Is EA's order slower than buy/sell stop order?
keen lum tham: but i wonder if EA will be slower than a normal buy stop order? i.e. will there be more slippage?
A stop becomes a market order when hit. Exactly the same.
Humans use stops and limits because they can't watch the chart 24/7. EAs can, thus they don't have to use them.
whroeder1:
A stop becomes a market order when hit. Exactly the same.
Humans use stops and limits because they can't watch the chart 24/7. EAs can, thus they don't have to use them.
It's not the same as the order is already on the server. So it depends of internet latency.
Dear all,
Goodday.
My broker increased the minimum distance to place buy stop order to 10 pips away from current price. For example, if i want to buy stop at 1.2010,i can only place buy stop order when price is below 1.2000. Sometimes price does not move below 1.2000 for me to place a buy stop order and i will miss the trade if it breaks higher in a fast manner.
I am thinking of using EA to buy when price hits 1.2010, but i wonder if EA will be slower than a normal buy stop order? i.e. will there be more slippage?
If EA is slower than a normal buy stop order, then my only choice left is to move to a new broker that does not have such ridiculous requirement of wide distance to place stop order.
Thank you all.