Hiding limit orders

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  • This topic has 16 replies, 5 voices, and was last updated 2 years ago by avatarJS.
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  • 01/03/2022 at 6:52 PM #184434
    Albaran

    Hi there,

    It’s all in the topic title; is there a way?

    I had thought to use the 1second timeframe but unfortunately, you need too much data – which is not supported by PRT – in order to achieve this so I’m a bit stuck..

    Can someone help me out? The idea is to avoid short/long hunters of course..

    Cheers,

    01/04/2022 at 8:24 AM #184470
    JS

    Hi @Albaran

    You can link an order (bestens) to Alerts, the order is hidden until the alert is triggered.

    Orders linked to Alerts are deleted if they have not been executed when you close the platform.

    01/07/2022 at 1:34 PM #184831
    Albaran

    My bad, I posted my topic in the wrong forum..

    It was a question for automated trading..

    01/08/2022 at 3:46 AM #184862
    PeterSt
    Albaran wrote:

    It’s all in the topic title; is there a way?

     

    Albaran wrote:

    It was a question for automated trading..

    Hi Albaran – possibly you think too difficult …

    Personally I can’t even imagine a limit order with Autotrading because it would be a kind of redundant operation; the program code would wait for a price to occur (from the one bar to the next and so on), and when it’s there it enters. This could obviously be done with a Limit order as well, but for me this would feel “out of control”.

    In the end you wouldn’t be waiting for a price to occur, but for a situation to happen. For example if a short average crosses a long average and a trend you like to see is occurring. Then enter. There are no Limit Orders anywhere and no-one would be able to see what you are heading for.

    Is this the answer you were looking for ?

    01/08/2022 at 10:50 AM #184865
    JS

    Hi @Albaran

    Example for automated trading:

    The order will be in the order book at the moment one of the conditions is triggered, till then the (limit) order is “hidden”.

    For Buy orders set the Limit below the Close (actual price)
    For Sell order set the Limit above the Close

    If you want to buy (sell) above (below) the actual price use Stop orders.

    01/08/2022 at 11:04 AM #184866
    JS

    Edit:
    If Cond2 then
    SellShort 1 Contract at Close + 2 Limit
    EndIf

    01/08/2022 at 11:14 AM #184867
    Eric

    MTF (multi timeframe) and market orders?

     

    01/08/2022 at 11:21 AM #184868
    JS

    Hi @Eric

    The question was about “Hiding Limit orders”

    01/08/2022 at 11:23 AM #184869
    PeterSt
    JS wrote:

    The order will be in the order book at the moment one of the conditions is triggered, till then the (limit) order is “hidden”.

    Actually it is a nice subject. Anyway, this is exactly what Albaran does not want. My suggestion (implied by my previous post) – copied from your example, would be like this :

    Thus

    Eric wrote:

    MTF (multi timeframe) and market orders?

    Something like that. However :

    Albaran wrote:

    I had thought to use the 1second timeframe but unfortunately, you need too much data – which is not supported by PRT

    then we’d have that issue, which seems the main issue for Albaran.

    @Albaran    , the Premium version of PRT supports 1M bars, which would be 1 month for 1 second bars.

    Summarised, when a Limit order is put on an e.g. 1 minute time frame, it can be hunted for 1 minute. 😉
    Now how to solve this ? …

    01/08/2022 at 11:24 AM #184870
    PeterSt
    JS wrote:

    The question was about “Hiding Limit orders”

    which you did not hide. Haha.

    01/08/2022 at 11:39 AM #184872
    GraHal

    Do we really think any big traders would waste time directly hunting our little Orders?

    Even if we manage to hide an Order (but still there) then when the big boys gobble up the big visible Orders then our (invisible) Order would get gobbled up at same time anyway!? 🙂

     

    1 user thanked author for this post.
    avatar PeterSt
    01/08/2022 at 11:47 AM #184874
    JS

    @PeterSt

    Do you really think your suggestion will work?

    If Cond1 then
      Buy 1 Contract at Close – 2
    EndIf

     

    01/08/2022 at 11:48 AM #184875
    PeterSt

     

    1 user thanked author for this post.
    avatar GraHal
    01/08/2022 at 11:50 AM #184876
    PeterSt
    JS wrote:

    Do you really think your suggestion will work?

    With At Market, yes. 🙂
    And decent price calculation, obviously. It’s about the gist.

    01/08/2022 at 11:56 AM #184877
    JS

    Sorry but this is total nonsense:

    If Cond1 then
        Buy 1 Contract at Close – 2 At Market
      EndIf

     

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