Support Board
Date/Time: Sun, 22 Dec 2024 11:49:54 +0000
Post From: SC via Interactive Brokers not correctly setting OCO orders - important!
| [2015-08-06 11:25:09] |
| CarlRostron - Posts: 80 |
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It appears most users who do use Server Side OCO orders do so because they don't want to be reliant upon having their PC's and Laptops (running SC's) switched on 24/7 and the risk of their internet connection being lost where orders are held on their SC client. (I am assuming these orders are held locally on their machine and within their SC application and aren't held on a SC Server anywhere?) This thread highlights the issues SC Engineers face (and understandably so) with other platforms outside of their control. The best way to deal with orders from a SC perspective is clearly when they are all self contained within SC's itself so that SC Engineers have full control of maintaining the code to deal with any problem situations that arise. What is striking to me is the option for an additional product or service SC could offer - that being your own Server Side database of orders for all of your subscribed customers. You would hold these Orders so that users could switch off their machines safe in the knowledge that SC will manage them properly, and they will not be 'Lost' when they turn off their machine, lose connectivity etc You would route them though to the respective Broker in real-time or however is the most appropriate. Wouldn't this be another great addition to the SC platform? (Sorry if this is how it already works but it wouldn't appear so from this thread?) I guess what I am saying is, if I put an order in on my SC platform with OCO server side orders Disabled, and turned off my machine would those OCO orders be executed if in the real world price did hit an order level? Why not SC's hold them on your server and route them through to the broker as necessary when price touches one of these price levels. This is just an idea and probably one you have already considered. (Sorry if I have gotten this completely wrong and you can already do this..?) Great job guys. |