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Old 02-01-2005, 07:27 AM   #1
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Getting Bad fills on Stop Limit orders. I am not using Simulated stops. But as you can see in the Order Details, the limits are being set over 5 points away from the stop so once the stop is hit, the fills could be bad o a fast moving market. I also jave set to stop limit as default for dom. What am I doing wrong???
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Old 02-01-2005, 08:45 AM   #2
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You are doing nothing wrong. Where you are filled at is based on market conditions. Whether you have a stop with a 5 pt limit spread or a stop market, you will still experience the same fills.
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Old 02-01-2005, 09:03 AM   #3
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But normally on a long position at 90; if I have a stop limit sell order at 88 stop and 88 limit... that sell should not be filled at anything lower than 88. But if the limit is way off at 83, then it could be filled all the way down to 83. I know this is a high risk stop as the market can go through my sell stop limit without trigering and I'll be naked.
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Old 02-01-2005, 09:08 AM   #4
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Correct and correct. NT stop limit stop loss spread is hard coded.
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