Support Board
Date/Time: Sat, 01 Mar 2025 01:32:57 +0000
Post From: Limit Chase Orders Inconsistent
| [2018-05-10 18:23:10] |
| User104854 - Posts: 457 |
|
I use a spreadsheet for automated entries and it seems that the limit chase function isn't consistent or perhaps I'm not understanding it. As an example, say I have a buy entry where the order is triggered when the ask is 2704.75 (on the ES, 0.25 per tick) and the bid is 2704.50. My buy entry price in cell J22 is 2704.50 for a limit order with a max chase of 0.25. It is my understanding that when these orders are triggered it should place a limit order at 2704.50 and stay there as long as the bid is there and the ask is only 1 tick above. If I am not filled and the bid moves to 2704.75 then it will chase the bid up to that price and wait for a fill. Most of the time this is exactly how it executes, however, sometimes when the order is triggered it places the limit order right on the ask. In this example it was filled at 2704.75 even though my price was 2704.50. I'm using the close of a range bar to trigger the entry and under cell J22 I'm simply putting =C4 which is the high of the bar that just closed. If I wanted an immediate fill at the ask I wouldn't use this function. Can you help? |