Slippage Offset for Buy/Sell Ask/Bid Buttons

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hdo
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Joined: Mon Mar 04, 2024 5:35 pm
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Slippage Offset for Buy/Sell Ask/Bid Buttons

Post by hdo » Tue Jun 18, 2024 5:59 pm

Summary:  
I propose adding an option to set an offset for the Buy/Sell Ask/Bid buttons in Bookmap. This feature will allow traders to place orders slightly above or below the best bid or ask, improving flexibility and execution in dynamic market conditions.

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Description:  
Currently, the Buy/Sell Ask/Bid buttons execute orders at the exact ask or bid price. This can be restrictive, especially in volatile or less liquid markets. By introducing a configurable offset, traders can adjust their order prices relative to the best bid or ask, accommodating market movements and increasing the likelihood of order fills.

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Impact:  
Without the ability to set an offset, traders may find it difficult to get their orders filled during price fluctuations, impacting trading efficiency and strategy execution.

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Suggested Implementation:  
- Add a setting to the Bookmap interface that allows users to specify an offset value (positive or negative) for the Buy/Sell Ask/Bid buttons.
- This offset will adjust the execution price relative to the current best bid or ask.

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Benefits:  
- Flexibility: Provides traders with precise control over order prices.
- Improved Execution: Enhances chances of order fills in volatile market conditions.
- Efficiency: Supports strategic order placement in fast-moving or less liquid markets.