Slippage and Limit Orders - Traders Hideout | futures io social day trading
futures io futures trading


Slippage and Limit Orders
Updated: Views / Replies:281 / 6
Created: by SuperBliss 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
 

Slippage and Limit Orders

  #1 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: NA
Favorite Futures: NA
 
Posts: 60 since Jan 2010
Thanks: 168 given, 7 received

Slippage and Limit Orders

Hello, I am working on designing a trading strategy that I will eventually trade live. The strategy I am working on now will use limit orders and have stops as close as 2 to 4 ticks away from entry. I am looking at using the strategy on NQ, GC, CL and ES. My question is, if I am running the strategy from home using ninjatrader brokerage, how often can i expect my limit orders to not get filled if I trade 1 to 10 contracts? Or, if I use market orders what kind of slippage should i expect?


Last edited by SuperBliss; July 12th, 2017 at 02:39 AM. Reason: added words
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
Omer עומר / Israel י
 
Futures Experience: Master
Platform: NinjaTrader, Proprietary,
Broker/Data: Ninjabrokerage/IQfeed + Synthetic datafeed
Favorite Futures: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
 
rleplae's Avatar
 
Posts: 2,312 since Sep 2013
Thanks: 1,627 given, 3,421 received
Forum Reputation: Legendary

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



SuperBliss View Post
Hello, I am working on designing a trading strategy that I will eventually trade live. The strategy I am working on now will use limit orders and have stops as close as 2 to 4 ticks away from entry. I am looking at using the strategy on NQ, GC, CL and ES. My question is, if I am running the strategy from home using ninjatrader brokerage, how often can i expect my limit orders to not get filled if I trade 1 to 10 contracts? Or, if I use market orders what kind of slippage should i expect?

It depends where you will put that limit order.
For example if you put it behind a support/resistance, then the fill will be less likely than in front of that zone
same goes for the end of a rotation

Reply With Quote
The following 3 users say Thank You to rleplae for this post:
 
  #4 (permalink)
Elite Member
India
 
Futures Experience: Intermediate
Platform: Amibroker/Presto
Broker/Data: Amibroker/Global data feed
Favorite Futures: Futures\Options
 
Posts: 2 since Feb 2011
Thanks: 17 given, 0 received

Limit order modifying


rleplae View Post
It depends where you will put that limit order.
For example if you put it behind a support/resistance, then the fill will be less likely than in front of that zone
same goes for the end of a rotation

Isn't there a way to modify limit orders after a pre determined time ?

Reply With Quote
 
  #5 (permalink)
Elite Member
Omer עומר / Israel י
 
Futures Experience: Master
Platform: NinjaTrader, Proprietary,
Broker/Data: Ninjabrokerage/IQfeed + Synthetic datafeed
Favorite Futures: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
 
rleplae's Avatar
 
Posts: 2,312 since Sep 2013
Thanks: 1,627 given, 3,421 received
Forum Reputation: Legendary


mithoon View Post
Isn't there a way to modify limit orders after a pre determined time ?

of course
you may want to study the example code of a bot i published in the past
it contains code to do updates to the limits

https://futures.io/elite-automated-trading/32559-ron-s-alpha-trade-method-ninjatrader-advanced-trade-management-bot-22.html

Reply With Quote
The following user says Thank You to rleplae for this post:
 
  #6 (permalink)
Market Wizard
London UK
 
Futures Experience: Beginner
Platform: CQG
Favorite Futures: Futures
 
xplorer's Avatar
 
Posts: 2,872 since Sep 2015
Thanks: 6,131 given, 4,371 received
Forum Reputation: Legendary


rleplae View Post
of course
you may want to study the example code of a bot i published in the past
it contains code to do updates to the limits

https://futures.io/elite-automated-trading/32559-ron-s-alpha-trade-method-ninjatrader-advanced-trade-management-bot-22.html

Maybe I did not understand the question that was asked in relation to


Quoting 
It depends where you will put that limit order.
For example if you put it behind a support/resistance, then the fill will be less likely than in front of that zone
same goes for the end of a rotation

How did you interpret it?

Reply With Quote
The following user says Thank You to xplorer for this post:
 
  #7 (permalink)
Elite Member
Omer עומר / Israel י
 
Futures Experience: Master
Platform: NinjaTrader, Proprietary,
Broker/Data: Ninjabrokerage/IQfeed + Synthetic datafeed
Favorite Futures: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
 
rleplae's Avatar
 
Posts: 2,312 since Sep 2013
Thanks: 1,627 given, 3,421 received
Forum Reputation: Legendary


xplorer View Post
Maybe I did not understand the question that was asked in relation to



How did you interpret it?

Well i suppose the question is about changing the limit, once you see it will net get filled, either
be it on time based on or price action (you detect a rotation going away from your limit), you
can then technically chase the price and update your limit...

The question was, can it be done ?
My answer is yes, you can modify an order, be it a limit, target or stop


Reply With Quote
The following user says Thank You to rleplae for this post:

Reply



futures io > > > Slippage and Limit Orders

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

FuturesTrader71: TBA

Elite only

Al Brooks: TBA

Elite only

Jigsaw Trading: TBA

Oct 19

RandBots: TBA

Oct 24
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
limit orders, fill rate, algotrading, backtesting, IOC orders. snusnufreak Emini Index Futures Trading 7 December 14th, 2015 06:15 PM
Limit orders that fills as market orders Bodil Elite EasyLanguage Automated Trading 7 December 10th, 2014 01:48 PM
OCO orders, set Limit and Stop Limit automatically rice0721 ThinkOrSwim 4 January 12th, 2014 12:02 PM
Is Time an important factor when market orders fill limit orders? tinus The Elite Circle 5 October 9th, 2013 08:42 AM
Converting unfilled limit orders to market orders toddma MultiCharts 1 January 14th, 2013 09:11 PM


All times are GMT -4. The time now is 02:25 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 2017-09-22 in 0.12 seconds with 31 queries on phoenix via your IP 54.198.54.142