Is the new 'Stop Trigger Function" functional already? It seems I have some issues with it. Particularly with the ‘Market Offset’ and ‘Worst Limit’ box numbers.
Market offset
darrell
#2
It is active on demo account for all users and for live on paying members in google chrome browser only. Please be more specific to what issue you are having. We have had many people using it for weeks and it has been going great.
Market Offset is how far off the market price you want it to submit the normal nadex limit order ie if market is at 40 when the trigger price is hit on a sell and you have a offset of 10 - then you will be submitting the limit order at 30 when the trigger price is hit
Worst limit is the worst limit price you want to submit for when the trigger price is hit. ie if market is at drops quickly to say 25 - you had an offset of 10 - but with a worst limit of say 30 - then you wild be submitting the limit at 30 as at a 10 offset it would be 15 (25 market price minus 10) which would be a lower price than the worst limit. Worst limit does not mean the price you will get filled it simply means the worst limit you want to submit. The worst field is also optional and you need to understand binary pricing a bit.
Again worst limit is optional and you need to understand binary pricing to effectivley use the worst limit cell. It is easier used for those entering/exiting when underlying hits the price - ie estimate of 46x54 bid/offer - you may say offset of 10 - worst sell of say 25 if when it moves down and hits the strike it will submit a 36 sell - if it gaps moves fast news etc… - the worst limit it will submit at is 25
Hopefully this resolves the issue for you. We literally just put it out there Friday (to get it in the hand mainly of paying members quickly) and our putting up training for it this week (so everyone can learn to use it even on demo).
If you are having any technical support issues please use the help desk system above under questions - help desk in the top menu.