Basic Taker Strategy
The BasicTakerStrategy uses market orders that consume order book liquidity. Execution closes any existing open position before opening a new one in the forecast direction. The strategy creates a long buy order when the forecast is positiv…
1 sources - 4 claims
The BasicTakerStrategy uses market orders that consume order book liquidity. Execution closes any existing open position before opening a new one in the forecast direction. The strategy creates a long buy order when the forecast is positive and a short sell order when it is negative. The article identifies the close-and-reopen execution approach as simple but imprecise.