BUY / SELL @ LAST / ASK / BID in automated trading
NT is great, many good featues. But in Automated Trading, there is one feature that lacks, i.e. to be able to issue LMT orders without specifying the numeric (##) price i.e. just likeone can do in the SuperDOM in the "Main Entry" tab.
In the order.txt OIF file, one ought be able to specify as follows,
ORDER TYPE 1 = LMT
LIMIT PRICE 1 = BID/LAST/ASK and not a numeric #.
In my opinion, this will complete the full automation of 'all' the features in NT that are available in non-automated version.
So based on particular market conditions, one can issue e.g.
SELL LMT @ BID ...... whatever the BID might be.
But since the fill mechanism is important, LMT orders are preferred than MKT orders; and hence my request for this feature.
Ray, please consider this as an enhacement request, would be great to have.
Thanks.
NT is great, many good featues. But in Automated Trading, there is one feature that lacks, i.e. to be able to issue LMT orders without specifying the numeric (##) price i.e. just likeone can do in the SuperDOM in the "Main Entry" tab.
In the order.txt OIF file, one ought be able to specify as follows,
ORDER TYPE 1 = LMT
LIMIT PRICE 1 = BID/LAST/ASK and not a numeric #.
In my opinion, this will complete the full automation of 'all' the features in NT that are available in non-automated version.
So based on particular market conditions, one can issue e.g.
SELL LMT @ BID ...... whatever the BID might be.
But since the fill mechanism is important, LMT orders are preferred than MKT orders; and hence my request for this feature.
Ray, please consider this as an enhacement request, would be great to have.
Thanks.
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