is there a way (recommended) to trigger stop orders when the bid/ask spread is appropriate even when no trade happened?
Here is the issue. I am working with a forex system, just zen-fire does not have forex (again, and can not give me time now officially when this will be open). I figured out I can move 4 of the 5 pairs I want to trade over to the forex mini futures on globex - that actually works reasonably well.
Except: noone seems to be using them. Spreads are ok, possibly because some banks take a tick more and just wrap up their forex offers.
But without trades, I may be 20 pips through my stop loss trigger by the time someone actually trades. And sadly, this seems to happen quite regular - currency pairs move forward, no trae happen, next time you watch you dont even see bid and ask on the DOM
Is there a way to get bids and asks from a strategy? This way I could actually use "virtual" stops that turn into market orders when the bid/ask goes through.
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