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Description of the principles of operation of the phantom mode
Description of the principles of operation of the phantom mode
This mode allows you to bypass the broker's limitation on the number of pending orders and use their absolute minimum to deploy and support grids with any number of grid levels and with any settings.
The general principle of this mode is that only closest pending orders to the current market prices are placed (above and below) and this continues as long as the market prices are within the grid. At the same time, the entire grid can be visualized at any time using special backlight modes. You can see how this works in the video below.
In a normal situation, to fully support all types of grids simultaneously, no more than 4 pending orders will be required. In extreme settings, where the network levels of the same order type are very close to each other, more pending orders may be involved. But extra orders that go far enough beyond the nearest grid step will always be deleted in the end. At the same time, it should be taken into account that we are talking specifically about pending orders. The phantom mode does not control the current market positions, and they remain under the control of the trader and other settings of the advisor.
It is important that this mode can work correctly even with an uneven distribution of grid levels (when the step factor is used).
For the phantom mode to fully work for a selected grid, auto-restore of orders must be enabled in its settings. This setting is optional, but if it is disabled, new orders will not be placed at any levels once trading begins.
