Is there a benefit, to someone who scalps, to trade in one of those other windows instead of just pressing the market buy/sell buttons like I usually do? Like, can I get better prices using them somehow, or quicker fills, less slippage, etc.?
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What's the benefit of using DoMs and other windows for trade execution?
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What's the benefit of using DoMs and other windows for trade execution?
I have a live account with MBT (Forex) and recently started demoing NT. So still learning it's features. My method of trading is scalping so I buy and sell quickly using "one-click" and have a tight S/L. Usually I'm in a trade for a few seconds or a few minutes at the most. I use market orders to enter/exit my trades. But in NT there are a bunch of different windows you can trade from such as Basic order entry, DoM's, the charts, MBT Navigator, and I think a couple other places.
Is there a benefit, to someone who scalps, to trade in one of those other windows instead of just pressing the market buy/sell buttons like I usually do? Like, can I get better prices using them somehow, or quicker fills, less slippage, etc.?Tags: None
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There's no change in fill dynamics when using different order entry screens windows.
DOM offers market depth and order visualization. You might not take advantage of market depth if you're trading forex, but visualizing all your orders and having hot keys for order placement might benefit you.Ryan M.NinjaTrader Customer Service
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