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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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That's exactly how it works.