Support Board
Date/Time: Mon, 10 Mar 2025 22:56:03 +0000
Post From: Stops converting to Stop Limits
| [2022-04-12 21:05:51] |
| 1+1=10 - Posts: 270 |
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Hi seandunaway, Thanks for bringing up this topic. It inspired me to do some research which may help. CME has 2 types of stop orders as defined here: https://www.cmegroup.com/confluence/display/EPICSANDBOX/Order+Types+for+Futures+and+Options 1. Stop with protection -- in this version the trader is not setting a limit, so the CME decides what limit should be set. It is half of the "Globex Non-Reveiewable Ranges" as defined here: https://www.cmegroup.com/rulebook/files/588h-globex-non-reviewable-trading-ranges.xls ... In the case of the ES, this is indeed 3 points. 2. Stop limit -- in this version the trader is setting the limit. I believe SC provides the ability to exit with stop-limits rather than "stops". Thus, if you use stop-limits you should be able to choose a limit much further from the trigger price, perhaps even 100 points. Hope this helps. Date Time Of Last Edit: 2022-04-12 21:07:07
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