It is important to note that Replikanto does not play a role in the fulfillment of orders. This responsibility falls upon the broker. Replikanto's role is to meticulously copy trades from a leader account to follower accounts. Following this copying process, exit orders are then submitted to the broker for market execution.
When exit orders are copied to follower accounts, they are submitted to the broker for market execution, but it is the broker, not Replikanto, that is responsible for order fulfillment. If an exit order is not executed even though the market price reached the order's trigger price, it is important to record the order number and contact your broker's technical support to investigate why the order was not filled. This is unusual because the price should not move beyond set orders without any execution. Additionally, consider that market dynamics, partial fills, or insufficient demand can sometimes prevent orders from filling.
While it's true that market dynamics and insufficient demand can sometimes prevent all orders at a specific price from being executed, typically the market will fill some orders while leaving others open; however, it is unusual for the price to move beyond set orders without any execution. Therefore, it's crucial to verify whether the price actually surpassed the order's trigger price or if it merely approached that price level before retracting. If the price did surpass the order's trigger, and the order was not filled, then it would be important to investigate why, potentially contacting the broker's technical support. By confirming the price movement and understanding these factors, you can better determine the cause of any unfulfilled orders.
The Follower Guard feature can help if follower accounts become out of sync due to unfilled exit orders and should also be used to take action when followers are out of sync. Be aware that using Replikanto's cross order feature can increase the chances of an order not being filled due to price variations, especially during high volatility; for setups with a hedge and a ratio value of -1, using the ATM Copy feature is recommended to help minimize order rejections, and market conditions can lead to partial fills or situations where some orders are filled and others are not.
When using Cross Order feature, where an order is copied to a follower account using a different instrument than the leader, the chance of the order not being filled on one side can increase because the prices of the two instruments, though generally correlated, can vary by a few ticks, especially during high volatility. This price variation may cause an order to be filled on one instrument and not on the other. For example, if the leader is trading NQ and a follower is trading MNQ, a stop order at 15000 might be filled for the follower if MNQ reaches 15000 but not for the leader if NQ only reaches 14999.75.
- Price Discrepancies: Even when instruments are related, their prices can diverge slightly, particularly during periods of high volatility.
- Order Fulfillment: When using the Replikanto's Cross Order feature, the order is not guaranteed to be filled on both sides. If the price reaches the order's trigger price only on the follower's instrument, then the follower's order will be filled but not the leader's..
- Volatility: High volatility increases the likelihood of price discrepancies between related instruments, making it more likely that orders will be filled on one instrument but not the other.
- Partial Fills: Market conditions can lead to partial fills or situations where some orders are filled and others are not.
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