Hello
I have experimented a lot of slippage lately with IB and I decided to look to enter in a trade using a Stop Limit Order. I had 3 to 6 pips on a trade based on 10 pip risk. That is more than 10%. Too much for me
I understand that I will miss some trades because price will jump above my target. Over all I should get a better entry price that will cover for those missed trades. ( my assumption)
Base on your experience. If I want to go long at 1.3038
Should I use
a) Stop @ 1.3037 Limit @ 1.3038
b) Stop @ 1.3038 Limit @ 1.3038
c) Stop @ 1.3039 Limit @ 1.3038
d) other
All input appreciated
Martin
I have experimented a lot of slippage lately with IB and I decided to look to enter in a trade using a Stop Limit Order. I had 3 to 6 pips on a trade based on 10 pip risk. That is more than 10%. Too much for me
I understand that I will miss some trades because price will jump above my target. Over all I should get a better entry price that will cover for those missed trades. ( my assumption)
Base on your experience. If I want to go long at 1.3038
Should I use
a) Stop @ 1.3037 Limit @ 1.3038
b) Stop @ 1.3038 Limit @ 1.3038
c) Stop @ 1.3039 Limit @ 1.3038
d) other
All input appreciated
Martin