Support Board
Date/Time: Mon, 25 Nov 2024 07:56:44 +0000
[User Discussion] - Market with protection orders
View Count: 242
| [2024-03-26 16:42:09] |
| GuillaumeJ - Posts: 10 |
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Hi, I would like to use Market with protection orders for my ACSIL automated trading system. As stated by the CME order types doc : https://www.cmegroup.com/confluence/display/EPICSANDBOX/Order+Types+for+Futures+and+Options#OrderTypesforFuturesandOptions-MarketOrderwithProtection A market order with a maximum accepted fill or canceled if not filled at desired price. I have the read sierra doc but could not find those order types. How to I setup those orders in ACSIL. Thanks |
| [2024-03-26 19:10:03] |
| ondafringe - Posts: 286 |
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Market-with-Protection isn't an order type. The "protective" aspect is automatically implemented by the exchange. See this thread: Attached stop order turns into stop limit order Date Time Of Last Edit: 2024-03-26 20:45:58
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| [2024-03-26 23:17:37] |
| Sierra_Chart Engineering - Posts: 17172 |
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Yes but we think this is automatically implemented.
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, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2024-03-27 09:44:30] |
| GuillaumeJ - Posts: 10 |
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Ok thank you, I read the CME doc and indeed it is automatic. So to avoid slippage with market order would it be best with Market-limit orders ? I does not clearly says what happens in case of slippage. The only explanation is about partial fills. I would like to know if the market order is not filled at the desired price, does it become limit order or get slipped like a market order ? |
| [2024-03-27 15:11:45] |
| John - SC Support - Posts: 36238 |
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You need to ask the exchange about this. We have also set this to a User Discussion, so others may give their opinions on this. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
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