OmniTrader Forum OmniTrader Forum
forums calendars search
today this week
 
register logon control panel Forum Rules
You are currently browsing as a guest.
You should logon to access more features
A Self-Moderated Community - ALL MEMBERS, PLEASE READ!
Vote for Members who contribute the most to your trading, and help us moderate content within the Forums.


Only Forum Moderators, Administrators, and the owner of this message may delete it.

 
tradermike

Veteran
100
Posts: 116

Joined: 12/21/2004
Location: Folsom

User Profile
 
Subject : RE: Stop orders executed as market
Posted : 5/16/2018 5:18 PM
Post #44695 - In reply to #44693

FYI...not sure how you executed and managed the trade in general, but, if you were using a Trade Plan(?), then bear in mind there are nuances here - such as "Virtual" stops and "Broker" stops.

Virtual stops are not transmitted to the broker. But rather, they are processed by OT/VT as new data comes in. If/when your stop level is triggered inside a Trade Plan, OT will THEN transmit a market order to the broker. That is because your virtual condition is now true, and you want to take action now. (In this regard, there is no order sitting at the broker.)

On the other hand, IF you want to park an actual STOP order at the broker, then you must use that order type.
Deleting message 44695 : RE: Stop orders executed as market


Nirvana Systems
For any problems or issues please contact our Webmaster at webmaster@nirvsys.com.