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Targets - Stop Orders or Stop Limit Orders?

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    Targets - Stop Orders or Stop Limit Orders?

    When using a scale out strategy on the dom.... say with 3 targets... are the targets considered "Stop Orders" or "Stop Limit Orders"?

    The consideration is inthat regardto the new cancel/mod fee imposed by cme and passed thru to us by IB. A "Stop Limit Order" is native to globex while a "Stop Order" is simulated by IB... which from what i understand will not be subject to the cancel/mod fee.

    Here is a link to IB's order types :

    http://www.interactivebrokers.com/cg...le=GLOBEX.html

    Clarification would be greatly appreciated.

    Thanks

    #2
    imported post

    Limit orders.
    RayNinjaTrader Customer Service

    Comment


      #3
      imported post

      OK.. so ... since limit orders are native to the exchange, the cancel/mod fee would apply.

      Thanks

      Comment


        #4
        imported post

        Once that policy is in place, then yes.
        RayNinjaTrader Customer Service

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