Algo Studio lets you combine algos together and save it as an order type:

To test this, we will create a common algo combination and test to make sure it's working as desired.


Let's start by creating the Algo:

Launch Algo Studio
Click on top right icon to "add algo"
Give it a name, call it Joiner and give the abbrev a title of Joiner as well.
Create a Joiner, the very top algos with be a "Join" (Join Thresh 10) and it's child will be a cover (Hedge Ticks 3)
Leave both Hedge and Child as limits of the child


Use a very liquid market with recorded data to test, I suggest something like ES or CL.

On the ladder, go to settings, then algo favorites and click add and choose your Joiner algo.

This will display it on the ladder for quick deployment

click on algo, then enter an order on the best bid

wait until it fills, once fills, it should submit the cover order 3 ticks above the price you got filled at.

try this with a sell order following the same procedure.

Additionally, we will add a "lean" into the mix as the child of the cover.

go back to your algo studio, and change the hedge of the cover to be that of lean.

What will happen is once the cover order is submitted, it will include the lean logic on that cover order.  Meaning, it'll lean into the market and cross once the cross thresh is reach.

Set the parameters to a cross thresh of 10, max chase ticks 0 and on toward no change

save the algo, and send an order and wait for it to be filled.

Once filled, it will remain working until the market flips, which means it ticks up a level.  Once it flips and there is 1 remaining, the order should cross.










