weight of money as a rule condition

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derek3345
Posts: 8
Joined: Sun Sep 15, 2013 2:32 pm

Hi everyone ,great site and nice people,anyway can anyone explain to me how to use weight of money % condition to my advantage or otherwise in a new rule condition?,thanks.I noticed the weight of money amount when selecting a particular market as a total figure but how does this relate to the % in the condition,thanks again
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Euler
Posts: 26437
Joined: Wed Nov 10, 2010 1:39 pm

Weight of money is a bit different from total volume. Weight of money refers to the amount of money waiting to get matched.
derek3345
Posts: 8
Joined: Sun Sep 15, 2013 2:32 pm

so can you use it as a trigger?,thanks
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JollyGreen
Posts: 2047
Joined: Sat Mar 21, 2009 10:06 am

It is too easy for a false trigger to fire because someone or a BOT places a large order out of the main money. They then remove it but it's too late for a BOT that has already fired. There are people who actually place these false orders just to trigger BOTS.
derek3345
Posts: 8
Joined: Sun Sep 15, 2013 2:32 pm

so I need to know the best way to trigger a bot only when there is a substantial amount of money in the market,any ideas please?
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