There is no need to create pending orders in code.
- The pending has the slight advantage, A) you are closer to the top of the queue (filled quicker), B) there's no round trip network delay (filled quicker.)
- Don't worry about it unless you're scalping M1 or trading news.
- Humans can't watch the screen 24/7, so they use pending orders; EAs can, so no need for pending orders, have it wait until the market reaches the trigger price and just open an order.
William Roeder #:
There is no need to create pending orders in code.
There is no need to create pending orders in code.
- The pending has the slight advantage, A) you are closer to the top of the queue (filled quicker), B) there's no round trip network delay (filled quicker.)
- Don't worry about it unless you're scalping M1 or trading news.
- Humans can't watch the screen 24/7, so they use pending orders; EAs can, so no need for pending orders, have it wait until the market reaches the trigger price and just open an order.
Hi,
Thanks for the reply,
But I find working with pending order easier because my EA scan past bars and lay pending orders, if I were to check every now and then, it can be very CPU extensive.
Anyone has any idea?
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Hi All,
I need some help here.
I'm trying to detect pending order of the same price so that I will not send same PO for the same price but it is not working
here is my code