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Date/Time: Sun, 22 Dec 2024 05:08:42 +0000



Post From: OCO order with CQG (AMPFutures)

[2015-07-13 15:45:33]
User35525 - Posts: 181
Thanks, to clarify my question was about what happens before a position is entered. Is this understanding correct?

Bracket OCO at CTS:
-a- parent order Limit Chase BUY order, with 10 tick max.
-b- child MIT order for take profit.
-c- child STP order for stop loss.

1) I'd use a market order for the parent if I could, but CTS apparently doesn't allow that for the parent portion. But I can instead use chase to chase the market until it finally gets me in? (up to 10 ticks max if I set that)

2) SC moves the entire bracket (all 3 orders) until the working orders gets me a real position, or until my 10-tick maximum chase amount is reached; if that max chase amount is reached and I don't have a real position yet, then SC will properly clean-up and delete the failed bracket OCO? I can try re-chasing the market again later.

3) And most important, can I specify an exact price to be listed as the attached MIT and STP orders? I don't want them adjusted relative to the final entry price.

4) I can do all this from ACSIL?

Thank you.