Hi,
Can you help me with a code for the following order exceution strategy:
| The model would calculate the target price every min. The price calculaated by model to be rounded off to two decimal digits. The price so calculated becomes the Target Price (TP) |
| First Trade Order: If the New TP is more than Current price, BUY. If the New TP is less than Current Price than Sell If the New TP=Current Price, then we don’t trade |
| Target Price order shall be placed as well along with Buy/Sell Order which would be equal to the target price. If the target price has been met, no new order during that min. |
| At the end of every min, if the target has been met, then we go back to first trade order condition again |
| If the target has not been met during the min, then we get the new target price from the model and do the following |
| If we Sell under First Trade Order, and the new target price is less than current market price, we continue to hold the order and place a new target price order |
| If we Buy under First Trade Order, and the new target price is more than current market price, we continue to hold the order and place a new target price order |
| If we Sell under First Trade Order, and the new target price is more than current market price, we exit the current position and take a fresh Buy position (i.e. double Buy at current maret price). Also place a new target price order |
| If we Buy under First Trade Order, and the new target price is less than current market price, we exit the current order and take a fresh Sell position (i.e. double Sell at current maret price). Also place a new target price order |
| If we Buy/Sell under First Trade Order and the new target price is equal to the current market price, exit the existing trade and put no new orders |