Day v's Night session
Posted: Sat Jul 26, 2003 12:05 am
Hi,
I am trying out another broker. At my previous broker I can use one code for day and night session stop loss orders, eg, a stop loss in CL will work in Nymex hours and in Access hours. It now appears that I need to work two stop loss orders, one for CL (Nymex day) and one for YC (Access night crude symbol). If I only place a stop loss in CL, the order is not worked during the night session.
It appears that the same situation applies in globex currencies. I need to have a stop loss order for the day session Swiss (SF) and one for the night session (S2).
Is this normal? My previous online broker was not full service, but I could still effectively say to him "buy 1 CL at 30 on stop GTC, good all sessions". Same for globex markets. My order would then just pass between day and night sessions without any intervention from myself.
damian
I am trying out another broker. At my previous broker I can use one code for day and night session stop loss orders, eg, a stop loss in CL will work in Nymex hours and in Access hours. It now appears that I need to work two stop loss orders, one for CL (Nymex day) and one for YC (Access night crude symbol). If I only place a stop loss in CL, the order is not worked during the night session.
It appears that the same situation applies in globex currencies. I need to have a stop loss order for the day session Swiss (SF) and one for the night session (S2).
Is this normal? My previous online broker was not full service, but I could still effectively say to him "buy 1 CL at 30 on stop GTC, good all sessions". Same for globex markets. My order would then just pass between day and night sessions without any intervention from myself.
damian