Parent / Child Processes?
Parent / Child Processes?
20 Mar 2023, 05:22
Hi,
If I submitted a Sell Stop Order at 128.445 USDJPY (with Stop loss 10 pips @ 128.545) and a Buy Stop Order @ 128.67 on either side of the market price before a news release and the Sell Stop Order was triggered and executed just before the news release. On news release, the price jumped to 129.05 in 1 tick triggering both the Sell Stop Stop Loss and Buy Stop Order. Would the Buy Stop Order be treated as a "parent order" / 1st step process and be executed first or given priority over the SL ("child process"? or 2nd step order?) even though the Buy Stop Order was trigger LATER? OR will the system try to execute the SL first before filling the Buy Stop order?
Replies
robertt
20 Mar 2023, 10:19
( Updated at: 20 Mar 2023, 10:20 )
Hi,
Understood. Because in reality it was my real trade with another broker and they justified my "losses" by saying that the system prioritized the order opening first before cutting my stop loss. So both my orders slipped but my BUY STOP order executed and opened at e.g. 129 (and closed at the relative TP) while the SL closed at 129.3 (next best available price) even though it was triggered first. So I wanted to know if ctrader was the same.
Logically you would think it would close at 129 first then open the order at 129.3 and then close at the relative TP.
@robertt
PanagiotisChar
20 Mar 2023, 10:01
Hi robertt,
As far as I know the orders are treated independently and there is no specific order. Why does that matter for you?
Aieden Technologies
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@PanagiotisChar