Help Center Blog Open An Account

Does Multicharts offer volume-based triggers for Stop Orders?


#1

From my mail box:

Does Multicharts offer volume-based triggers for Stop Orders?
In other words, is there a way to place a BUY/SELL Stop order that will be executed only if the existing # of lots on bid/ask is > or < than a threshold? (sort of volume trigger of the orders left on the DOM as condition to the stop to be executed.).

Or alternatively according to the # of lots filled at stop level. For example you do not want to be stopped:

a) if only 1 lot traded at the buy stop level and there are still 50 lots left to be filled on the offer or I may want to be filled only in this scenario:

b) if # X lots are being filled at buy stop level (e.g. 20 lots traded @ buy stop), then place my stop order, too


#2

Under the condition that the order is sent only when the conditions are met (so place an order that becomes activated when the conditions are met doesn’t seem possible IMO) this should be doable. The build in — Market Depth on Chart — study can serve as a guideline on how to monitor the order book.

Regards,
ABCTradingGroup