In a trading strategy that uses limit orders, it is desirable to cancel open orders that did not get filled as price moves away from the trigger point.
I did not see a trading related token to do this.
How can this be accomplished?
Thanks.
In a trading strategy that uses limit orders, it is desirable to cancel open orders that did not get filled as price moves away from the trigger point.
I did not see a trading related token to do this.
How can this be accomplished?
Thanks.
Hi Mickster - what you described here is exactly what I'm looking to do. Setting something up in RTL where a limit order cancels after either working for a certain period of time (5 seconds, 10 seconds, etc.) without getting filled, or if prices moves away from it an x-amount of ticks.
Were you able to figure this out?
I just figured out that the system can handle cancel orders. See attached image.
You can then build a signal to trigger that cancel order.
This concerns only live trading, or live simulated trading... not backtest.
+1