Stop Loss and Stop Limit Orders
Stop Market Orders
Stop market orders are placed at a specific price, and if the market price reaches the order price, the order should be triggered and executed as a market order.
Market orders are filled at the best available price, which may not necessarily be the price where your Stop Market order is placed in a fast moving market. This is where slippage can play a larger role in your trading.
Stop Limit Orders
A stop limit order is a stop order which becomes a “limit order” if and when the market reaches a designated price.
Because Stop Limit orders become a Limit order if and when the market reaches the designated price, they may help reduce slippage. Limit orders are filled at the designated price or better. However, if the designated price is traded through quickly, your resting Stop Limit order may be converted to a Buy or Sell limit order that is not filled due to the order being too far back in the order queue.
Why was my Limit order not filled?
For most products, Futures contracts are filled using a FIFO (First in, First out) method. If the market traded at the price where you placed a Limit Order, but there were not enough contracts filled to reach your order, it may not be filled. ...
Why can't I see data for a specific contract/market?
Since futures contracts trade on different exchanges, please check that you have enabled, or requested your broker to enable data for any exchange you wish to view or trade. Please also be sure to check that you are using the correct symbol, and ...
Futures Offset Method (Platform vs. Statement)
Futures Offset Method (Platform vs. Statement) Due to different offset methodologies used by the platform and the daily statements, the open position showing on your platform could differ from what shows on your statement. Platform Method First ...
Can I trade Stocks or ETF's in a live account?
Edge Clear is a Futures only firm and does not offer trading on Stocks or ETF's. You are able to view other market data using a third party data source, such as DTN IQFeed.
FIFO (First In, First Out) The FIFO algorithm uses price and time as the only criteria for filling an order. In this algorithm, all orders at the same price level are filled according to time priority; the first order at a price level is the first ...