E-mini traders....any advice

[DblArrow]

Quote from catman:



My concern with a trailing stop, is if it doesn't get filled, .....

A stop will ALWAYS get filled, might be some slippage but will get filled.

Make 'em pretty, Chris

 

[DblArrow]

Quote from def:

..... with release 783 there is a bracket order function:

WOW, great, just found it! How do we get it moved from the drop down menu to perhaps the drop down type or a button or a hotkey or something a little more convenient?

Thanks, Chris

Is there some place to drop suggestions like this?

 

[def]

posted it here:
http://www.elitetrader.com/vb/showthread.php?s=&postid=168811#post168811

 

[version77]

Quote from def:



Create bracket orders
TWS lets you create bracket orders for buy and sell limit orders. This order type brackets a buy limit order with two automatic sell stop orders; one on the lower side to limit your losses, and one on the high side to initiate a sell order when the share price reaches your desired sell price.

Will these bracket orders let you sell only 1/2 of your order
when it hits your desired sell price? Or do you have to sell
it all?

 

[DblArrow]

Quote from def:

posted it here:
http://www.elitetrader.com/vb/showthread.php?s=&postid=168811#post168811

Thanks def, I had found that almost immiediatly after asking.

Make 'em pretty, Chris

 

[bobcathy1]

Quote from catman:



Cathy,

My concern with a trailing stop, is if it doesn't get filled, how long will it take to cancel and re-submit new order.
What I have noticed trading equities with IB, is that order cancellation was not nearly as fast as TS or Cyber. It seems so far that the best approach for me would be to enter a market order in a fast market and be ready with a limit order in a slower market. I like the simplicity of that. I appreciate all responses and opinions.

Are you placing "stop market" orders? Those should fill just as fast as a market order?
I like trailing stops because they are self adjusting. But if you find that they do not trigger, they would be useless. Just have to watch the pot closely in that case.

 

[NAZDAWG]

Catman,

I would not worry too much about slippage,, the only time when there is a significant amount of slippage is when there is some economic report or some news worthy event. I would be a little concerned if you are going through the older order routing system called TOPS,, it goes down a lot and if you sent a market order,, good luck....... the only other alternative is to use a professional platform for your trading like XTrader from TT it is the best.....


Good Luck