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I don't
know how liquid the GBP futures are, or whether there was a vacuum in the ask
levels, but if you're paranoid about IB then may I suggest you try NinjaTrader
as a front end. It's very fast, very flexible and has multiple autotrailing
stops amongst a host of other features.
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<A
href="">www.ninjatrader.com
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No
affiliation, just a satisfied customer.
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<FONT face="Comic Sans MS"
size=2>Andrew
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<FONT face=Tahoma
size=2>-----Original Message-----From: Carl Vanhaesendonck
[mailto:carlvan@xxxxxxxxx]Sent: Thursday, June 03, 2004 6:16
AMTo: realtraders@xxxxxxxxxxxxxxxSubject: [RT] Globex
futures and IB: auto-trailing stops and bad fillHave
some of you any experience of attaching a trailing stop to a entry
order?I am trading with Interactive Brokers and am really happy with the
quality of their platform and the fills I got until now.With an
exception though: when I attach an autotrailing stop to an entry order,
the autotrail tends to generate a bad fill, which could make me suspicious
if I was paranoid...I explain: the autotrailing stop is supposed to
generate a market order once a certain price has been touched. This is not
dangerous if you are trading liquid markets like E-mini SP or currencies
futures, which I do. But on my last trade (on GBP future mature June
contract), I was surpised: I had an autotrailing that should have been
triggered at a certain price, launching then a market order. But the
market order only came several seconds later (an eternity..!), provoking
my trailing stop-loss to worsen an additional 0.0004 pt, curiously at
the exact top of the current intraday move (it was a buy trailing
stoploss for a short entry).Have any of you advice or comment to
give ? An alternative to auto-trailing stops ? Which by the way are not
advised by IB, this is clearly mentioned in their guidelines.Thank
you for reading my postCarl
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