Execution time of Stop orders vs Market Orders
| 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.
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
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.