I've been reading recently about cme' price banding. I'm sure some of us have read the few articles out there recently or have experienced it themselves.
My concern is this. I use atm strategies with nt. They have a fixed stop and profit target. The following questions are assuming I am executing my atm strats..
1. If the stop is outside the price band how will I know if my stop is rejected? Specifically regarding the chart trader function.
2. Will my entire atm including entry and profit target be rejected or stop only? Meaning if I use an atm strat to enter market, will I immediately have a position regardless of whether my stops are outside the band?
3. Apparently price banding is dynamic. So once price moves away from my previously accepted stop loss and my fixed stop loss then ends up outside of the price band, will my stop loss be cancelled?
4. Does this affect only stop losses or buy and sell stops used as profit targets?
My concern is this. I use atm strategies with nt. They have a fixed stop and profit target. The following questions are assuming I am executing my atm strats..
1. If the stop is outside the price band how will I know if my stop is rejected? Specifically regarding the chart trader function.
2. Will my entire atm including entry and profit target be rejected or stop only? Meaning if I use an atm strat to enter market, will I immediately have a position regardless of whether my stops are outside the band?
3. Apparently price banding is dynamic. So once price moves away from my previously accepted stop loss and my fixed stop loss then ends up outside of the price band, will my stop loss be cancelled?
4. Does this affect only stop losses or buy and sell stops used as profit targets?
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