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Reliable Stop Loss

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  • U0000999
    replied
    Great decision, thanks!!

    P.S.: Always great support

    Leave a comment:


  • NinjaTrader_PatrickG
    replied
    There is no 100% guarantee of anything in trading. Both order types are 'reliable' in that they will operate as designed once accepted by your broker.

    You will need to weigh the benefits and drawbacks of each order type and make a decision that is best for your trading. I'd recommend trying both over several trades using the Sim101 account so you can study the behavior and any differences between the two. With that said, while the Sim101 trades will provide a close analog to live trading, it is impossible to predict with 100% certainty what will occur during live trading other than by placing live trades.

    Leave a comment:


  • U0000999
    replied
    So what's the best for reliability to use in trailing stop loss: market or limit order?

    Leave a comment:


  • NinjaTrader_ChrisSch
    replied
    Hello U0000999,

    Thank you for your note.

    A limit order is a basic order type which enters an order to buy or sell a futures contract at a specific price or better. While limit orders do not guarantee a fill, they do allow the trader to specify a price to prevent negative slippage. Unlike market orders where a trader simply chooses to buy or sell at the best price available, limit orders require a limit price to be entered.

    Please let us know if further questions come up.
    Last edited by NinjaTrader_ChrisSch; 02-13-2020, 06:52 AM.

    Leave a comment:


  • U0000999
    started a topic Reliable Stop Loss

    Reliable Stop Loss

    Hello, what is the most reliable trailing stop loss to choose: market or limit order? I mean reliability, it means to be activated anyway in every case.

    Regards

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