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Order Queue, is this correct?


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  #1 (permalink)
nourozi
New Zealand
 
Posts: 92 since Jun 2013
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Hi there,

Take a look at the linked image.

https://s11.postimg.org/s3v4bamub/Apex.jpg

Assume the market had been trading below Point A for a duration of time. Only once the market began trading above Point A ($3), would you be able to place a buy limit order at $3. Assume I place a buy limit order at Point B ($3) once the market reaches the Apex. This has given the market 5 mins to place buy limit orders before mine at $3. Another 5 minutes pass until price reaches my buy limit price at Point C. From the Apex to Point C, this has given the market 5 minutes to place buy limit orders after mine at $3.

My order should be ahead/behind 50% of buy limit orders at $3 (by the time market trades from Point A to Point C). Correct?


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  #3 (permalink)
 traderwerks   is a Vendor
 
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nourozi View Post
My order should be ahead/behind 50% of buy limit orders at $3 (by the time market trades from Point A to Point C). Correct?

No, no way to know.

Iy depends on how many orders were entered or pulled from the order book.

TT has EPIQ ( Estimated position in queue ) that while an estimate, is useful

Edit:
@nourozi You asked this question in this thread Let's close this question.


Math. A gateway drug to reality.
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  #4 (permalink)
nourozi
New Zealand
 
Posts: 92 since Jun 2013
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traderwerks View Post
No, no way to know.

Iy depends on how many orders were entered or pulled from the order book.

TT has EPIQ ( Estimated position in queue ) that while an estimate, is useful

Edit:
@nourozi You asked this question in this thread Let's close this question.

Does X-trader Simulator produce more realistic fills for limit orders than Ninjatrader Simulator engine due to EPIQ?


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Last Updated on July 6, 2013


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