Support Board
Date/Time: Tue, 26 Nov 2024 04:46:58 +0000
Post From: ICS (Intercommodity Spreads) on Sierra Chart/Teton
| [2024-01-11 17:42:59] |
| MichaelPPTF - Posts: 69 |
|
Hello, I am wondering how I can enter an ICS order. For example, if I would like to trade the NQ-RTY spread, which is a CME recognized ICS with margin deduction, how would I do this? In this example it's 1:3, so long 1 NQ and short 3 RTY. When using the spread order entry study, it is missing a critical feature which is the point value multiplier. In this example, NQ should be set to $20 and RTY should be set to $50, or tick multiplier which are $5 and $5, respectively. The spread order entry study only calculates the point difference between the two tickers, which is not very helpful, since the spread value could be at a very different level even if the point difference is the same. A quick example would be NQ=10000 while RTY=500, and NQ=15000 while RTY=2166.66. They are both at 8500, but the first spread would be at 20*10000 - 150*500 = 125,000 yet the second spread would be at 20*15000 - 150*2166.66 = -25000. Please let me know how would I go about this. I've tried quickly clicking market buy on two DOMs, but it is not ideal. The same applies for flattening the position. I understand I can flatten all from the positions window, but that window requires confirmation when "Flatten ALL" is used, and there might be other positions that I have and don't want them to be flattened. To be clear, I am with Edge Clear and using their Teton service with SC. |