Entering with a limit order vs. market order

September 18th, 2017, 10:35 AM

Just to revisit this subject with a different (but similar) question..

Is there a way to submit a limit order at the MARK price? (mid point between bid/ask)?

Or would I have to make it a function like:

"Then buy/sell this bar at ( (bid - ask)/2 ) Limit ; "

ABCTG · September 18th, 2017, 10:39 AM

djvie11,

you will likely have to code it yourself. Depending on your broker it might make sense to round the order price to the nearest tick to prevent rejections, too.

Regards,

ABCTG

djvie11

Just to revisit this subject with a different (but similar) question..

Is there a way to submit a limit order at the MARK price? (mid point between bid/ask)?

Or would I have to make it a function like:

"Then buy/sell this bar at ( (bid - ask)/2 ) Limit ; "

September 18th, 2017, 01:05 PM

ABCTG

djvie11,

you will likely have to code it yourself. Depending on your broker it might make sense to round the order price to the nearest tick to prevent rejections, too.

Regards,

ABCTG

And if it interests anyone, I found this link that proved to be helpful:
Bid-Ask Snapshot in Price Charts

Entering with a limit order vs. market order

Discussion in EasyLanguage Programming

Entering with a limit order vs. market order