I don't know where to put this question. sorry
I am using Oanda for my broker and pretty much all my orders are limit orders.
My question is about using the bounds. I know that it specifies what price you're willing to pay and it helps in avoiding slippage
So does this mean that during news time when the infamous wide spreads come into play, I actually avoid that by setting boundss?
ex. Limit buy at 1.2000
upper 1.2005
lower 1.1995
can sometimes i get IBV meaning my limit orders was canceled.. can someone shed more light on this??
I am using Oanda for my broker and pretty much all my orders are limit orders.
My question is about using the bounds. I know that it specifies what price you're willing to pay and it helps in avoiding slippage
So does this mean that during news time when the infamous wide spreads come into play, I actually avoid that by setting boundss?
ex. Limit buy at 1.2000
upper 1.2005
lower 1.1995
can sometimes i get IBV meaning my limit orders was canceled.. can someone shed more light on this??
Working towards CME membership