Dukascopy
 
  
Wiki JStore Search Login

Attention! Read the forum rules carefully before posting a topic.

    Try to find an answer in Wiki before asking a question.
    Submit programming questions in this forum only.
    Off topics are strictly forbidden.

Any topics which do not satisfy these rules will be deleted.

Post new topic Reply to topic    Pages: [ 1 ] Print view  
Why is PLACE_BID order filled at a different price than bid
jfwhites
 Post subject: Why is PLACE_BID order filled at a different price than bid Post rating: 0   New post Posted: Tue 17 Jan, 2012, 20:04 

User rating: 0
Joined: Tue 17 Jan, 2012, 19:57
Posts: 17
Hello

In my demo account, I created a PLACE_BID order as:

(From logs):
16.01.2012 22:02:39 16.01.2012 22:56:34 message BID ACCEPTED: #126497038 PLACE BID 0.01 mil. EUR/USD @ 1.26836 EXPIRES: GTC - Position #32367849

Then it is FILLED as:
16.01.2012 22:02:39 16.01.2012 22:56:34 message Order FILLED at 1.26688 USD (Parent Order #126497038 PLACE BID 0.01 mil. EUR/USD @ 1.26688 EXPIRES: GTC) - Position #32367849

My understanding is that a BID placed can only be filled at the price it is placed , so in this case the bid was placed at 1.26836 but it was filled at 1.26688

Thanks
jfwhites
 
API Support
 Post subject: Re: Why is PLACE_BID order filled at a different price than Post rating: 0   New post Posted: Wed 18 Jan, 2012, 09:36 
User avatar

User rating: ∞
Joined: Fri 31 Aug, 2007, 09:17
Posts: 6139
The order was subject to immediate execution, because the BID's open price was greater than the market price. In other words, price condition was satisfied upon order creation and since the platform does not cap positive slippage the order was immediately filled.
 
Post new topic Reply to topic      Pages: [ 1 ]  
Display posts from previous:   Sort by    

Jump to:  

cron
  © 1998-2025 Dukascopy® Bank SA
On-line Currency forex trading with Swiss Forex Broker - ECN Forex Brokerage,
Managed Forex Accounts, introducing forex brokers, Currency Forex Data Feed and News
Currency Forex Trading Platform provided on-line by Dukascopy.com