Support Board

Date/Time: Tue, 30 Apr 2024 01:25:21 +0000

Post From: Limit chase issue- orders repeatedly cancelling

[2020-02-02 11:27:59] Link To Thread - Link To Post [Go To First Post]
T44 - Posts: 363
@user8222 are you using ParticipateDoNotInitiate? After the order is submitted, and the last trade price rises in the case of a Buy order, then the order is adjusted up by the amount the last trade price increased by, no more than the specified Set >> Max Chase for Chase Limit Orders amount. If the last trade was at bid and you join the bid with a chase, if the offer trades the limit chase price updates to the offer price, which would cross the spread. With ParticipateDoNotInitiate your order would be cancelled. It appears to work for you "sometimes" because if the last trade is at the ask when you join the bid, further ticks on the ask do not trigger an adjustment of the order - in fact it will behave as expected, staying pegged to the bid until filled.