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Hello Sudhir,
I'm not sure I'm following exactly what you are trying to do.
When the price reaches your limit price, your limit order then becomes
a market order.
If you only trade liquid markets you should almost always get filled
at your price.
best regards
foolsgold
SM> I want to have opinion of experts on this.
SM> I want to trade on daily bars. so I will input
SM> orders for tomorrow
SM> today night only. The order type I am using is STOP
SM> LIMIT. So I compute a price
SM> and if touched I want to have limit order on that
SM> price only .So if I put buy order for
SM> 101 stop limit - then once 101 is touched I want to
SM> buy at 101 only. The idea is to avoide any slippage
SM> But in real life its going to be diffcult. It is quite
SM> possible that price may touch 101 and go to
SM> 102 and then never come back to 101 at all.
SM> So what I want to know - are there any techniques
SM> to handle this kind of requirement ?
SM> If I am issuing order 1 day in advance then whats
SM> general probability that this kind of order
SM> will remain unfulfiled.
SM> Thanks in advnce.
SM> Sudhir
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