How to averaging down with limit order price and lot size

ThomasSparrow
01 Sep 2023, 08:00 ( Updated at: 21 Dec 2023, 09:23 )

Select the position and press "Modify Order or Position" then enter the lot you want to modify, it has to be above what you have already purchased. If you already have 0.1 and want to increase it to 0.3 you have to enter 0.4. Please note that the entry price will be modified

justtestgull
01 Sep 2023, 08:40 ( Updated at: 21 Dec 2023, 09:23 )

RE: How to averaging down with limit order price and lot size

Tradinginanut said: 

Select the position and press "Modify Order or Position" then enter the lot you want to modify, it has to be above what you have already purchased. If you already have 0.1 and want to increase it to 0.3 you have to enter 0.4. Please note that the entry price will be modified

Thanks for the reply!, but what i mean is how to set a limit order to averaging down, not using the market price.

for example i open long position for 1 lot at price 145

after that i put 1 limit order at price 140 for 3 lot to anticipate if the price go down.

is it possible to do that? some sources said that i should create a cbot to do that.

PanagiotisChar
02 Sep 2023, 07:56

Hi there,

You cannot do this with limit orders. So you would need to write a cBot that would modify the position whenever the price reaches at the desired level