Hi!
When I was trading manually, I had some trades where
the price touches my TP (a STOP order) but didn't cross over it.
This resulted in my TP NOT getting filled and sometimes
goes to the opposite direction and hit my break even.
This was frustrating..
I called up my broker and he said that when the price
touches my stop order, there is NO guarantee that the
price will be filled. Darn!
So what I have done was to program a strategy to use
a market order to close my trade when it hits my TP.
I know this will result in slippage but I reckon
slippage can work in my advantage as well.
My logic is in the long run, the +/- of slippage will even things out.
I've done more than 30+ trades so far and
NOT once where I get filled at a BETTER price.
This sucks!
How do you guys overcome this dilemma?
ThankS! >Jim
When I was trading manually, I had some trades where
the price touches my TP (a STOP order) but didn't cross over it.
This resulted in my TP NOT getting filled and sometimes
goes to the opposite direction and hit my break even.
This was frustrating..
I called up my broker and he said that when the price
touches my stop order, there is NO guarantee that the
price will be filled. Darn!
So what I have done was to program a strategy to use
a market order to close my trade when it hits my TP.
I know this will result in slippage but I reckon
slippage can work in my advantage as well.
My logic is in the long run, the +/- of slippage will even things out.
I've done more than 30+ trades so far and
NOT once where I get filled at a BETTER price.
This sucks!
How do you guys overcome this dilemma?
ThankS! >Jim
