Limit orders ie where you place a sell above market & buy below.
NT seems to suggest order sits with exchange if I use ZenFire - so only issue on getting filled is position in queue. - is this correct.
Order is a Limit order though - which means it will fill you at this price or better. Hence you wait your turn in the queue and you possibly may never get filled. But is there a way to have a Limit order that fills at market? ie on ES if current price is 1050.00 and you have a Limit order at 1050.75 to go short, currently it will try to fill you at that price or higher. But is there a way it can fill you at Market if price has traded at 1050.75. In theory should get no worse than 1050.50 ie the BID due to liquidity in ES. I guess this is Market if Touched.
Also I noticed that I seem to get filled less often using Live data under SIM than I did when I replayed the same time period under Market Replay. Does Live data (under SIM) not use the same algorithms as Market Replay to emulate position in the queue?
NT seems to suggest order sits with exchange if I use ZenFire - so only issue on getting filled is position in queue. - is this correct.
Order is a Limit order though - which means it will fill you at this price or better. Hence you wait your turn in the queue and you possibly may never get filled. But is there a way to have a Limit order that fills at market? ie on ES if current price is 1050.00 and you have a Limit order at 1050.75 to go short, currently it will try to fill you at that price or higher. But is there a way it can fill you at Market if price has traded at 1050.75. In theory should get no worse than 1050.50 ie the BID due to liquidity in ES. I guess this is Market if Touched.
Also I noticed that I seem to get filled less often using Live data under SIM than I did when I replayed the same time period under Market Replay. Does Live data (under SIM) not use the same algorithms as Market Replay to emulate position in the queue?
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