You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
QM slips thru IB
- Thread starter sporky
- Start date
Quote from sporky:
whenever my stop loss is hit in QM i am slipped 2 ticks. i've had to lower my stop loss to make up for it cuz it seems to happen every time.
i don't have this consistent problem in ES, currencies, gold or grains. QM spread is as tight or tighter.
what's your experience?
I've traded 1000's of QM's and this is very common and has nothing to do with IB, it's just a market structure issue.
There's nothing funny going on: most of the posted bids/offers in QM are just an arb of CL, so if CL moves up or down, the QM orders will often disappear instead of trade so you'll "slip" a few ticks very often because your stop isn't even elected until it goes a few ticks past your price.
Easiest solution is trade the CL if you're doing high-frequency scalps; otherwise find a way to trigger your stops in a market-if-touched fashion or conditional on the big contract.
Quote from sporky:
with IB stop orders become market orders
thx for the info
Right, but they're not triggered until it trades at your stop price so you still have the problem I described.
Is there an IB option to trigger based on the bid/ask touching your stop price for GLOBEX based contracts?
Quote from erlewine:
Right, but they're not triggered until it trades at your stop price so you still have the problem I described.
Is there an IB option to trigger based on the bid/ask touching your stop price for GLOBEX based contracts?
Sure you can. You can do ask, bid, double ask, double bid, last and mid. I think mid might be appropriate here.