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Forums>StrategyQuant>General Discussion>Creating Limit Orders below the current price

  • #257376 |
    Customer
    2 Posts

    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?

    #257411
    tomas262
    Administrator
    1823 Posts

    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

    #257412
    Customer
    2 Posts

    Excellent, I never explored that possibility. Thank you for your quick help, it should do the trick.

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