I think it would be really nice to have a set of functions that could do complex orders.
eg. a limit buy combined with a stop loss order 2 points below the limit buy price, or a limit stop order where trading on potential break outs becomes more effective.
Currently Zorro's trade management algo uses market order - which is quite ineffective to implement a day-trading strategy where good price execution and usage of limit orders play huge roles in managing trades and risks....
Would be really nice to have functions to submit these types of orders to brokers.
Re: Suggestion for Future Updates - Complex Order System
[Re: ChrisCZZZ]
#475082 11/22/1804:2511/22/1804:25
I’m using IB as my broker, I know how to submit a limit buy/sell entry order. But could you give me an example of how to submit a limit stop order please? Appreciate your help. I read through the manual and know there is a set limit command but not sure how to use it...