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What types of orders do you use?
Started: by Big Mike Views / Replies:2,720 / 26
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What types of orders do you use?

  #11 (permalink)
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Big Mike View Post
Incorrect. Over 90% of the sites users are focused on futures, not forex.

Mike

Sorry about that...I am not into either but enjoy your site.

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  #12 (permalink)
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Market orders for entry on breakouts. Limit or Stop Market for other trades where I am targeting a specific price / area. A lot of my entries are Stop Market orders as I want to be carried into the trade if it moves my direction.

Sometimes I use market orders to exit at the close of a bar. Each type has a benefit and use.

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  #13 (permalink)
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Limits for entry. stops for risk protection. Limits for targets. (reversal trades)
stops for entry. stops for risk. limits for targets (stop hunting)

Psychology > Strategy ≥ Money
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  #14 (permalink)
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I quite like the volatility orders from IB, other than that I use limit orders for entry and stop limit for exit.

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  #15 (permalink)
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depending on the situation I'll add limit orders around a previous low or high in expectation of a bounce forming a double top or bottom. Pretty popular strategy, but it limits risk.

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  #16 (permalink)
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Stop limits for entry, and stops for exit. Occasionally, when the market is super fast, I'll use market orders for entry, just to make sure I get in on the action, but that's very rare.

Have used stop orders for entry in the past, but found the slippage too large.

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  #17 (permalink)
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Pretty new to futures and trading in general but feel I am definitely making progress, and prefer limit orders for entry, and try to avoid market orders. If I don't get filled I wait for the next set up.

A noob question for you seasoned guys, If my limit gets filled long and I am up two ticks, then order flow tells me it is probably not going any higher, why when I hit close to salavage those ticks do I generally get slipped one tick, obviously not to my favor? I'm trading treasuries and using Amp CQG.

Thanks for any replies.

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  #18 (permalink)
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manalive View Post
Pretty new to futures and trading in general but feel I am definitely making progress, and prefer limit orders for entry, and try to avoid market orders. If I don't get filled I wait for the next set up.

A noob question for you seasoned guys, If my limit gets filled long and I am up two ticks, then order flow tells me it is probably not going any higher, why when I hit close to salavage those ticks do I generally get slipped one tick, obviously not to my favor? I'm trading treasuries and using Amp CQG.

Thanks for any replies.

Your close is a market order so it will be filled where ever. Usually not in your favor.

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  #19 (permalink)
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tturner86 View Post
Your close is a market order so it will be filled where ever. Usually not in your favor.

Thanks I should have known that

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  #20 (permalink)
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They're all there for a reason it depends on how fast the market is moving and how agressively I want to get into the market. If I can live with some slippage market orders are fine, if not then limit orders are precise but you don't always get filled. Good and bad as with life :-)

Thanks,

Sand

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