Creating Limit Orders below the current price
2 replies
Donkey
3 years ago #257376
I am trying to setup correctly the building blocks tab to use Limit orders only.
I would like to setup the generated limit orders for entry below the current price. I can see the formula for stop limit price that is Price Level +/- Multiplicator * Price Range.
Is there a way to alter the formula operators or any suggestion on how I can generate strategies with entries only below the current price?
tomas262
3 years ago #257411
In some cases the limit price can be calculated above the current market price. In that case limit orders are filled immediately
If you require the limit price to be always below the current price that needs to be manually defined using AlgoWizard template. Then you can let SQX generate entry conditions for such system
Donkey
3 years ago #257412
Excellent, I never explored that possibility. Thank you for your quick help, it should do the trick.
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