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Date/Time: Wed, 12 Feb 2025 21:08:38 +0000



Post From: Custom Keyboard Trading Commands (buy ref. price bid / sell ref. price ask)

[2020-11-10 23:09:01]
User414533 - Posts: 106
Hi, I have a weird question - hopefully not a dumb one. :/

I set up a custom keyboard trading command to put a buy stop/limit at the current bid (reference price) and a sell stop/limit at the ask (reference price) just for fun. Whenever I have executed that command during sim I have gotten the normal spread (buy at the ask, sell at the bid). Can you tell me what is happening here from the aspect of the software interpreting my order? Is it just ignoring my attempts at circumventing the spread because it assumes an erroneous request? I would assume it would have just caused a bunch of unfilled orders with my limit being ignored.

Should I then assume the exact same behavior under live conditions?

Is there any "advantage" setting it up this way or should the reference price be set at ask for buys and bid for sells for live trading.