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Hey guys I'm currently trading the M6E and am having some issues with liquidity. The depth is usually pretty decent, but there is just not much volume traded. I am looking to create a Market If Touched tool (if bid/ask touch, not price) and was wondering if anyone has any tools similar to this that I can take a look at for some ideas. Appreciate the help.
London Calling
Can you help answer these questions from other members on NexusFi?
Thanks @gregid but I was looking to do it as an indicator, not strategy. I've never really used chart control functions and need to figure out the best way I can manually move the entry price. I'm thinking having the indicator plot a horizontal line that I can manually move.
I know most of the code I would need to write, just feel iffy about accessing chart control for orders and being able to move a line around for entry price.
In Sierra Chart you can plot these two little lines for bid/ask so you can see which way price is leaning. It's a nice feature even on liquid markets. .
I can't, but maybe someone can do something like that for you.
Did you get anywhere with this? I am also looking to place a MIT order that is triggered only when bid/ask touch.
I'm assuming this would enter you in faster than a limit order and reduce slippage that would normally be incurred using a MIT order that is triggered when price touches.
