BuyZone - Order Entry speed questions

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alichambers
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BuyZone - Order Entry speed questions

Postby alichambers » Mon Jun 09, 2008 6:07 pm

Hi,

I'm using the BuyZone on the YM and the GBPUSD and understand the method fine - so no repeat of questions about it here :)

However, I must not be quick enough with the mouse at market open to enter a buy and a sell order, each with a TP and a SL. For the GBPUSD US Open (13:00 GMT) for example, you have seconds to enter both orders before either the LZ or SZ is triggered. The same is with the YM.

So...

How do people here actually enter their orders: custom interfaces? 3rd party software? Please be specific as I'm finding this part difficult.

Thanks,
Alex

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TheRumpledOne
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Postby TheRumpledOne » Mon Jun 09, 2008 8:01 pm

I only enter one order at a time.

Keep it simple.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby eudamonia » Tue Jun 10, 2008 1:55 am

Alex,

If you are trading the minis NinjaTrader helps tremendously with execution. You can place a Stop Limit Order at say the buy zone(if it looks like its going up) or the sell zone (if it looks like its going down). Your target, stop etc are automatically set. If the market starts going the other way then you cancel your order with a single click and place the opposing order with one more click.

Makes it much easier execution wise.

Edward
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Postby noone22 » Fri Apr 17, 2009 12:54 pm

...
Last edited by noone22 on Sat Apr 18, 2009 7:13 am, edited 1 time in total.

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Postby noone22 » Sat Apr 18, 2009 7:04 am

To continue the question about BuyZone strategy:
Do one still need to enter both buy limit order (in buy zone)
and sell limit order (in sell zone) without guessing, where the market will go
and then - sit and wait, which one will be hit first?

Or is it more wise to see, what H1, multi-meters, trend, etc are doing -
and follow the bias by entering only one order (buy or sell)?

If market is too quick to move from open into buy/sell zone - one
have chance to input one entry order during first seconds anyway,
so I'd prefer second option, but (as always) - I'm asking the question
with hope for some new tricks to be revealed.

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