Question. Why is my fill Prices above or below market?

Hmm.. I don't see any slippage in Feb or March CL. Just 1 cent spread....

What were the trade levels @Captialmanagement ? How far off are they from the prices/market you saw? And are you sure you have real time data feed?
 
Because you're not trading the front month, the bid/offer will often move in sync with the front month as the market makers move their orders.

Using the image you've attached, the last traded price is 85 but the market is now 87 bid at 88 (probably because the front month has traded higher). If you send a market order at this point you will buy at 88.

As others have stated the front month is currently Feb. If you're trading an outright strategy (not spread), you will most likely be better off in the front month due to the increased liquidity.
 
Captialmanagement said:
When I send in a market order for a buy it fills far above the current price, and when I sell it fills far below the current price.

I am assuming this is slippage, but I had no idea it was so bad.

Thanks for the help.

BTW I am only trading 1 contract.

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C manage;I dont like to sell the ask, much, its counter-trend. NOT a a prediction; you can get a good fill sometimes[sell the ask] if you sell in an uptrend.As far as '''fills far above'' on a buy, i like a generous limit order. If the trend is real super strong; i may have to enter another limit order.Wisdom is profitable to direct
 
java said:
I don't think he is that far along yet, first understand why you don't get last price.
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Or if real concerned about pennies; trade-invest in something with 7+/million av daily volume [unleveraged]........................................................especially learning
 
java said:
I don't think he is that far along yet, first understand why you don't get last price.
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Indeed... if he compares his traded price with the last price traded of a back month future, there is likely some time where the contract is not traded and the bid/ask moves away from last traded price...

So that might be the case. That's not slippage...
 
Robert Morse said:
What does %% mean?
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In this case he would would lose less %%[double digits percent] learning trading, something like ''C'' rather than CL.I was thinking about this today; when some asked one asked ''why does the market ALWAYS turn when i enter??'' Quit trading so big an elite trader said.......
 
Thank guys so far I've been paper trading trying to get down a good strategy that is based on buying when price crossed over 9 or 12 minute moving averages and selling when it crosses below. Using tda think or swim paper trading on the phone I made decent money it's just when I use advanced trader that things get squirly
 
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