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Market orders for entry on breakouts. Limit or Stop Market for other trades where I am targeting a specific price / area. A lot of my entries are Stop Market orders as I want to be carried into the trade if it moves my direction.
Sometimes I use market orders to exit at the close of a bar. Each type has a benefit and use.
depending on the situation I'll add limit orders around a previous low or high in expectation of a bounce forming a double top or bottom. Pretty popular strategy, but it limits risk.
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Stop limits for entry, and stops for exit. Occasionally, when the market is super fast, I'll use market orders for entry, just to make sure I get in on the action, but that's very rare.
Have used stop orders for entry in the past, but found the slippage too large.
Pretty new to futures and trading in general but feel I am definitely making progress, and prefer limit orders for entry, and try to avoid market orders. If I don't get filled I wait for the next set up.
A noob question for you seasoned guys, If my limit gets filled long and I am up two ticks, then order flow tells me it is probably not going any higher, why when I hit close to salavage those ticks do I generally get slipped one tick, obviously not to my favor? I'm trading treasuries and using Amp CQG.
They're all there for a reason it depends on how fast the market is moving and how agressively I want to get into the market. If I can live with some slippage market orders are fine, if not then limit orders are precise but you don't always get filled. Good and bad as with life :-)
