Support Board
Date/Time: Sun, 24 Nov 2024 02:42:28 +0000
Bracket order triggers Move to Break-even before Limit reached
View Count: 3308
| [2013-04-16 05:44:39] |
| Rainer - Posts: 109 |
|
Have just noticed: my Live Bracket-order triggered & moved to break even but my (same tick) Target1 order only got triggered (filled) when market moved a few more tenth of a tick further. Why? Question: When are Stops, Limits & Move-to-break-even triggered (and how are these correlated) in Live trading, are they triggered all the same based on what, Bid/Ask/Last (in a Long position)? I assume (and in real life) once the market moves through the Ask (if long) but how is the break-even triggered? In my understanding, if a bracket order is pre-configured for the Stop to move to break even when Target1 is filled (ie T1=5, BE trigger=5) then these should be executed at the very same time, actually I'd expect for the Fill to occur first then the move-to-break even; is this so? I've attached screenshots so you can better ascertain. And/Or could it have to do with how SC handles tenth of ticks (AUDUSD 1.03666), as in the Trade Activity Log it appears some entries labeled Stop/Limit/Market are rounded to the 4th digit while others are expressed as 5 digits (1.03660 vs 1.03666). [my 2.30min chart value scale is configured to show 5 digits AUDUSD]. Furthermore, my Order Fills (see attached pic), entry price is 1.0367 and T1=1.03723 (profit =5.6) but my bracket-order Target1 is set to =5; can you pls explain? Date Time Of Last Edit: 2013-04-16 05:47:24
|
 SC bracket Order.JPG / V - Attached On 2013-04-16 05:25:05 UTC - Size: 150.04 KB - 807 views SC bracket Order2.JPG / V - Attached On 2013-04-16 05:25:31 UTC - Size: 520.45 KB - 768 views SC bracket Order3.JPG / V - Attached On 2013-04-16 05:37:28 UTC - Size: 28.14 KB - 737 views |
| [2013-04-16 06:04:57] |
| |
|
For the Move To Breakeven settings on a Stop, you need to set the Type to OCO Group Triggered. Refer to the Attached Orders documentation. When are Stops, Limits & Move-to-break-even triggered (and how are these correlated) in Live trading, are they triggered all the same based on what, Bid/Ask/Last (in a Long position)? We cannot answer this question. Please contact your broker about this.The Tick Size for trading you control, and that is done through Chart >> Chart Settings. Not certain why you are asking us about this. Clearly you have already altered the settings. 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 |
| [2013-04-18 02:15:41] |
| Rainer - Posts: 109 |
|
1) The reason I had not used OCO Group up until now, your online Data/Trade Services for FXCM states "No" for Server Managed OCO (Order Cancels Order). 2) But this is incorrect, as FXCM's server does handle OCO Group (if a multi-Bracket-Order Stop "Group:All OCO Groups" is used). Please refer to the attached pdf file for Proof, giving detailed pictures of a LIVE bracket-order Trade and how all OCO orders reflect the same in my LIVE FXCM account platform. 3) Now, ... this is important (and shown clearly in the attached) and as to my original post above, the Move-to-Break-even still occurs when the last price traded hits the 'Trigger Offset' and not in conjunction with the first Target1 (((Target1=4, Trigger Offset=4 'MoveToBreakEvenForStop))). 4) After reviewing the attached "in detail", can you please correspond with me how this will be addressed as it affect LIVE trading and as this is a 'glitch'. Note: the attached is comprehensive but to the point with all points addressed clearly. |
 SC Bracket-Order to Break Even before ... .pdf - Attached On 2013-04-18 02:09:37 UTC - Size: 560.45 KB - 1031 views |
| [2013-04-18 03:48:31] |
| |
|
1, 2. The FXCM FIX Trading service does support server side OCO and we will update the documentation. 3, 4. We did not look at the PDF document because we previously said this: For the Move To Breakeven settings on a Stop, you need to set the Type to OCO Group Triggered. Refer to the Attached Orders documentation. 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: 2013-04-18 03:50:53
|
| [2013-04-18 03:54:54] |
| |
|
