Support Board
Date/Time: Sun, 22 Dec 2024 05:12:03 +0000
Post From: limit chase with bracket OCO, and MIT attached orders at CTS
| [2015-07-23 19:49:34] |
| User35525 - Posts: 181 |
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Question, is a bracket OCO at CTS completely safe and idempotent in all cases? That is, will the completely-managed-by-CTS order-trio (assuming I send two child orders) always successfully complete with: a) a parent order. b) attached take profit. c) attached stop loss. I'd like to directly set the price for attached child orders using ASCIL, per the samples in tradingsystems.cpp, and I (hope) that a bracket OCO will simply FAIL if CTS cannot handle my requested child orders. TopstepTrader staff told me that with the T4 platform, it's possible to have a naked position (no stop loss) if using an "auto-OCO" or regular OCO. I'm not sure, but think the "auto-OCO" is the same as a "bracket OCO" in Sierra? Also, assuming bracket OCO's are idempotent (either all requested attached orders are filled or all rejected), is it true that Sierra Chart can help mitigate an unfilled bracket with the "chase mechanism", which re-tries the bracket OCO until it successfully fills a position, or finally reaches the maxium chase amount? I'm just trying to see how much extra "management" I need to program in ASCIL. If it's possible to leave myself with a naked position (no stop) then I'll have to program an entry-watchdog of sorts, which manually attaches a stop child order to the naked bracket OCO. Date Time Of Last Edit: 2015-07-23 19:55:00
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