Conditional Orders

Conditional Orders

This document details the conditional order framework provided by Jackrabbit Relay.

A Conditional order is an order where only the buying oder is given. The order provides the take profit (pips or percentage) and stop loss (pips or percentage) by which Oliver Twist will manage the order.

Conditional Payload Synopsis

Along with the various required order information, conditional orders have the following elements.

Property Name	Description
Conditional	This is what tells the system that THIS order is conditional.
ConditionalOneShot	This item tell Relay that only ONE position is allowed for this assest.
EnforceFIFO	Required if you want to sell individual trades in an unbounded grid style technique. Forex ONLY.
Direction	Long/Short. You must exlicitly tell Oliver Twist which way you want this trade to go.
SellAction	How should this asset be managed? Close will sell ALL trades in this position.
TakeProfit	The desired take profit, eith as pips ("5p"), percentage ("1%"), or and absolute price ("9.49875").
StopLoss	The desired stop loss in the same format as take profit (pips, percentage, absolute price).

Example Conditional Order

Here is what a conditional order ayload would look link. Comment and Link are not required, but very helpful, especially in tracing issues.

Example for a cryprocurreny exchange

{
  "Comment1","Standard order information",
  "Action":"Buy",
  "Exchange":"kucoin",
  "Account":"MAIN",
  "Asset":"BTC/USDT",
  "USD":"20",
  "RemapSymbol":"Yes",
  "Link":"https://www.tradingview.com/chart/L0ejIBsJ/",
  "Comment1":"Conditional order entries",
  "Conditional":"Yes",
  "Direction":"Long",
  "SellAction":"Sell",
  "TakeProfit":"1%",
  "StopLoss":"20%",
  "Identity":"YourIdentityString"
}

Example for OANDA

{
  "Comment1","Standard order information",
  "Action":"Buy",
  "Exchange":"oanda",
  "Account":"FrenchVanilla",
  "Asset":"EURUSD",
  "Units":"-1",
  "RemapSymbol":"Yes",
  "Link":"https://www.tradingview.com/chart/L0ejIBsJ/",
  "Comment1":"Conditional order entries",
  "Conditional":"Yes",
  "EnforceFIFO":"Yes",
  "Direction":"Short",
  "SellAction":"Sell",
  "TakeProfit":"5p",
  "StopLoss":"161p",
  "Identity":"YourIdentityString"
}