Support Board
Date/Time: Tue, 26 Nov 2024 20:39:59 +0000
Marketable Limit Order
View Count: 1140
| [2019-05-04 13:46:52] |
| User94606 - Posts: 327 |
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How do I setup a marketable limit order for NQ, YM, RTY and ES?
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| [2019-05-05 16:41:24] |
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Not sure we understand the question. The available order types are here: Order Types Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2019-05-05 17:19:45] |
| User94606 - Posts: 327 |
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I think this is more applicable on equity trading than futures. In equities, it is a limit order below/above the bid/ask so it is executed as a market order Thanks |
| [2023-10-29 12:58:57] |
| stephane1 - Posts: 111 |
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Hi, I explain Marketable limit order ....... Marketable limit orders, once sent, will immediately give you as many shares as possible within the price range you have set. In marketable limit orders, you ask your broker to buy or sell stock for you immediately, but you specify the highest price you are willing to pay. You can ask your broker to buy 100 shares at “ask price + 5 cents”. Your broker will go to the ask and try to fill your order. Therefore, you should get filled immediately (like a market order). But, if the ask price moves up quickly before you get filled, you have already authorized your broker to buy for you at a higher price as well, up to $34.82 (ask of $34.77 + 5 cents). Therefore, your broker will try to buy 100 shares of TEVA for you at a cost of no more than $34.82. A similar example is also true for either selling or short selling on the bid. In selling on the bid, you specify the range you are willing to sell at. For example, if you ask your broker to sell at “the bid – 5 cents”, it means that you are not willing to sell at a price lower than the bid minus 5 cents. Is it possible to realize that with kind of Sierra chart orders tku SR |
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