Support Board
Date/Time: Mon, 25 Nov 2024 15:41:04 +0000
LMAX Trading through Central FIX Connection with No Monthly Fees
View Count: 26070
| [2019-01-29 18:59:38] |
| gomifromparis - Posts: 244 |
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Yes but if I remember this setting is used only when you connect with your own account to LMAX. The Sierra FIX bridge sets (used to set ?) the value once for all the clients DTC clients. |
| [2019-01-29 19:32:13] |
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New Sell Stops will trigger when the Best Ask meets the Stop Level and Buy Stops will trigger when the Best Bid meets the Stop Level. 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, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2019-01-30 10:27:33] |
| gomifromparis - Posts: 244 |
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This seems OK today
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| [2019-02-09 21:38:22] |
| ARDAN - Posts: 66 |
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"New Sell Stops will trigger when the Best Ask meets the Stop Level and Buy Stops will trigger when the Best Bid meets the Stop Level. This does apply to the LMAX FIX connection used when you have the service in Sierra Chart set to LMAX Live Trading-DTC." 1. Is this setting valid with LMAX? Also, Sierra has "Stop with last triggering" option. Which is basically average of ask-bid price (as last trade price is N/A in FX) It can be an option as well If you prefer to keep your stop order in your client machine. 2. When OCO orders and bracket orders are all managed on the server side by our server while Global Settings >> General Trade Settings >> Use Server-Side OCO and Bracket Orders is enabled. Does Sierra submit a stop order to LMAX trading account or keeps it at the intermediary server? 2.a. If Sierra submits the stop order does it consume extra margin? 2.b. If the stop order consumes extra margin, how can I keep it at the intermediary server of Sierra without submitting LMAX? Thanks. Date Time Of Last Edit: 2019-02-09 21:56:56
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| [2019-02-10 01:52:10] |
| AlexPereira - Posts: 197 |
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2.a. If Sierra submits the stop order does it consume extra margin?
I did some testing on this, and Yes, but strangely if you don't set a bracket order and only set one stop or one limit, it doesn't. |
| [2019-02-10 20:44:32] |
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1. Is this setting valid with LMAX? Yes.2. When OCO orders and bracket orders are all managed on the server side by our server while Global Settings >> General Trade Settings >> Use Server-Side OCO and Bracket Orders is enabled. Does Sierra submit a stop order to LMAX trading account or keeps it at the intermediary server?
The stop order is submitted to LMAX.2.a. If Sierra submits the stop order does it consume extra margin? This has been answered in the post above.2.b. If the stop order consumes extra margin, how can I keep it at the intermediary server of Sierra without submitting LMAX? You really cannot.
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, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2019-02-10 20:44:50
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| [2019-02-11 07:57:47] |
| ARDAN - Posts: 66 |
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In practice, this scheme decreases my margin to half of it. So I decided to move my account to LMAX NZ to resolve this. They have 200x leverage for most of the FX pairs. Segregated account preservation would be 50k£ in this case. Or I can use Stop with Bid/Ask Triggering(client) order type, In this case, my order will stay at my client machine (not at the intermediary server and LMAX itself) It will not consume extra margin but I will expose risks of personal connection problems. I will decide between these two. Thanks for the clarification. |
| [2019-10-07 11:15:37] |
| Mack - Posts: 83 |
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Hi Ardan, thanks for your post. Interesting! My account is still with LMAX UK. To work around the leverage issue, I just manually enter the stops through the web interface. With small quantities, this is not so risky. Unfortunately, the stops you place through the web interface can only be modified through the web interface. So you cannot drag around these stops in Sierra Chart. |
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