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Old 06-27-2007, 10:23 AM   #1
Quicktrader10
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Default Target and Stop Loss Orders on Dome

Hello, after I am in a Long (or short) trade that goes my direction, I moved my stop loss up to break even, or to my entry price. Price dropped back and touched that entry or stop loss price; however, my dome shows a loss of 1 tick plus the commission of course. This did not seem right. It seems that for stop losses, all that it takes is for price to just "touch" the stop loss price and I am taken out. Yet, for my target profit orders, it seems that price can repeatedly "touch" my price, and often has to trade through that price before my target order is filled. I understand about queues, but this seems screwy. Someone said there was a setting in NT that affected how quickly you get stopped out. Any advice? Thanks.
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Old 06-27-2007, 12:56 PM   #2
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The behaviour you experienced is exactly what you should expect.

- Stop orders are triggered once traded at
- Limit orders are filled based on FIFO, first in first out
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Old 06-27-2007, 01:14 PM   #3
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ok, thanks, but is there a way to change the settings to say, a stop LIMIT order?
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Old 06-27-2007, 02:00 PM   #4
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Yes but the limit price will be fixed 20 ticks or so from the stop price. You will experience the same behaviour.
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