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up23

Interactive Broker (IB) Paper Trading Limit Fills on Forex

By up23, in Beginners Forum

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up23    10

up23
Posted

Hi, I'm wondering if anyone have any experience with not getting their limit filled even though the chart showed the price trading through the limit on the Idealpro Forex exchange on IB.

 

Will my limit order get ignored live as well? The only consistency I see is that if the bid moves all the way up to the sell limit, I get filled. But the last traded price shows that my limit price was exceeded. Is this something about the Forex market that's different from futures or stocks?

 

I have attached a screenshot. On the last 6 bars, the order line was there before the price went through it.

 

C4Ojx.png

 

Thanks!

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up23    10

up23
Posted

So the answer is that the price printed is the middle point between bid and ask, not the last traded price. The last traded price is not reported for FX.

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