When I use:
Never create ping with XXX Qty > YYYY.YYYYYY (where YYYY.YYYYYY is 5% of pool)
to chop up my orders, sometime I end up with multiple orders at the same price, diluting the goal of having several smaller orders. How do I force new orders to be created below the current one instead of piling up into one large effective order?
you can try to set the PING LIMIT (with ADEQUATE = TRUE) Never Create OrderType PING Over your last Order Type Price - X%
Ok I'll try that. I just hope it doesn't stop creating bids at the top of the order book when it the price moves up.
Regarding: Stop Ping creation if the number of Open Orders > XXX
I've been using this so that I don't have too many active pings at one time so I might set this to 5. However, Open Orders seems to include active pong orders in the count. It would be helpful to only limit the number of open Pings at one time.