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Direct MessagesDate/Time: Sat, 27 Apr 2024 17:04:38 +0000
Post From: Confused re operation of Buy/Sell Limit Orders on ChartDOM
| [2016-02-11 09:36:39] |
| User13668 - Posts: 291 |
|
I do not need any education re order types. I am just trying to understand why SC does not allow me to do what I need when I am aware of other trading platforms that do achieve my desired result (but they are inferior in numerous other ways). Can I ask this another way: Why does SC not give more options for Order Types used on the ChartDOM for instance if Stop Limit was added as a third order type that could be selected it would achieve my needs. At present you only offer Stop or Limit orders in ChartDOM. Now I know you offer the ability to turn Stop Orders into Stop Limit, but that is an 'either/or' option ie once you do this you cannot no longer select a Stop Order in ChartDOM. From my example I want to short only when price has dropped to $30 by using a form of Limit Order, so if I could use a Stop Limit (with the Limit threshold set at 0 ticks) then that would work. But I would still want to be able to place a normal Stop Order as my stop loss point (which I wouldn't be able to do as the SC configuration is now set for Stop Limit Orders to replace Stop Orders as the option in ChartDOM). In your ChartDOM defaults you have 'right click in Buy column' and 'right click in Sell column' to place a Limit Order, but these just default to placing a Market Order. So why have this option? Isn't it misleading ie easy for a trader to mistakenly click this and then be entered immediately into a trade. I know you can disable the right click, but it would add more flexibility if it could be assigned to another order type - say Stop Limit. Thanks PS: I know you don't want any more enhancement work, but for what it is worth it would offer traders greater protection if when you right click on a chart (when Chart Trade Mode is ON) if only the order types that were valid based on where the pointer is placed relative to market price were shown or the invalid ones were 'greyed out'. For instance the other s/w I referred to above will only show Sell Limit, Buy Stop and Buy Stop Limit as valid order type options when right clicking on the chart with the pointer currently above market price. This avoids inadvertently selecting a Limit Order with the pointer above market price and suddenly finding you have been placed in an at market trade. |