Definition: Multiple limit orders submitted simultaneously with single click; user defined step increment, frequency, and stop-loss.
Example of use:
Get longwithin desired BUY ZONE [1722-1720]; exitattargeted SELL ZONE [1724-1726].
MegaLimit Order setting: step = 0.5; frequency = 4; stop = 10.
Execution: (within SuperDOM)
single click in Buy Price column at 1722 submits the following Buy Limit orders: 1722, 1721.5, 1721, 1720.5, 1720. Stop 1719.5.
single click in Sell Price column at 1724 submits the following Sell Limit orders: 1724, 1724.5, 1725, 1725.5, 1726. Stop 1726.50.
Other parameters like auto chase, reverse, and position sizing may also require consideration.
This type of order would be very helpful in trading fast moving markets like the NQ & ER2. I know from experience that Anvil, Assent LLC'sstock trading platform,has this capability. It makes a big difference! I think futures traders could benefit tremendously from this simple and effective order entry tool.
Comment