PlaceStopOrderAsync has no marketRangePips?
PlaceStopOrderAsync has no marketRangePips?
31 Oct 2017, 14:56
Hi All, dear Support,
I'm just working on a Bot using PendingOrders. To my surprise I cannot find a Parameter to define MarketRange for the Order Execution if the Stop Price was triggered?
Am I missing something or is there realy no Option for MarketRange with a StopOrder?
If no, with which maximum MarketRange is a StopOrder executed?
THX
Replies
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PanagiotisCharalampous
01 Nov 2017, 14:51
Hi Mikro,
No there isn't. That is why we are introducing Stop Limit order soon. Stop orders are executed as market orders when triggered. What you can do currently , instead of placing a Stop Order, is to keep track of the trigger price and when reached to place a market order with range. Let me know if this helps you.
Best Regards,
Panagiotis
@PanagiotisCharalampous
Mikro
01 Nov 2017, 22:01
Hi Panagiotis,
that clarifies the Orderhandling an rises another Question ;)
Are there any "Benefits" in Terms of the Precision or Speed executing a pending Order vs a Markt Order? Does the Market Maker "preallocate" the pending Order an matches it prior to the Price hitting the Stop Level?
Or in short, will I encouter a better Order Execution with pending Orders?
Thx Mikro
@Mikro
PanagiotisCharalampous
02 Nov 2017, 17:27
Hi Mikro,
No there isn't any real benefit besides the convenience of not needing to program yourself all this execution process.
Best Regards,
Panagiotis
@PanagiotisCharalampous
PanagiotisCharalampous
01 Nov 2017, 11:03
Hi Mikro,
Stop Limit orders are still not supported in cAlgo. They will be out soon.
Best Regards,
Panagiotis
@PanagiotisCharalampous