Berlin, Europe
Market Wizard
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,102
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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.
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