question about filling s&p index futures at market open
- Thread starter orangelam
- Start date
You have plenty of time to fill with virtually any size, a few seconds before the stock market opens. If you get the direction right, your fill will be close or better. he he.
CannonTrading_Ilan
Sponsor
Market on open was used quite a bit back in the pit days and you would get a fill within the opening range. Now days most markets do not support market on open but some platforms will do so by sending a market order on specified times.
You can also use market on open as shown below but it will send the order exactly when the market opens, in case of the ES it will be 5 PM Central and not the "regular session" that starts at 8:30 AM central ( 6:30 AM for us on the West coast). You can send a time released order at 8:30 AM central to achieve similar results. 2nd screen shot
Screen shot below:
Feel free to try a live demo.
Unless you are only trying for a quick 1, 2, 3 points why place order right at open? Do you have some way of determining, at a high probability, the trend direction for the day?
Today, for example, small pop, then dropped, popped again higher, dropped again even lower, then trended up all the way into the close:-