Thinking Stuff's ATM

Automated Trading Machine (ATM) makes it simple to remove fear and greed from your trading. Automated trading is no longer just for the rich or nerdy. Our revolutionary software runs on your computer, using your trading rules, but none of your emotions. There's just one requirement - you know how to use a mouse.  Learn more...

Thinking Stuff's ATE

Automated Trading Execution (ATE) is where we run your trading systems for you on our servers. Your system can be exported from ATM, or written in plain English and we'll make it for you. We'll even backtest and suggest improvements if you want us to. This service essentially automates your automated trading.  Learn more...

Thinking Stuff's Groups

Join a group of like-minded individuals, and help each other to trading success. Once you join a group, you will have access to that group's trading systems, ideas, and feedback. And please contribute your own knowledge as much as possible. Or contact us to start your own group.  Learn more...

PWB#3 - Getting the Bid & Ask Mixed Up

Long

Once you've set your entry price, it's the Ask price that determines if your order is taken up or not. Or if you place a Market Order, you get in at the Ask price.

Once in the trade, the Bid price determines if your Take Profit or Stop Loss is hit. Or if you Exit At Market, you exit at the Bid price.
 

Short

Once you've set your entry price, it's the Bid price that determines if your order is taken up or not. Or if you place a Market Order, you get in at the Bid price.

Once in the trade, the Ask price determines if your Take Profit or Stop Loss is hit. Or if you Exit At Market, you exit at the Ask price.

That's for currency anyway - with stocks and such the price is the price is the price. But don't forget the commission/brokerage.