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Tom,
1. From my broker (TradeMaven) and from ICE - tel. 770-738-2101.
2. Limit (target) orders are held at the exchange and it should make no
difference if they are automatic or manual.
3. No, that order is held at ICE.
ICE tech supp told me that if they get a stop order from a broker, it's
converted into StopLimit order ( guaranteed fill, but not the price).
My broker suggested entering stoplimit orders as my stop orders, but
I find it impractical in my daytrading the fast moving market - it takes
more time.
Jan Philipp
----- Original Message -----
From: "Tom" <florida.broker@xxxxxxx>
To: "JHP" <jan4123@xxxxxxxxxxxxx>; <omega-list@xxxxxxxxxx>
Sent: Wednesday, December 03, 2008 7:21 AM
Subject: Re: Russ2K trading
Hi Jan,
I wasn't aware of stop orders being held on our computers for TFZ / ICE
stop orders. Thank you for mentioning it in your post. I agree that it
is a problem but also like yourself, I've noted good performance with
the Russell as compared to at least ES with the system that I am using.
The risk for me is also out weighted by the reward.
I have a couple of questions for you, or anyone else that might care to
jump in, if you don't mind.
How did you know or discover that TFZ stop orders are held on our
computers vs. ES stop orders being sent at once to the CME?
I use profit target orders generated automatically by TS 8.3, for
example sell or buy TFZ at Five handles above entry price. Do you know
if these automatically generated "profit target" orders are handled or
held in the same fashion as the Stop orders that you are speaking of?
I'm assuming the answer is yes but wanted to be sure.
Finally, When Trade Station 8.3 automatically enters these "profit
target" orders on one of my computers at the point when the original
position is created: If I shut down that particular computer, but then I
quickly log on to a different computer with TS, I see the original order
As well as a duplicate order created by the new log on. This may be a
repeat of my question above but are both of these orders still being
held on my computer?
Thanks!
Tom Brun
JHP wrote:
I switched from the Merc to ICE and the only issue I have with them is
that they don't accept
stop orders. When I set it ("synthetic stop order") it's held on my
computer and released
as market order resulting in average of 20-30 pt slippage. That
problem is made up many times
by RL's $1.00/pt value and good performance, much better for me than
ES or NQ.
Jan Philipp
----- Original Message ----- From: "Liam" <46p771v02@xxxxxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Tuesday, December 02, 2008 7:39 AM
Subject: Russ2K trading
Since leaving Russ2K trading for NQ recently, I've been wondering
where other traders wandered off to.
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