• Home
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • 6:19am
Menu
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • 6:19am
Sister Sites
  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

How to Use Orderflow in Forex - Any Ideas? 9 replies

Collection of posts/threads from orderflow traders 0 replies

Using future orderflow, to predict spot prices 16 replies

Vidas - Orderflow 1 reply

Via indicator: trading xxxyyy via zzz 0 replies

  • Platform Tech
  • /
  • Reply to Thread
  • Subscribe
Tags: Question about OrderFlow or OrderPosting via Broker or LiqProv
Cancel

Question about OrderFlow or OrderPosting via Broker or LiqProv

  • Post #1
  • Quote
  • First Post: Edited 7:49pm Jun 24, 2015 7:34pm | Edited 7:49pm
  •  Pipologist
  • Joined May 2009 | Status: testing/trading/testing/trading... | 1,799 Posts
How are orders posted for RETAIL forex trades on the order books for market markers at brokers and/or Liquidity Providers? I need to clarify and would like to hear any experience of the contrary from institutional traders or pro scalpers.

For example:

Let's say we have an active open Buy Order at 1.12500 with a 1.12250 StopLoss and 1.12750 TakeProfit.

The 1.12250 SL is posted on the system as 1.12250 Sell Stop (which immediately becomes a market order when the Bid hits 1.12250 and filled at next available Bid).

And the 1.12750 TP is posted as 1.12750 Sell Limit (which is executed at limit or better).

Are there any brokers or LPs that do not conform to these standards?

Am I mistaken in assuming that the standing orders for StopLoss and TakeProfits are publicly posted in the case of an order through an LP, or at least sitting on a broker's order flow terminal in the case of a market maker.

The reason for the question is that I usually leave SL and TP blank with hidden execution. However I was thinking about posting superficial TP levels to give the LP/marketmaker a corresponding standing close order to work with. Even though the standing close order could be 100 or 200 pips away from the current market, at least there would be a live Stop or Limit level on their system, which they have to post for others to see (even if only internal to a market maker), which psychologically is more powerful than not having any corresponding standing close order at all. Since, as long as the order is on the system it's a commitment to fill as a Stop/Market or Limit if price goes there anytime as long as the order is still live.

Any experiences from those monitoring LP or Broker terminals regarding the above? Can anyone confirm or deny the order posting sequence above in bold please?

Any additional comments regarding this?
  • Post #2
  • Quote
  • Last Post: Jun 25, 2015 10:48pm Jun 25, 2015 10:48pm
  •  Pipologist
  • Joined May 2009 | Status: testing/trading/testing/trading... | 1,799 Posts
Can anyone confirm or deny the above please?
 
 
  • Platform Tech
  • /
  • Question about OrderFlow or OrderPosting via Broker or LiqProv
  • Reply to Thread
0 traders viewing now
Top of Page
  • Facebook
  • Twitter
About FF
  • Mission
  • Products
  • User Guide
  • Media Kit
  • Blog
  • Contact
FF Products
  • Forums
  • Trades
  • Calendar
  • News
  • Market
  • Brokers
  • Trade Explorer
FF Website
  • Homepage
  • Search
  • Members
  • Report a Bug
Follow FF
  • Facebook
  • Twitter

FF Sister Sites:

  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Forex Factory® is a brand of Fair Economy, Inc.

Terms of Service / ©2023