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Open Feature request MC-1759

Aggregating multiple orders for same ticker before sending them - reducing trading costs for clients

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Description

Hi,
I am automating multiple individual strategies on each stock ticker I trade. Some tickers may have 10 or more strategies applied to them. It is my understanding that each of these strategies sends a separate order to the broker. Therefore, I am required to pay commissions on each individual order even though all the orders are for the same ticker and happen at the same time.
It would be great to have MultiCharts add an option that would allow orders generated from multiple strategies to be aggregated before being sent. For example, if I have 5 strategies applied to SPY and each strategy is allocated 10 shares to trade, I would pay a $5.00 commission to trade these 50 shares. However, if there was an option to aggregate these individual orders and send them as one order for 50 shares, then my commission would be $1.00.
This would be a great way for MultiCharts to save their clients money and streamline the automated trading process. I am not a programmer, but the code required to execute orders in such a manner does not seem complex.
This would be a big help for me and others. I appreciate your consideration!

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Issue basics
  • Type of issue
    Feature request
  • Category
    Usability
  • Targeted for
    Not determined
  • Status
    Not Reviewed
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  • Type of bug
    Not triaged
  • Likelihood
    Not triaged
  • Effect
    Not triaged
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  • Severity
    Critical
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