Can You Send Multiple Limit Orders at Once in TradersPost?
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TradersPost does not currently support batch limit orders, requiring each order to be sent as a separate request. Traders should create multiple alerts or space out orders to avoid broker rate limits, with future updates expected to improve multi-order execution.
Current Limitations on Batch Order Execution
TradersPost does not currently support sending multiple limit orders in a single webhook message. While this is a feature that may be introduced in the future, for now, each limit order must be sent as an individual request.
This means that if a strategy requires placing multiple limit orders at different price levels, each order must be created as a separate alert in TradingView or sent as an independent webhook request.
Workarounds for Placing Multiple Limit Orders
Until batch order execution is available, traders can use the following methods:
1. Create Multiple TradingView Alerts
• Each alert corresponds to a different limit order.
• For example, one alert could place an order 5% below market price, another at 10% below, and so on.
2. Space Out Order Execution
• Instead of sending multiple orders simultaneously, spread them out over multiple bars or time intervals.
• This can help avoid broker rate limits, which may reject excessive API requests sent too quickly.
3. Use Future Formula-Based Pricing (Upcoming Feature in TradersPost)
• TradersPost plans to introduce formula-based price calculations, which could allow traders to dynamically adjust order prices in webhook messages rather than sending separate alerts.
• This feature, expected next year, will help simplify placing multiple limit orders at varying price levels.
Broker Rate Limits and Best Practices
Even when sending multiple independent limit orders, traders should be mindful of broker-imposed rate limits. Many brokers restrict how many API requests can be processed per second.
• It is not recommended to send more than five limit orders per second to avoid potential rejections.
• If a strategy requires multiple orders, it’s best to stagger the requests using TradingView conditions or time-based execution.
Conclusion
TradersPost does not currently support sending multiple limit orders in a single request, but traders can work around this by creating multiple alerts or spacing out order execution. Future updates will include formula-based pricing and potential batch order execution, making multi-order strategies easier to implement.