Brokers to trade IWM GDX

[mingpan.lam]

Hi all,

I have been following GDX robots for half year and using IB MKT order to enter at open.
Most of the time, I can't get a open price. For example, yesterday, I opened a short @54.31 while the open price is 54.34. What is your experience with IB or other brokers? Are you using MKT order?

Cheers,

Ellis

[Billy]

Hi all,

I have been following GDX robots for half year and using IB MKT order to enter at open.
Most of the time, I can't get a open price. For example, yesterday, I opened a short @54.31 while the open price is 54.34. What is your experience with IB or other brokers? Are you using MKT order?

Cheers,

Ellis

Ellis,
We use the official Yahoo Finance opening price as a reference for the robot’s track record.
Orders should be entered at market. But it is true that actual execution may vary by a few cents in real life. For opening market prices, it is first come first served. The earliest you enter your market order, the more chances to have execution exactly at the official open price.
Billy

[roberto.giusto]

I opened a short @54.31 while the open price is 54.34. What is your experience with IB or other brokers? Are you using MKT order?

Ellis

Same broker, same fill!

I believe that 54.31 is not a bad fill after all.

[Adriano]

Hi all,

I have been following GDX robots for half year and using IB MKT order to enter at open.
Most of the time, I can't get a open price. For example, yesterday, I opened a short @54.31 while the open price is 54.34. What is your experience with IB or other brokers? Are you using MKT order?

Cheers,

Ellis

Ellis,

With IB, select OPG as Time in Force, you will get the Open price. http://www.interactivebrokers.com/do...rNotes2006.pdf

Adriano