thanks

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,653 since Mar 2010
Thanks: 4,226 given, 25,602 received
Forum Reputation: Legendary

Answer
This post has been selected as an answer to the original posters question Answer


Whether your buy limit order will be hit or not, depends on the depth of the order book.

The buy limit orders are matched with sell market orders.

If your limit price is the current best bid and 5 new market sell orders are coming in, those will be matched with the best bid buy orders.

If your order is in the end of the queue, you will only get filled, if there are less than 5 other orders (by volume) sitting in front of you.

Reply With Quote
 
  #4 (permalink)
Elite Member
Chicago
 
Futures Experience: Advanced
Platform: custom
Favorite Futures: ES
 
traderlars's Avatar
 
Posts: 96 since Dec 2009
Thanks: 1 given, 88 received


nepenthean View Post
If the market is currently trading above my buy limit but comes down such that 5 contracts are bid at my limit price and 4 of those contracts are sold into( I am last in queue), will my order remain unfilled or will it automatically hit into the offers?

Thanks

no your order would remain unfilled. a limit order will not turn into a market order just because it is not filled. if you wanted that kind of execution you would need a specialized type conditional order that you would need to create yourself.

this seems like an interesting question. i wonder how you thought of this situation. did you see something like this happen in the book? if so can you describe it?


Reply With Quote

Reply



futures io > > > question about bid/offer and limit orders. Thanks!!!

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Limit Orders COTtrader Traders Hideout 17 August 22nd, 2010 03:24 PM
ATM and Limit Orders spinnybobo NinjaTrader Programming 6 June 12th, 2010 09:06 PM
Time Breakout with limit orders rajafx1 NinjaTrader Programming 1 December 23rd, 2009 03:52 PM
Limit Orders - Proving a fill zeller4 NinjaTrader Programming 1 August 28th, 2009 04:14 AM
A little trouble with limit orders... BigDog NinjaTrader Programming 8 June 21st, 2009 08:07 PM


All times are GMT -4. The time now is 06:19 AM.

Copyright © 2017 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
Page generated 2017-12-17 in 0.09 seconds with 25 queries on phoenix via your IP 54.82.81.154