- ago
#FeatureRequest

Would it be beneficial to not cancel/replace an order on each bar if an existing order with the exact same properties exist?

I am running into some trouble with TDA because I am ending up with 390+ orders on average everyday across all my strategies even though 90% of those don't end up getting filled. The problem is that I run most of my strategies on 1 minute bars and all my orders are re-created each minute even though my order hasn't changed.

Now I understand this is a feature of wealth-lab and it is intended to place and order on each bar if you want to keep the order "alive". However I was thinking it would be beneficial not to cancel and replace an existing order with the exact same parameters, also this effects your position on the book, I am always then pushed to the end of the line with this implementation. Also some brokers charge per order.

Any thoughts?
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- ago
#1
WL doesn’t cancel and replace an order whose quantity and price have not changed, it just updates the time stamp of the existing order in the order manager.
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