The requote loop

[Shadow Trader]

A requote is the broker saying the price changed, would the client like the new one? On a platform with instant execution, the cycle can repeat: new price offered, click, price changed again, new offer.

In fast markets, three or four rounds of requotes in a row aren't unusual. Each round takes a second or two, by which point price has moved further.

That behavior isn't random. It happens when the broker's last look or price validation rejects the first attempt. The server compares the client's requested price to its current price. If the difference exceeds the allowed tolerance, it asks again.

Setting a wider deviation helps in some systems, since it gives the server room to accept. But some brokers ignore the field on instant execution accounts, so the order bounces regardless.

The loop is a symptom. A market that feels "requote-heavy" during movement means the account is set up for the broker's protection rather than the trader's speed. Switching to market execution, if available, usually ends it.

The loop also has a psychological cost. Each requote invites a second guess: is the new price still acceptable? By the third round the trade often no longer matches the original plan, and the decision turns from planned into reactive. Many of the worst entries in a journal are the ones that survived multiple requotes.

A sensible rule for instant execution accounts is to cap the retries. If the order has been requoted twice, cancel and wait for the next setup. Chasing the price through four requotes almost always ends in a poor fill on a setup that has already moved on.

How many requotes in a row is the record, and what pair was it on?