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Author Topic: Can Gunbot be told to prestage a limit order?  (Read 374 times)

Offline bney

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Can Gunbot be told to prestage a limit order?
« on: January 05, 2021, 10:06:04 PM »
I have seen a number of times when Gunbot has set a buy point and the price touches and then retreats from that price too quickly for Gunbot to notice and send an order. This happens on both buy and sell. This results in missed opportunities as you can see in the image below where the price went through the buy line then took off upwards. This is especially true in an active pair since gunbot only looks every 30 seconds or so

If Gunbot would simply set a limit order at the price that it has set for buy and/or sell then the exchange would take care of executing the actual order. Orders are easily cancelled prior to execution so I cannot see any technical reason to not do this. Its much sloppier to be sending in market orders as slippage will occur and orders are processed in fifo order so a market order is going to sit at the back of the line behind limit orders increasing slippage

Offline Aitor

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Re: Can Gunbot be told to prestage a limit order?
« Reply #1 on: January 08, 2021, 12:50:47 AM »
I have seen a number of times when Gunbot has set a buy point and the price touches and then retreats from that price too quickly for Gunbot to notice and send an order. This happens on both buy and sell. This results in missed opportunities as you can see in the image below where the price went through the buy line then took off upwards. This is especially true in an active pair since gunbot only looks every 30 seconds or so

If Gunbot would simply set a limit order at the price that it has set for buy and/or sell then the exchange would take care of executing the actual order. Orders are easily cancelled prior to execution so I cannot see any technical reason to not do this. Its much sloppier to be sending in market orders as slippage will occur and orders are processed in fifo order so a market order is going to sit at the back of the line behind limit orders increasing slippage

What Gunbot does in spot trading is to place a limit order when conditions are met. As you said, if the price turns back very fast, maybe it can't take it.