We can see you put a lot of work into that PDF document. But you need to understand we are quite busy, nevertheless, we will get to it when we can. It looks like the only outstanding issue is with the Tick Size. Why do not you increase it to .00001 in Chart >> Chart Settings. 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 |
| [2013-04-18 04:24:25] |
| Rainer - Posts: 109 |
|
Ok, in SIM mode the increase Tick size appears to work. But this meant having to increase the Target/Stop values 10-fold (a 15 Tick Stop now needs to say 150, etc.), and my P/L now also shows the value 10-fold ($36.00 as opposed to $3.60) but when Trade is Flatten, the Log does show profit as $3.60. 5) What other settings can we set to off-set/compensate this increase in Tick Size so that we don't have to compensate for this increase in Tick Size and see all values (P/L & Lot size) as 'proper' values? Date Time Of Last Edit: 2013-04-18 06:15:14
|
| [2013-04-18 06:43:32] |
| Rainer - Posts: 109 |
|
Ok, long story short, just realized what you were actually (in your first reply) referring to with: For the Move To Breakeven settings on a Stop, you need to set the Type to OCO Group Triggered ; not realizing when your replies pertain BOLD lettering, it actually refers to window selectable (related) parameters; not just highlighted text. Anyway made the changes and it works like a charm; (u may keep the pdf as a souvenir) So if you could just provide a solution to 5) (my prior last post), I'd appreciate it. Date Time Of Last Edit: 2013-04-18 06:49:14
|
| [2013-04-19 01:50:19] |
| |
|
Please refer to the Global Symbol Settings documentation here: http://www.sierrachart.com/index.php?l=doc/doc_GlobalSymbolSettings.php#top Refer to the Introduction. And also refer to the documentation for Tick Size and Currency Value Per Tick. They have been updated and should answer your questions in regards to the subject. Be sure to refresh the page. 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: 2013-04-19 01:50:38
|
| [2013-04-19 02:14:05] |
| Rainer - Posts: 109 |
|
One other observation, ... I must have read the OCO Group help manual "Attached Orders" many times not really grasping the Group-thing all together, then this morning one word popped in my mind that summed it all up, "Assign" ... and simply put, if the online Manual would express it as (perhaps like this or similar): "You can assign Groups to any of your attached Orders and have a Group become a Trigger.. etc." .... this would have provided the 'gist' of what is expressed/meant by OCO Groups. (just my suggestion)
|
| [2013-04-19 14:33:39] |
| Rainer - Posts: 109 |
|
... have re-read online manual in close detail and understand the relationship between Tick-Size & Tick-Value (in Foreign Exchange Symbols) and altered settings accordingly, but the results still produce incorrect values as far as ... 1) P/L: display in Trade Window 2) Bracket Order Tick size settings Can you please refer to the attached (very detailed) presentations with specific to the point questions? |
| SC PL x10.jpg / V - Attached On 2013-04-19 14:29:01 UTC - Size: 294.79 KB - 737 views SC StopLimits x10.jpg / V - Attached On 2013-04-19 14:29:28 UTC - Size: 193.88 KB - 771 views |
| [2013-04-19 16:56:30] |
| |
|
1. Check the Currency Value per Tick in Chart >> Chart Settings >> Advanced Settings 2. After changing this select Chart >> Reload and Recalculate. 2. Try using "Price" instead of Ticks. We cannot provide further help with this. This is just how it works. The step will always be in increments of the Tick Size. 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: 2013-04-19 17:02:56
|
| [2013-04-22 01:58:59] |
| Rainer - Posts: 109 |
|
1. Perfect, Thanks 2. ... leaving it as Ticks (as it is easier to identify despite displaying it 10-fold) New Question/Suggestion for Quantity display (of Foreign Exchange symbols): Is it possible, and could the Quantity be displayed as 10k, 100k etc. or simply reformat the values in SC's program to display the values with a thousands separator ie. 10,000 or 100,000 etc. That way the quantity values are much easier & simpler to read; for Foreign Exchange symbols? |
To post a message in this thread, you need to log in with your Sierra Chart account: