- ago
Hello,

Noob question follows :)

I've found information in the Help that the Strategy Monitor is better for intraday trading strategies. Though, when I run a strategy in the monitor, it seems to choose orders that are far from triggering. When I open the monitor, activate the strategy and then open all the lines in the Quotes window, the Quotes window shows the Trigger% of individual lines live but the triggered ones are usually not the ones selected by the Monitor to place in the broker (Binance).
Actually, the monitor has tried to create all the orders at once in the beginning but only two were created in Binance. The others were rejected due to insufficient funds (very little funding and the strategy is setup to use 45% of funds per position).
Is this OK? To me, it looks like using the Quotes for placing orders would make more sense since it would place only the orders with high Trigger%. Right now, I have 2 orders placed in the broker, waiting for being hit, while there are some 10 triggered lines in the Quotes window.

Thx
Jiri
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Cone8
 ( 4.98% )
- ago
#1
The Quotes tool is for Daily trading. You generate Stop/Limit Signals for the day and let the Quotes monitor for the triggers. It's especially useful when monitoring hundreds of instruments, like for dip-buyer-type strategies.

If you're trading intraday and the orders are too far to trigger in your opinion, simply add logic not to send the order until it's reasonably close.
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