Hi All
I just to clarify kill / fill with greening scenario.
I am having trouble with unmatched back bets - so I intend to fire back bets until they are matched at around X , but only to trigger the lay bets with greening when the back bets have been matched
I intend to place a back bet at price X with greening 2 ticks away with the following conditions when triggered
I want lay bet only to be be matched if the back bet has been fully matched - so do I put the bet in with greening 2 ticks with a kill /fill 1 second away.
Is it better to place a trigger 5 x times and wait for 1 sec to rearm with an unmatched condition being 0 ? or a match bet trigger once with with a longer delay , say 5 sec as well as a back bets matched < 2
I hope this makes sense
Kill / fill
Fill or kill is a useful way to tie one bet to another. So if I have speculative orders in the market I may put them in with a long fill or kill and wait for the first part of the order to match.
If I automate though, I prefer to monitor unmatched bets and trigger a reciprocal position when they reach zero or some other condition. If you are doing this in-play you need to take account of the delay though.
If I automate though, I prefer to monitor unmatched bets and trigger a reciprocal position when they reach zero or some other condition. If you are doing this in-play you need to take account of the delay though.