Immediate Or Cancel Order
Immediate Or Cancel (IOC) principle gets applied automatically to market orders. Consider application of the IOC principle to a conditional order. Consider a strategy which on its start creates an order and right after the order fill cancels the unfilled part (if any).
package jforex.orders2;
import com.dukascopy.api.*;
import com.dukascopy.api.IEngine.OrderCommand;
import com.dukascopy.api.util.DateUtils;
/**
* The strategy on its start creates an order and right after the order fill cancels the unfilled part
*/
public class ImmediateOrCancel2 implements IStrategy {
@Configurable("")
public Instrument instrument = Instrument.EURUSD;
private IConsole console;
private IEngine engine;
private IHistory history;
private IOrder order;
private final String label = "iocOrder";
@Override
public void onStart(IContext context) throws JFException {
engine = context.getEngine();
console = context.getConsole();
history = context.getHistory();
context.setSubscribedInstruments(java.util.Collections.singleton(instrument), true);
console.getOut().println("Start");
//price 5 pips below the last bid price
double price = history.getLastTick(instrument).getBid() - 5 * instrument.getPipValue();
order = engine.submitOrder(label, instrument, OrderCommand.BUYLIMIT, 0.01, price, 0, 0, 0);
}
@Override
public void onTick(Instrument instrument, ITick tick) throws JFException {}
@Override
public void onBar(Instrument instrument, Period period, IBar askBar, IBar bidBar) throws JFException {}
@Override
public void onMessage(IMessage message) throws JFException {
//our order just got filled AND it has an unfilled part
if(message.getOrder() == order && order.getState() == IOrder.State.FILLED
&& Double.compare(order.getRequestedAmount(), order.getAmount()) != 0){
// cancel the unfilled part
order.setRequestedAmount(0);
}
//print all order related messages
if(message.getOrder() != null){
console.getOut().println(DateUtils.format(message.getCreationTime()) + " " +message);
}
}
@Override
public void onAccount(IAccount account) throws JFException {}
//close order on stop
@Override
public void onStop() throws JFException {
if (engine.getOrder(label) != null)
engine.getOrder(label).close();
}
}
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