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Date/Time: Tue, 11 Mar 2025 16:59:54 +0000



Post From: Spreadsheet System, possible to enter more trades but NOT add to existing order?

[2022-04-23 00:52:31]
j4ytr4der_ - Posts: 946
I'm working on a spreadsheet system, that sometimes gets multiple signals at different prices in the same direction. This is trading using order flow, so I would like to take all the signals. The problem is that it will ALSO add again when price gets to re-triggering an existing, working order. I'll describe a working example.

My system has a short bias and is looking for short entries. Price bounces up and triggers a signal and a short sell stop order is placed below, but not filled yet as price continues moving up. Price tops out, and begins to come down, and another signal is given, and a short order is placed and filled. Now price continues to fall, reaching the spot where the first signal was given, which causes a second order to be placed in the same place as the one that's already there. This means I get filled doubly when price passes through that order.

I hope that makes sense. I would like to be able to place as many orders as there are signals, but not place an order where one is already sitting. Can this be done in a spreadsheet?
Date Time Of Last Edit: 2022-04-23 01:56:10