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Old 02-18-2007, 06:56 PM
keymoo keymoo is offline
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Re: Trading The News

notouch, so how do you set up your stop limits? Do you specify how much slippage you want to take? I've never used them and am curious to learn more. The way I understand it is, let's say the market is moving up fast. You set a buy-stop order at say 800.00 on the ER2, for example. The moment the buy-stop is triggered, the order turns into a buy-limit order at a pre-determined amount. So, if I want no more than 5 ticks slippage I would set the buy limit order to 800.50. Is that how it works?

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