Dear all,
Goodday.
My broker increased the minimum distance to place buy stop order to 10 pips away from current price. For example, if i want to buy stop at 1.2010,i can only place buy stop order when price is below 1.2000. Sometimes price does not move below 1.2000 for me to place a buy stop order and i will miss the trade if it breaks higher in a fast manner.
I am thinking of using EA to buy when price hits 1.2010, but i wonder if EA will be slower than a normal buy stop order? i.e. will there be more slippage?
If EA is slower than a normal buy stop order, then my only choice left is to move to a new broker that does not have such requirement of wide distance to place stop order.
Thank you all.
Goodday.
My broker increased the minimum distance to place buy stop order to 10 pips away from current price. For example, if i want to buy stop at 1.2010,i can only place buy stop order when price is below 1.2000. Sometimes price does not move below 1.2000 for me to place a buy stop order and i will miss the trade if it breaks higher in a fast manner.
I am thinking of using EA to buy when price hits 1.2010, but i wonder if EA will be slower than a normal buy stop order? i.e. will there be more slippage?
If EA is slower than a normal buy stop order, then my only choice left is to move to a new broker that does not have such requirement of wide distance to place stop order.
Thank you all.