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profitman · 02-12-2004, 06:26

Don't get the following:

Yesterday i placed an limitorder at Oanda to buy GBP/USD @ 1.9325.
Price hit a low according the Min/max of 1.9323.
The order didn't trigger.
When I asked Oanda they replyed with the following answer:

For your Buy Limit Order at 1.9325 to get hit, the Ask Price for GBP/USD must hit 1.9325. If the low was 1.9323, then the spread at that time for GBP/USD was 1.9323-27 and the Ask Price was 1.9327. For your order to be triggered the Bid price would have had to hit 1.9321 or a Bid/Ask spread of 1.9321-25.

So what they are saying is that the low on the min/max graph is the same as the bid at that time ?

Hard time believing that.

Anyone a answer to this ?

02-12-2004, 06:26	#1 (permalink)
profitman level 1 Join Date: Oct 2003 Posts: 54 Rep Power: 0	Trigger limitorder Don't get the following: Yesterday i placed an limitorder at Oanda to buy GBP/USD @ 1.9325. Price hit a low according the Min/max of 1.9323. The order didn't trigger. When I asked Oanda they replyed with the following answer: For your Buy Limit Order at 1.9325 to get hit, the Ask Price for GBP/USD must hit 1.9325. If the low was 1.9323, then the spread at that time for GBP/USD was 1.9323-27 and the Ask Price was 1.9327. For your order to be triggered the Bid price would have had to hit 1.9321 or a Bid/Ask spread of 1.9321-25. So what they are saying is that the low on the min/max graph is the same as the bid at that time ? Hard time believing that. Anyone a answer to this ?