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Order Execution Question

  #1 (permalink)
 
rintin2x's Avatar
 rintin2x 
salt lake utah
 
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OK, this might sounds stupid, so bear with me. I did some experimenting with the SIM couple minutes ago where I bought and sold 10 times in a row with 1 tick winner on all of them (all limit orders). Why did I do that? because I see a pattern where the price ticks up and down constantly. In a real live account, will my order be executed?

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  #3 (permalink)
 
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 rleplae 
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What instrument did you trade on ?

If you buy at the ask, most likely yes.
Depends on the liquidity of the instrument, in general 1 contract and buying at the ask, would give you a fill.

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  #4 (permalink)
 
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 rintin2x 
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ZN

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 rleplae 
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rintin2x View Post
ZN

you should be ok

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  #6 (permalink)
 
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 rintin2x 
salt lake utah
 
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Thank you

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  #7 (permalink)
 
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 JonnyBoy 
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rintin2x View Post
OK, this might sounds stupid, so bear with me. I did some experimenting with the SIM couple minutes ago where I bought and sold 10 times in a row with 1 tick winner on all of them (all limit orders). Why did I do that? because I see a pattern where the price ticks up and down constantly. In a real live account, will my order be executed?

Yes, your order would likely be executed. I have to ask though, I am assuming you are doing this to get a handle on your trading platform and how it executes. Scalping for ticks like that in a real account would be eaten up in comms.

Your broker however will love you!

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  #8 (permalink)
 
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 rintin2x 
salt lake utah
 
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lol especially using TOS...I just feel there are times when things just go nowhere and you need to grind it out you know...anyway I thought that was a little funny and just experimenting it only. Thank you for all you guys answers!

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  #9 (permalink)
 
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 TradingTech 
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It also depends on the matching engine logic used in the simulated trading environment. The CME uses many different matching engines so your fills in SIM most likely will not match the fill logic in production.

On the most basic level, may SIM environment will fill you if your price trades at all. In reality, if your order was last in queue, you wouldn't get filled in production unless the market trades through your price level.

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  #10 (permalink)
 
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 rintin2x 
salt lake utah
 
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That make sense, thank you

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Last Updated on June 20, 2016


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