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Limit Orders In Automated Strategy
 Post subject: Limit Orders In Automated Strategy Post rating: 0   New post Posted: Fri 08 Oct, 2010, 19:43 

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Joined: Tue 21 Sep, 2010, 16:14
Posts: 3
Hello.

I have and automated strategy in which i need to place 3 limit orders at specific prices with specific amounts.

For example: Price Size
Long GBPUSD at 1.54235 with 10.000
Long EURUSD at 1.3420 with 27054
Long USDCHF at 1.00925 with 30000.5

Is there a way to confirmate I will get each those 3 orders filled, each one at their exact price before I send the orders.

I know this can be complicated.

But can that be done?

Thanks

JUAN


 
 Post subject: Re: Limit Orders In Automated Strategy Post rating: 0   New post Posted: Mon 11 Oct, 2010, 10:24 
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Joined: Fri 31 Aug, 2007, 09:17
Posts: 6139
Hello,
predict exact order market price is impossible. What concerns limit orders behavior, it's is if your given conditions are met then order will be executed at the given price. But there could be a situation when someone else before you buy at your price all amount that was available. So that a market at this point doe's not met your conditions. In this situation order will be automatically placed again with different OrderId. If this repeats more than 150 times, then order will be REJECTED.


 

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