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

Limit Orders
Updated: Views / Replies:8,254 / 19
Created: by COTtrader Attachments:3

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 100,000 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

Thread Tools Search this Thread

Limit Orders

  #1 (permalink)
Elite Member
Michigan, Jackson
Futures Experience: Intermediate
Platform: NT and TS
Broker/Data: NT Continuum
Favorite Futures: ES, CL
Posts: 858 since Jul 2009
Thanks: 389 given, 548 received

Limit Orders

Using Limit Order trading only, is it fairly common for a Limit Order whose price is not crossed to get picked up sometimes, more than sometimes, often? What say ye?

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
Italy (IT)
Futures Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker/Data: Rithmic
Favorite Futures: CL, Brent, GC, TF
LukeGeniol's Avatar
Posts: 1,501 since Apr 2010
Thanks: 408 given, 978 received

Could u be more clear?



Take your Pips, go out and Live.
Reply With Quote
  #4 (permalink)
Elite Member
las vegas
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Velocity/IB
Favorite Futures: 6E
Posts: 1,147 since Feb 2010
Thanks: 304 given, 835 received

I think it's possible if someone intentionally fills it, but it's not very likely because it would result in instant profit for you and instant loss for the other person. I've never had it happen.

Reply With Quote
  #5 (permalink)
Elite Member
Madison, WI
Futures Experience: Advanced
Platform: Sierra Charts, ALT
Favorite Futures: ES
aslan's Avatar
Posts: 614 since Jan 2010
Thanks: 343 given, 1,090 received

You specifically say it does not trade thru the price, so it just depends on your position in the queue and how often it trades that price. Sometimes it trades at the price for one tick, and other times it trades there a whole bunch. In either case, why does it not go thru? Because there are a bunch of traders trying to go the other way at that price. I think the market you are trading will have a lot to do with it as well.

Reply With Quote
  #6 (permalink)
Elite Member
Futures Experience: Beginner
Platform: NinjaTrader, TOS
Posts: 798 since Jun 2009
Thanks: 109 given, 790 received

I've been seeing that on a strategy I'm testing when it trades less liquid contracts. I will need to go through time and sales to see if its a bug or if someone actualy hits all those prices.

In the back of my mind I'm wonder if "price" should not be the last transacted price but ask(where depth>n)-bid(where depth>n) on the less liquid stuff.

Reply With Quote
  #7 (permalink)
Elite Member
Futures Experience: Advanced
Platform: NT6.5
Broker/Data: DTN, Mirus/Zenfire, Berkeley
Favorite Futures: ES, DAX, 6E, CL
jerry828's Avatar
Posts: 44 since Jun 2010
Thanks: 19 given, 27 received

COTtrader View Post
Using Limit Order trading only, is it fairly common for a Limit Order whose price is not crossed to get picked up sometimes, more than sometimes, often? What say ye?

Other than what has already been pointed out in this thread, the instrument you trade has an impact on the probability to get a fill given the scenario you describe.

E.g. you will likely get filled in a thin instrument like YM given that your price is traded unless you hit a really hard pivot point, while you might end up as #2000 in the queue on the ES, and wait quite a while for a fill even if price is moving your way in an exit scenario.

Reply With Quote
  #8 (permalink)
Membership Revoked
Futures Experience: Intermediate
Platform: ninja, excel
Favorite Futures: YM, equities
darthtrader3.6's Avatar
Posts: 86 since Jan 2010
Thanks: 6 given, 46 received

Limit vs market orders have to be viewed in the context of order flow in your strategy and what you are trying to exploit..
Limit orders are highly overrated because you are straight out committing to taking the other side of order flow, other wise you just wont get filled as a fundamental property of a double auction market...
Whatever your strategy is, you should view it as EV+ to be on the right side of order flow vs eating the spread..
IMO it is only EV+ on strategies that enter when the market stalls to be on the WRONG side of order flow AND your strategy is based on exploiting the market stalling...its EV+ there because of the probability of buying the bid/selling the ask, even though most the time you don't get filled.

Reply With Quote
  #9 (permalink)
Elite Member
Futures Experience: None
Platform: -
Posts: 155 since Aug 2010
Thanks: 12 given, 74 received

you know, there are so many factors to this that it is stupid for someone to even try and give an answer.

Moderator Note
Excuse you -- trying to answer someone else's question is NEVER stupid. -- Big Mike

Reply With Quote
The following user says Thank You to cpi65 for this post:
  #10 (permalink)
Hartford, CT. USA
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AMP/CQG, Kinetick
Favorite Futures: TF
RJay's Avatar
Posts: 681 since Jun 2009
Thanks: 734 given, 750 received

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

Hi COTtrader,

I believe limit orders sit in a queue based on price and entry time at that price.

If market orders reach your position in the queue and your offer is accepted by a market order, your in, if not, you get left behind.

Most Futures Markets are single auction markets. Buyers and sellers trade directly with each other.

And Yes, I am definitely a fan of Limit Orders!!!

I use Chart trader to place limit orders. Its great for placing Limit orders directly on the price charts.

Based on support and resistance, I try to calculate where I believe to market is going.

Support and resistance areas can set boundaries for trading a channel.

Also, support and resistance areas are usually tested prior to a breakout to a trend.

I look for these points on the charts.

Limit orders allow me to place an order away from the market where I believe the market will pull back to before continuing.

When the big traders do that nasty sharp hard momentary pullback to stop out the trend traders using market orders, there is my limit order waiting. I gladly take the stop order off the market order trader's hands.

I am more than happy to play his trade for him with a much better entry.

If you believe in limit orders the way I do, don't let anyone make you believe otherwise.

Better fills allow you to use smaller stops.

So what if you miss a couple of trades because you didn't get filled.

The world will not end, and the next trading opportunity is just minutes away.

Just my opinion,


Reply With Quote
The following 6 users say Thank You to RJay for this post:


futures io > > > Limit Orders

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

September Journal Challenge (sponsored by TopstepTrader)


Battlestations! Win $947 in prizes for showing us your trading desk!


Finding Your Edge & Maximizing Returns w/Richard L Weissman

Oct 16

Similar Threads
Thread Thread Starter Forum Replies Last Post
EasyLanguage, Mulitcharts and Limit Orders nismo EasyLanguage Programming 28 April 4th, 2013 05:47 AM
ATM and Limit Orders spinnybobo NinjaTrader Programming 6 June 12th, 2010 08:06 PM
Time Breakout with limit orders rajafx1 NinjaTrader Programming 1 December 23rd, 2009 02:52 PM
Limit Orders - Proving a fill zeller4 NinjaTrader Programming 1 August 28th, 2009 03:14 AM
A little trouble with limit orders... BigDog NinjaTrader Programming 8 June 21st, 2009 07:07 PM

All times are GMT -4. The time now is 05:15 PM. (this page content is cached, log in for real-time version)

Copyright © 2018 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432,
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 2018-10-16 in 0.21 seconds with 33 queries on phoenix