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Question about order filling with a gap

  • #1
  • First Post: Sep 8, 2017 6:12am Sep 8, 2017 6:12am
Lets say i will leave my pending orders for the weekend. It is not likely but lets assume a huge move happens during the weekend and new week will start with a price that is beyond even the stop loss i put for my pending order. How will the broker most likely execute my order if at all?
  • #2
  • Sep 8, 2017 6:27am Sep 8, 2017 6:27am
That depends on the broker and the speed of the move, but I am careful not to leave large orders open over the weekend for that very reason. Most brokers would execute the order but in my experience the outcome is usually bad. It would be a good idea to research brokers a bit, so that you know which ones are (award winning) preferable and why.
Gone to a better place
  • #3
  • Sep 8, 2017 6:31am Sep 8, 2017 6:31am
Quoting smikester
That depends on the broker and the speed of the move, but I am careful not to leave large orders open over the weekend for that very reason. Most brokers would execute the order but in my experience the outcome is usually bad. It would be a good idea to research brokers a bit, so that you know which ones are (award winning) preferable and why.
this is what i fear, i have many orders pending and out of laziness i was thinking to just leave them for the weekend
  • #4
  • Sep 8, 2017 6:50am Sep 8, 2017 6:50am
Quoting Ananas
Lets say i will leave my pending orders for the weekend. It is not likely but lets assume a huge move happens during the weekend and new week will start with a price that is beyond even the stop loss i put for my pending order. How will the broker most likely execute my order if at all?
Generally there are filled at the first available price when market reopen after the week-end ... So most likely far from your initial expected entry price.
MT4/MT5 EAs/Indicators/Alerts coder
  • #5
  • Last Post: Sep 8, 2017 7:07am Sep 8, 2017 7:07am
Quoting FerruFx
{quote} Generally there are filled at the first available price when market reopen after the week-end ... So most likely far from your initial expected entry price.
and then what if the price is still beyond stop loss?? they open and close for just spread?
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