you dont ever want to send a halt as a limitation, why?Originally Posted by ;
A stop loss is designed to get you from your commerce at whatever price you could get.
For instance....
You are short 1 million EURUSD @ 1.3050 before NFP. You have a stop loss on the market at 1.3100, the markets currently @ 1.3075 which means you are down $2,500.
The statement is ace risk so EURUSD pops and is in 1.3150 within 1 minute.
If you've got a stop limitation (buy if ask =gt; 1.31 and less than 1.3101, therefore its a 1 pip range) and then you are probably not going to find that price as the market will trade directly through it. This means you would get an order hanging on the server waiting to be filled at 1.3100 and an unrealised loss of $10,000
a stop order would have been slipped (poorly) but you'd have gotten a price and a far better outcome...
Pretty much all brokers will have enough liquidity to satisfy the requirements of 99% of the customer base and the majority of the clients with this forum. People discuss liquidity and also the next best thing, the bud has to be greener, etc.. Since they don't understand how liquidity and matches actually get the job done.