Using StopOrder with current ASK, BID

jjpark78
17 Oct 2017, 18:37

RE:

jjpark78 said:

Hi. 

can i place a stop order has current Bid (when order is Sell Stop) or Ask(when order is Buy Stop) of StopPx ?

so order will be filled immediately

 

I know if i use MarketOrderSingle then i cannot control slippage.

so i want to server execute my order exactly at the price.

 

or is there a other way make slippage zero ?

 

 

 

 

 

 

i mean MarketORderSingle with Market Type Order. 

PanagiotisCharalampous
18 Oct 2017, 09:28

Hi jjpark78,

You could use a limit order with the current price as Price. If there is available liquidity at that price, the order will be executed. If not, it will be rejected. Limit orders do not have slippage.

Best Regards,

Panagiotis

ales.sobotka@gmail.com
08 Dec 2017, 00:39

Hi Panagioti,

If I am correct Limit Orders and Stop Orders are used in basically opposite market conditions so one cannot just use Limit orders instead of Stop Orders, right ? 

Thanks, Ales

Spotware
18 Dec 2017, 12:27

Hi Ales,

We have a good explanation on the types of pending orders and when to use them here.

Best Regards,

Panagiotis