I'm planning to do automated trading - probably with mbtrading and
I have been pondering the reliability of different types of orders.
Say for instance a limit order vs a market order (which is entered when you reach the limit).
I'm thinking that a limit order is good since you won't have to worry about disconnects, and possibly better fills since you the order should be executed quicker, i.e. avoids slippage that might be incurred if you would instead place a market order?
Is that the case, or is a market order better since it eliminates the brokers possibility for "cheating" or for some reason would get filled better?
Anyone have experience regarding this?
The followup question to that is obviously - can I trust mbtrading to not do stop hunting etc? How about other brokers, in general?
Thx
I have been pondering the reliability of different types of orders.
Say for instance a limit order vs a market order (which is entered when you reach the limit).
I'm thinking that a limit order is good since you won't have to worry about disconnects, and possibly better fills since you the order should be executed quicker, i.e. avoids slippage that might be incurred if you would instead place a market order?
Is that the case, or is a market order better since it eliminates the brokers possibility for "cheating" or for some reason would get filled better?
Anyone have experience regarding this?
The followup question to that is obviously - can I trust mbtrading to not do stop hunting etc? How about other brokers, in general?
Thx
