Lot Management with Pending order

Amy · **Joined:** Sun Oct 07, 2012 3:40 am **Posts:** 13

Does not work. Lot size remains without redoction after losses.
Please check it.
Thanks

admin · **Joined:** Fri Oct 16, 2009 3:40 pm **Posts:** 451

lot management is for market orders and not for pending orders
How would you use it with pending orders? if you send a pending with a lot size of A and one second later your opened orders go south you cannot re adjust the lot size of the pending order. You will need to close all pending orders and send them again, or modify all of them with new lots. This create a level of complexity that is too difficult to manage
We will include in the next release next year the number of pending orders option, and number of loses/wins so you may be able to build the logic yourself.

Amy · **Joined:** Sun Oct 07, 2012 3:40 am **Posts:** 13

Hi,

As I understand, the purpose of lot management is to give one more degree of risk management.
In algo terms: "If you lost the last trade, reduce the lot of the next trade by x%".
Well, I don't see any difference between losing a market order trade and a pending order trade.
Or I miss something?

molanisfx · **Joined:** Tue Dec 22, 2009 12:22 am **Posts:** 1761

The issue is that lot size calculation can be done before sending the pending order and not before execution so changes on number of loses / wins between sending the pending order and its execution won't be captured

Amy · **Joined:** Sun Oct 07, 2012 3:40 am **Posts:** 13

Got it. Thanks

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Lot Management with Pending order