Hi,
So this is currently the main error that keeps me at my computer at 9:30 for my auto trading.
It would be great if we could set a preference for a given broker for which WL will automatically convert a limit order to a market order if the price has moved too far in the correct direction from the limit.
WL already checks the cash available and margin available I believe before it places a trade so it has an opportunity to check this too I think.
If that were added we wouldn't need to watch at 9:30 to make sure all the triggers execute correctly.
Thanks
So this is currently the main error that keeps me at my computer at 9:30 for my auto trading.
It would be great if we could set a preference for a given broker for which WL will automatically convert a limit order to a market order if the price has moved too far in the correct direction from the limit.
WL already checks the cash available and margin available I believe before it places a trade so it has an opportunity to check this too I think.
If that were added we wouldn't need to watch at 9:30 to make sure all the triggers execute correctly.
Thanks
Rename
Which broker are you working with?
Assuming buy at limit orders, does the limit order go through if it is just above market?
1% above? 5% above? What's the cutoff?
Assuming buy at limit orders, does the limit order go through if it is just above market?
1% above? 5% above? What's the cutoff?
Both Fidelity and TDA have this safety mechanism in place.
For example a stock closed at 10 yesterday. I put in a buy at 8. The stock opens at 6. The trade won't go through because the broker will assume a fat finger given that my limit of 8 is way higher than 6.
I have to call them to see exactly what the percentage it is that will trigger the error, but the people there now don't know enough since it's the night team.
For example a stock closed at 10 yesterday. I put in a buy at 8. The stock opens at 6. The trade won't go through because the broker will assume a fat finger given that my limit of 8 is way higher than 6.
I have to call them to see exactly what the percentage it is that will trigger the error, but the people there now don't know enough since it's the night team.
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