Support Board
Date/Time: Thu, 23 Jan 2025 02:37:43 +0000
Post From: How to ensure the proper tick placement of an automated order entry
| [2018-11-01 00:06:27] |
| User689856 - Posts: 5 |
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I have the Trading System-Based on Alert Condition set to evaluate at bar close and I've modified it use limit orders so that say when the close price of a bar is 100.01 the limit will be placed at 100.01. This works great most of the time but sometimes when the market moves to fast the buy limit is placed at 100.02 or 100.03 as an example. Is there a way to ensure the limit order is never placed higher than the exact tick of the closed bar that triggered it to alert in the first place? So if the bar closes at 100.01 then it will not be entered higher than 100.01 even if the market moved too fast. I understand limit orders will not always be filled at the price it is set, this question is about the placement of the limit order in the first place though. |