Announcement
Collapse
No announcement yet.
Partner 728x90
Collapse
NinjaTrader
Why is Sell Bid and Buy Ask greyed out for ChartTrader when trading forex with IB?
Collapse
X
-
Why is Sell Bid and Buy Ask greyed out for ChartTrader when trading forex with IB?
Why is Sell Bid and Buy Ask greyed out for ChartTrader when trading forex with IB?Tags: None
-
Do you realise that if you buy at the bid and sell the ask you are the market maker. You going to earn a lot of $$$
Seriously this isn't the reason.
Comment
-
-
Hello androiduser14916,
Thank you for your response.
It is as simple as you can't submit a limit order to Buy at or above the Ask and you can't submit a limit order to sell at or below the Bid price.
Buy Bid submits a Buy limit order at the Bid price. Sell Ask submits a limit order to the Ask price.
Please let me know if you have any questions.
Comment
-
ninjatrader 7 allows you to buy ask for forex
also a coded strategy allows one to buy ask for forex too in NT8
In fact issuing limit orders to buy at ask prevents excess slippage during fast market movements. Why is it allowed for equities but not forex? It doesn't make sense at all
Comment
-
Hello androiduser14916,
Thank you for your response.
This is a specific restriction to Forex due to the spread of the instruments. There is no valid means to submit a Limit Order at the Ask price on Forex it would be rejected.
The Buy at Ask and Sell at Bid options are available for Futures and Equities trading as the spread would not be large enough to invalidate the order and the last price flucates between to the Ask and Bid prices. Consider the fact that Forex does not have a Last traded price.
Attached is a screenshot showing the NinjaTrader 8 and NinjaTrader 7 Chart Traders not displaying the Buy Ask or Sell Bid options when viewing Forex instruments on a Forex datafeed.
Please let me know if you have any questions.
Comment
-
Thanks for the reply. If the broker supports the greyed out functionality, can we ask the developer how to reenable it say using some code and script?
Thanks again.
Comment
Latest Posts
Collapse
Topics | Statistics | Last Post | ||
---|---|---|---|---|
Started by algospoke, Yesterday, 06:40 PM
|
2 responses
20 views
0 likes
|
Last Post
by algospoke
Today, 07:04 PM
|
||
Started by ghoul, Today, 06:02 PM
|
3 responses
14 views
0 likes
|
Last Post Today, 06:43 PM | ||
Started by jeronymite, 04-12-2024, 04:26 PM
|
3 responses
45 views
0 likes
|
Last Post
by jeronymite
Yesterday, 10:10 PM
|
||
Started by Barry Milan, Yesterday, 10:35 PM
|
7 responses
21 views
0 likes
|
Last Post Today, 06:16 PM | ||
Started by AttiM, 02-14-2024, 05:20 PM
|
10 responses
181 views
0 likes
|
Last Post
by jeronymite
Today, 06:11 PM
|
Comment