Support Board

Date/Time: Sat, 23 Nov 2024 12:53:29 +0000

Chart Replay fill method

[2013-07-11 19:45:41] #1 [Go To First Post]
trader1 - Posts: 128
Hi, According to the documentation below, the fill method for a limit order requires that the bid be at or above the limit on a sell or that the ask be at or below the limit price on a buy. An active trader could never be profitable if he had to buy at the ask and sell at the bid every time. Therefore, the replay or sim trades are relatively useless for active traders who trade stocks with even a moderately wide spread. Could you guys please make it possible for someone doing replays or sim trades to have the choice of having limit orders be filled midpoint or a variable amount off of the midpoint? Another reason this would be very helpful for active traders is that they could determine if their strategy was viable given various fill qualities. Thanks. ************** From the documentation: Limit orders are filled based upon the Bid and Ask prices. A Buy Limit order will only be filled when the Ask price is equal to or less than the limit price. And it will be filled at the Ask price when this condition is met. A Sell Limit order will only be filled when the Bid price is equal to or greater than the limit price. And it will be filled at the Bid price when this condition is met. ***************

To post a message in this thread, you need to log in with your Sierra Chart account: