Pending order | Market order by EA | |
---|---|---|
Price gaps up | opened at market | may or may not open depending on how you coded it. |
loose connection | opened at market (better have TP, SL set) | No connection EA can't open. |
slow connection | opened at market | EA must wait for tick to arrive and request to return to server and process all orders placed before yours. |
wow, i totally forgot about the potential connection problems,thank you.
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Hi,in your experienced opinion/s what is safer, to place a pending(buy/sell stop) at a price level you want to open an order at, or to wait until the price gets to that point and open an order.(Is there a difference? I know that in stocks you might not get filled,but in forex i'm not sure)
I am asking from the perspective of the EA. For example,if I want to enter at 1.3400 and price suddenly jumps to 1.3440 will it make a difference if my ea placed a pending order or when price arrived at around that point it wouldve placed it?
Thanks.