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I get very little slippage. This is on ES which is very liquid. I would be wary of doing this on symbols that trade infrequently.
As I said in the original post, if you have a limit order and a stop order active at the same time, in automatic trading TradeStation sends only one of the other based upon proximity to the price.
So we mostly use this MIT order technique to avoid having both a stop order and market order active at the same time.
Bob Fulks
At 01:19 PM 12/5/2008, Ray Gurke wrote:
>I'm curious as to what the fills have been like using the pseudo MIT order compared to a limit order. I would imagine you may get as much positive slippage as negative. Limit orders are great ...except when they are the exact high/low of the bar and your order is too far down in the queue to get filled ;-) So.. I'm wondering if you prefer the MIT approach over the limit order for overall better fill prices as well as mitigating the problem of how/where the orders are stored?
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