Scary.
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IB is down again.
- Thread starter pairtracker
- Start date
Rubbish
I'm trading with 4 other ib users in different parts of the world and none of us are having any problems.
Look at your ISP.
I'm trading with 4 other ib users in different parts of the world and none of us are having any problems.
Look at your ISP.
Quote from bjohn:
That sounds positive. Thanks. How about stops - do you use stop limit orders for stops also? Have you had any problem with your stops being honored?
Yes, I use limit orders for my stops (I profit target my forex.) I dont see stop hunting as an issue. I have tracked IB's forex data feed in comparison to Tullets Forex feed via DTNIQ and it accurately tracks the price. I dont see a Tullet price of say 118.65 and an IB price of 118.59 (when I am long, which would appear to be stop hunting.)
My fills are precise... even during news. I havent experienced slippage. Perhaps if I was trading 1 mil or greater lot sizes that might creep up, but I am not there yet with my strategy.
That's good to hear - thanks for the info. Just out of curiosity though: when I trade stocks, I use limit orders, except for stops. For stops, I use stop market orders. My reasoning is that a fast-moving price could potentially go right past a stop-limit order, and NOT stop me out - whereas a stop is mainly a defensive piece. In the sense that, if the price goes to X, i would like to be taken out of the trade, period, no matter what. With a stop limit, there is the chance that the price could go right past my get-me-out price without actually taking me out of the trade. On the other hand, I know plenty of people who prefer stop-limit orders. Do you perhaps feel that prices do not tend to move so quickly past stops in Forex, that it is not a danger? Just curious. No experience with currency trading yet.
By the way, I've heard it said that trends and patterns tend to be clearer and more reliable in currency trading, and I'm beginning to see that. I imagine that the high liquidity of the market is the reason for that.
By the way, I've heard it said that trends and patterns tend to be clearer and more reliable in currency trading, and I'm beginning to see that. I imagine that the high liquidity of the market is the reason for that.