Feature request - Limit orders
Feature request - Limit orders
16 Mar 2021, 12:51
Hello,
Currently ctrader copy is working using market orders when the provider is exiting a position. even if he is using a SL/TP limit order.
Therefore i would like to request this feature to be implemented. It will reduce slippage on the follower account and will make the follower results inline with the expected results viewed on the provider page.
The limit orders wont need to be visible for the follower, but the system should work like this in the backend.
Thank you for your time.
Please vote if you agree.
Replies
ZenScalper
16 Mar 2021, 13:10
RE:
PanagiotisCharalampous said:
Hi Bartolus,
This is not possible. When the strategy provider closes a position, then the follower needs to close the position no matter what. So a limit order is not an option. Limit orders do not offer better execution, they just give the option to reject the deal if it does not satisfy your price. We don't want that option.
Best Regards,
Panagiotis
Hello,
The idea is to copy the limit positions of the provider to exit at the same time without slippage. IF the limit order is not filled, then we can fall back to market order.
This would be on the best interest of the provider.
@ZenScalper
PanagiotisCharalampous
16 Mar 2021, 14:21
Hi Bartolus,
This will make things worse. If an order can be filled at the requested price, it will be filled regardless of being a limit order or a market order. Limit orders do not get any preferential treatment. If you plan to execute the order anyway, sending a limit order first and a market order later, you are just losing time.
Best Regards,
Panagiotis
@PanagiotisCharalampous
PanagiotisCharalampous
16 Mar 2021, 13:03
Hi Bartolus,
This is not possible. When the strategy provider closes a position, then the follower needs to close the position no matter what. So a limit order is not an option. Limit orders do not offer better execution, they just give the option to reject the deal if it does not satisfy your price. We don't want that option.
Best Regards,
Panagiotis
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