Improving order execution speed is a common concern among TradersPost users, especially those trading on short timeframes. Here are several key ways to optimize your execution speed:
One of the most effective ways to increase execution speed is to use bracket orders. By placing bracket orders, you can submit both entry and exit orders at the same time, reducing the time needed to submit subsequent orders. This can also help you manage your risk by automatically setting a stop loss and take profit once the trade is executed.
Order execution on TradersPost typically follows this sequence:
1. A signal is generated (e.g., from TradingView).
2. A webhook is triggered, sending the order to TradersPost.
3. TradersPost processes the order and sends it to your broker.
4. The broker executes the order on the exchange.
This process can take about 1-2 seconds, which is generally sufficient for most trading timeframes, but problematic for ultra-short timeframes like 15-second charts.
Execution speed can vary depending on the broker you use. Some brokers can execute trades within 100-200 milliseconds, while others may take over a second. Choosing a broker known for its fast turnaround times, like TradeStation, can make a significant difference.
For mean-reversion strategies or situations where you anticipate a pullback, setting limit orders well in advance can help guarantee fast execution. By placing limit orders ahead of time, the broker can execute the trade the moment the price reaches your specified level, as the order is already in place.
To increase order execution speed, use bracket orders, choose a fast broker, and consider setting limit orders in advance. These steps can help you minimize delays and take advantage of opportunities in fast-moving markets.
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