#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?
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?
Rename
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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