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Date/Time: Tue, 26 Nov 2024 06:23:12 +0000



Missing order type over FXCM FIX Trading

View Count: 1149

[2014-04-09 06:54:00]
kraut - Posts: 20
In the following, the issue is exemplified from the buy side.

Issue: A buy order >= the ASK price is rejected as invalid (order entry or modification).

After investigating with FXCM API support, we found out that FXCM supports range orders instead (i.e. a buy order with a maximum deviation of a given amount of ticks from a quoted price).

Furthermore, the possible alternative to a limit buy >= ASK would be a buy stop limit order. This order type, however, is rejected by the FXCM FIX API as well.

Question: Could you either implement range orders (as described in the FXCM FIX API implementation manual) of, even better, automatically convert a buy limit order >= ASK to the equivalent range order.

It is currently quite inconvenient that one can not conveniently enter a safe maximum buy price in a volatile market.
Date Time Of Last Edit: 2014-04-09 06:57:12
[2014-04-09 18:14:12]
Sierra Chart Engineering - Posts: 104368
This is not something we are willing to get involved with. We can only work with standard order types. Not specialized types.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing

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