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Guest David

setting stops through DAS montage/button/hotkey

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Guest David

Hi,

Does anyone have a hotkey or button programmed to create a stop loss simultaneously with a limit order?  Could you share your script?

I can't find a way to manually enter a "stop type" or "trigger price" in the montage either, so that info would be great as well.  I'm unable to type values into those fields.

 

thanks,

David

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QQ on the same, when setting up the stop, does it have to be market order, or can you set it up as limit on the bid -5 cents?

Would there be a delay or the order fulfillment that the same amount of time? The reason I am asking, in the simulator, I  notice the ECN fees are quite high, and most of my orders that are market are set from the stop orders. I haven't yet experimented with limit for my stop, but most scripts seems to be market, and just trying to understand the pros and cons. 

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you want the STOP to be a MARKET ORDER because once the price reaches your stop price you want to run away.

You can put the order to be LIMIT order but it will not guarantee you it will be filled so you can be and you will many times end up and stuck with a losing position.
Therefore it is better to count with a small slippage and accept it rather than do a LIMIT order. Sometimes the slip is big but this is the way it is.
If ECN fees are high for you, it means you are trading too big risk/positions compared to your account size.

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