Support Board
Date/Time: Mon, 10 Feb 2025 15:41:05 +0000
Post From: Where does a Triggered Limit Entry Order reside?
| [2018-01-31 01:21:10] |
| patrader - Posts: 92 |
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Re: suggestion #2, actually to keep it cleaner, rather than a separate tab ...perhaps have a second option box under the 'Set' tab. The first section being for "Stop-Limit Order Limit Offset" (exchange held orders) but then a second section underneath for "Triggered Limit Entry Order Offset" (locally held orders). Two different values for two different types of orders. I find Triggered limit entry order to be a real money saver in day to day trading. If wanting to be long as the market breaks higher it's like being the first bidder at one tick underneath the breakout price. You are as fast a bidder as the latency of your connection. You might miss the occasional trade when the market breaks and never looks back but a lot of the time you'll get the extra tick with this type of automated option. Having two choices would also put SC over NT in this area. They have one option for stop-limit. You simply change the offset value to -[whatever] instead of 0 or +[whatever] and it'll be a locally held order as compared to an exchange order. The ability to have both options at your fingertips would be ideal.
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