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Renko IOG Intra Bar Generation Limit Order


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Renko IOG Intra Bar Generation Limit Order

  #1 (permalink)
jkepha
San Antonio, TX
 
Posts: 31 since Apr 2020
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Thanks Received: 6

Hello,

For entry limit orders on Renko charts, is there a work around for intrabar generation? I looked on previous posts. One mentioned that once your criteria is met, use a market order. But I don't want to use a market order. I've been missing out on probably 25 percent of my fills. I'd like to do a limit order intrabar once price is at or equals the lower bollinger band for this bar, not the next one. Any help would be appreciated! Or if you can point me in the right direction, that would be great!

Thanks you!

Jkepha

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  #2 (permalink)
SunTrader
Boca Raton, FL
 
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jkepha View Post
Hello,

For entry limit orders on Renko charts, is there a work around for intrabar generation? I looked on previous posts. One mentioned that once your criteria is met, use a market order. But I don't want to use a market order. I've been missing out on probably 25 percent of my fills. I'd like to do a limit order intrabar once price is at or equals the lower bollinger band for this bar, not the next one. Any help would be appreciated! Or if you can point me in the right direction, that would be great!

Thanks you!

Jkepha

Do you mean missing out by using limits, not market orders? Because that is often the case. A market order is always filled, always. Maybe not at the ideal price.

The right direction is the TradeStation Forum. I know BigMike probably wants you to stay here, but this subject IOG, order types, Renko bars are way beyond what you will come across around here.

I wouldn't even being able to do the topic justice by posting a synopsis of the many threads over on TradeStation related to this.

Sorry can't help more.

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