Currency futures vs Forex execution time | Forex Factory

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Currency futures vs Forex execution time

  • #1
  • First Post: Apr 27, 2019 4:08pm Apr 27, 2019 4:08pm
I was wondering how does currency future market behave during high volatility times.
For example, if i trade U/J during the nfp i will get massive slippage before my order is filled, how would futures behave in the same condition? Will your market order be executed or just ignored?
i lose money for a living
  • #2
  • Apr 27, 2019 7:00pm Apr 27, 2019 7:00pm
Quoting tylerbose
I was wondering how does currency future market behave during high volatility times. For example, if i trade U/J during the nfp i will get massive slippage before my order is filled, how would futures behave in the same condition? Will your market order be executed or just ignored?
Executed with high slippage & spread is awful. MMs withdraw positions pre- very important news and you are left there to trade with only other retailers in a thin market. Market orders get in whatever the condition at the best possible price - which could be very bad. Better to use limit orders with news and if doesn't get triggered you just forget about it.
  • #3
  • Apr 30, 2019 2:36pm Apr 30, 2019 2:36pm
Quoting sakisf
{quote} Executed with high slippage & spread is awful. MMs withdraw positions pre- very important news and you are left there to trade with only other retailers in a thin market. Market orders get in whatever the condition at the best possible price - which could be very bad. Better to use limit orders with news and if doesn't get triggered you just forget about it.
So limit orders don't get slippage?
i lose money for a living
  • #4
  • Apr 30, 2019 3:41pm Apr 30, 2019 3:41pm
Quoting tylerbose
{quote} So limit orders don't get slippage?
Nope, they get executed at price or not at all.
  • #5
  • Apr 30, 2019 3:43pm Apr 30, 2019 3:43pm
Before I compared the both especially on data times. On the exchange organized future market the gap was way higher than the OTC FX market.
  • #6
  • Apr 30, 2019 4:28pm Apr 30, 2019 4:28pm
Quoting sakisf
{quote} Nope, they get executed at price or not at all.
Doest it work for stoploss too? Like hard SL?
i lose money for a living
  • #7
  • Last Post: Apr 30, 2019 6:33pm Apr 30, 2019 6:33pm
Quoting tylerbose
{quote} Doest it work for stoploss too? Like hard SL?
No, stop loss is actually a market order so if there are no bids/sells at your price and the move is fast, you will get slipped (neg or pos). You can use stop-limit orders but execution is not guaranteed, or oco orders (i.e. limit sell at sp 2497 and limit sell at 2498. if 2497 is executed, 2498 will be canceled. If it gaps/your first limit does not enter the market and the one at 2498 gets executed, the other one is canceled). Available order types depend on provider/platform. Beware that some providers do not offer server side limit orders, you have to keep the platform on (cqg).
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