To reverse the direction of an order in the follower account, you can use the Ratio copy method with a negative ratio value.
Here's how it works:
- The Ratio copy method allows you to define a ratio for each follower account, ranging from -100 to 100.
- A positive ratio will copy the order in the same direction as the leader, and increase or decrease the contract quantity.
- A negative ratio will reverse the direction of the order. For example, a buy order on the leader account becomes a sell order on the follower account.
- For instance, if you set a ratio of -1, the follower will hedge the leader's positions 1:1. So, a buy order on the leader account would result in a sell order on the follower account.
- It is recommended to use the Ratio copy method in conjunction with the ATM Copy feature when placing trades inside the NinjaTrader PC software.
- Using a ratio value of -1, the follower will hedge 1:1 the leader's positions.
- It's worth noting that when using the Replikanto's Cross Order feature, where the order is copied to the followers on a different instrument, it can increase the chances of the order not being filled on one side. This is because the two instruments may not move exactly in sync, especially during high volatility. For example, a stop order placed at a specific price on the leader may be filled on the follower, where the price reached that level, but not on the leader, where the price only approached that level.
- When using the hedge feature with a ratio of -1, order rejections can occur if the order submitted to the leader account is close to the bid/ask price, as the reversed order for the followers might end up on the wrong side of the market. Using market orders to open positions and setting stop-loss and take-profit orders a little farther from the bid/ask price may help to minimize such issues. The ATM copy feature is also recommended in such setups.
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