Hello everyone,
During backtesting of a strategy, I am suddenly in doubt about the order execution because slippages can deteriorate the final performance of a strategy very much.
Now my doubt is if I want to buy a stock within a range of say 270 and 271 Rs, what I would do is place a buy limit order with trigger 270 and limit 271 for say 1000 shares.
Now what if it never got executed /got partially executed and the price stayed above 271 for a few minutes and after that the price again came to less than 271,but not as low as 270.Will the order still go on adding shares ?Or will it wait for trigger price?
Any other ideas on how to place order for a stock to be bought within a particular price range,(of course without giving multiple orders).
During backtesting of a strategy, I am suddenly in doubt about the order execution because slippages can deteriorate the final performance of a strategy very much.
Now my doubt is if I want to buy a stock within a range of say 270 and 271 Rs, what I would do is place a buy limit order with trigger 270 and limit 271 for say 1000 shares.
Now what if it never got executed /got partially executed and the price stayed above 271 for a few minutes and after that the price again came to less than 271,but not as low as 270.Will the order still go on adding shares ?Or will it wait for trigger price?
Any other ideas on how to place order for a stock to be bought within a particular price range,(of course without giving multiple orders).
