Hi Vonasi,
Indeed my trading is based on M15 timeframe and I plan to use MTF with 30 seconds bars. I don’t need MTF to trade within the “indicative table”, this can be done with my strategy in its current state with M15 timeframe and no MTF whatsoever. I am to use MTF to take positions above the limits of that “indicative table”. Above the limits of that “indicative table”, IG will not accept unsplit orders, since they will need to cover these positions manually through their desk thus time requirements and so rejecting at market orders.
To be clearer if required, split orders is no fancy, but is the way to go at a certain level of capital. Important positions can scare people, people removing their positions leading to market spreads go wild. That’s the reason to split orders when dealing with “big” positions. That’s what bankers do too as a friend who worked at Exane BNP confirmed me. If the code exists my matter is only to replicate that approach with possible constraints as you exposed. Besides, I must say that on my side, I have no time constraints ans as such can work on my businesses, trading being one, as much as I want.
IG sets limits to protect themselves since when big position is required, as expressed above, they need manual relevant hedging, which requires time and that is the reason why they will reject “at market” orders. As you probably know, IG to protect themselves, takes opposed positions on markets whenever any new trader takes a position. And that’s fair, as 76% of traders lose money when trading IG CFDs. When you are part of the 24%, IG doesn’t cover your positions the same way. As when it comes to protect me, executives I deal with give me written statements that if I want to grow bigger I need to accept partial fills or use split orders, so hopefully there’s a way to code this.
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