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    samer

    @samer

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    Latest posts made by samer

    • Understanding Mechanism of Buy Limit and Buy Market Orders

      Hello,

      I have two questions regarding the mechanism of buy limit and buy market orders:
      Buy-Limit Order:
      In my "next"-method of the strategy-code-part, I place a buy-limit order if certain criteria is met. The buy-price of that order might be below the low-price of that day or even above the high-price of that day.
      My Understanding: The order will be filled the following days, if the buy-price of the order lies within the high- to low-price range of the stock. Is that true?

      Buy-Market Order:
      If a buy market order is placed, is the actual buy-priceo of a the market order randomized between the high- to low-price range of that day? Or is the close-price taken?

      Thanks for clarifying in advance.

      posted in General Discussion
      S
      samer