Topic: Entry order
Hello,
Is there any way to modify the code to not enter the "market price" and enter with a "limited" order? This is with the aim of entering at a better price.
Thank you very much in advance.
- Popov
- Lead Developer
- Offline
Re: Entry order
When the software generates strategies, it searches for the best entry price. Sometimes this price is at a certain indicator level. However, instead of placing a Limit or Stop pending order, the software waits for the market to reach the level and then enters with a Market order.
We achieve two goals with that design:
- There is a lower number of orders and lower traffic between the MT Terminal and the server, it frees broadband for the actual executions.
- The broker doesn't know at what price you want to enter and has fewer possibilities to cheat you.
As a final result, we have the same trading capabilities but with less effort and troubles.