Hello

Is it possible to close an order in a PLACE_BID or PLACE_OFFER way ?
I know we can close with a preferred price, is that just a limit order or is it possible to place a bid or offer for closing an order ?

Thanks
jfwhites

Please elaborate
Please provide an example.

For orders start here:
https://www.dukascopy.com/wiki/#Orders_overview
This has subsections:
https://www.dukascopy.com/wiki/#Place_Bid
https://www.dukascopy.com/wiki/#Place_Offer
Also see wiki section Platform Manual/Order types.

Hello

OK then let me phrase it differently.
Let's say you open a LONG position on EURUSD. This can be opened using PLACE_BID or BUY_LIMIT in order to enter with a limit price . So we know that the PLACE_BID order has some advantages.
Let's say now you want to close this position. From what I see in the documentation there is only one way to close with a "preferred price" is to use
order.close(amount , price, slippage).
So can you explain what is really the expected behaviour here. Does it appear like an OFFER at the price specified or it just a limit order ?
Hope that clarifies my original question.

Thanks

No, it is immediate or rejected type of order, see more in javadocs and example in wiki:
https://www.dukascopy.com/wiki/#Close_Orders/Partial_close_by_price

Thank you

so it is immediate or cancel. good to know

Dear Support,

is there any plan to implement place bid / offers for closing purposes as well?

Please elaborate

What I mean is if there is a filled order and a strategy wants to close this order whith a place bid / offer it should work like this:
* If the order is long it should be able to place an offer at a price level.
* If the order is short it should be able to place a bid at a price level.
If bid/ask price hits this price level the order is closed or patially closed depending on the achieved volume.

The great advantage is that there is no negative slippage if this is possible.

There is no negative slippage also when you close the order with the following method:
https://www.dukascopy.com/client/javadoc/com/dukascopy/api/IOrder.html#close(double,%20double,%20double)
and set slippage to 0.

Alternative, within the current implementation of the API, is creating an opposite side BID/OFFER and merging the orders after full fill of the BID/OFFER.