Market Order Anytime
This feature allows Order Snipe to send a market order for a given entry, stop-loss or take-profit. This is especially useful since most exchanges only offer users limit orders for future entries, stop-losses and take-profit. When dealing in volatile markets or high volumes, this feature avoids users from having their orders skipped or unfilled.
The order types that use this feature:
- Buy/Sell Market @
- Buy/Sell Stop Market
- SL/TP (Market)
- Partial SL/TP (Market)
How Market Order Anytime Works
Many wonder how this is possible despite exchanges not allowing this feature. What Order Snipe does is client side order routing based off of user's prices hence why MetaTrader 5 is required to be running on a stable PC or VPS at all times. When a user wants a future SL or TP to be a market order, the user must use the “SL (Market)” or “TP (Market) input fields for new orders. Existing orders can have a market TP or SL added after through the Trades window.