Chaser keeps a limit post-only order at a distance from current bid/ask.
¶ Functioning
- Places a limit order at the specified distance
Buy order price = first ask price - distance
Sell order price = first bid price + distance - If the order has not filled while the first bid/ask move, then order is replaced to match the distance
- When a market order on the other side is placed and wipes the order book enough to get to the order price, order is filled.
- If auto restart is enabled, repeat from 1
¶ Settings
Most of the settings are the same as limit form except :
- Distance
Distance is a smart input, meaning you can type an absolute distance in usd, or use percentage or ATR values.
- Chase for
Stops chasing after the distance set here is reached.
If using autorestart, the previous order is cancelled, and chaser will restart.
- Chase only in profit
Stops tracking price on the opposite side of current open position to position entry to avoid closing at a loss
- Restart chaser after fill
Restarts chaser when order is filled.
- Pause restart
Pauses restart if open position is above leverage set here
- Scale each order
Increases size of each order by the percentage set here.
⚠ Use with caution, size will increase exponentially
Example with 10% scale : Initial size is 100 contracts, 2nd order will be 110, 3rd will be 121, 133, 146, etc…
- Cap max scaled size to
Caps the maximum size of a scaled order. Proportional to account size.
- Tag mode
Stops tracking price at last filled order price.
Example : Buy chaser fills an order at 60000, distance is set to 100, next order won't be placed above 59900 (60000 - 100).
Buy order price = min(tag price, first ask price) - distance
Sell order price = max(tag price, first bid price) + distance
- Set first tag manually
Allows you to set first tag price manually. Chaser won't place orders above(for buying)/below(for selling) that price.
- Reset tag price after TP
Resets tag price when all TPs are reached. If set first tag manually is enabled, tag price resets the the initial value set manually.