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Re-execute order delay

This functionality allows you to add a custom delay between the Target hit / Stoploss hit event and the upcoming Re-execute order. 

You can find this setting under Advanced Settings and is visible only when Re-entry/Re-execute functionality is selected for the algo.

The delay is counted from the time the Target/Stoploss hit event has occurred ie. from the time the target or stoploss condition was met plus a default delay of 3 seconds, and NOT from the time the exit order is executed. The delay counter doesn't wait for the confirmation of the exit order execution.

PROBABLE USE CASES:

1. When a target or a stoploss hit, sometimes it takes time for the exit order to get filled and get fully executed OR sometimes when the broker's system is slow, it takes a few extra seconds for the margin to get freed up after an exit of an open position. Since re-execute orders do not wait for the exit to complete, sometimes a margin error can come up while placing the new re-execute order. If you are not trading with extra margin to account for the above scenarios, then this custom delay can add additional time before firing the re-execute order and help avoid a margin error coming for the new re-execute orders.

2. Some backtesting tools allow this custom delay to be added between exits & re-execute orders

EXAMPLES:

Example 1:

Re-execute order delay (seconds) setting: 10 secs

Re-entry method: LTP

Stoploss hit time: 12:20:55

Stoploss exit order executed at: 12:20:57

Re-execute order will be fired at: Stoploss hit time + default 3 seconds delay + Re-execute order delay

= 12:20:55 + 3 secs + 10 secs

Hence, Re-execute order will be fired at = 12:21:08

(Note in this above example the execution time of the stoploss exit order has no relevance)

Example 2:

Re-execute order delay (seconds) setting: 10 secs

Re-entry method: Candle Close

Stoploss hit time: 12:20:25

Stoploss exit order executed at: 12:20:29

Re-execute order will be fired at: Stoploss hit time + default 3 seconds delay + Re-execute order delay + Candle Close (wait till the end of the minute in which the Stoploss was hit)

= 12:20:25 + 3 secs + 10 secs + wait till the end of the minute in which the stoploss was hit

Hence, Re-execute order will be fired at = 12:21:00

(Note in this above example the execution time of the stoploss exit order has no relevance)

Example 3:

Re-execute order delay (seconds) setting: 180 secs

Re-entry method: Candle Close

Stoploss hit time: 12:20:25

Stoploss exit order executed at: 12:20:29

Re-execute order will be fired at: Stoploss hit time + default 3 seconds delay + Re-execute order delay + Candle Close (wait till the end of the minute in which the Stoploss was hit)

= 12:20:25 + 3 secs + 180 secs + wait till the end of the minute in which the stoploss was hit

Hence, Re-execute order will be fired at = 12:23:28

(Note in this above example the execution time of the stoploss exit order has no relevance)

Important points:

  1. This functionality works in both cases where Re-entry/Re-execute method setting is either LTP or Candle Close.
  2. Re-execute order delay setting get applied to both target based and stoploss based re-execute orders, and is a common setting between the two.
  3. This delay functionality works only for individual leg re-execute type entries and NOT for MTM Re-entries.