Support Board
Date/Time: Mon, 24 Feb 2025 06:14:12 +0000
Changed from TT to CQG - stop placement and bracket orders help
View Count: 1018
| [2021-02-19 10:43:36] |
| User196369 - Posts: 41 |
|
I have just changed from TT to CQG and would appreciate clarification of how best to proceed with order types. To open a position with TT I would place a limit order with a bracketed stop and target - this was managed on the server so if I lost internet connection and then was filled my stop would still be placed on the exchange. With CQG I understand the bracket order is all client side so if I place a limit order and then lose my connection and am subsequently filled I will have no stop loss in the market - is that correct? I place orders by clicking on the chart DOM. Is there a way of setting up an order configuration so that when my limit order is placed on the exchange a stop order is also placed on the exchange automatically a set distance from the entry price? I can't see a way of achieving this on CQG without using client side brackets. Many thanks |
| [2021-02-19 12:59:41] |
| PhiX - Posts: 36 |
|
Also...will SC's forthcoming direct CME order routing service have server side bracket and OCO management?
|
| [2021-03-04 16:32:48] |
| |
|
With CQG I understand the bracket order is all client side so if I place a limit order and then lose my connection and am subsequently filled I will have no stop loss in the market - is that correct? Yes.I place orders by clicking on the chart DOM. Is there a way of setting up an order configuration so that when my limit order is placed on the exchange a stop order is also placed on the exchange automatically a set distance from the entry price? I can't see a way of achieving this on CQG without using client side brackets. No this is not supported.Also...will SC's forthcoming direct CME order routing service have server side bracket and OCO management? Yes absolutely.
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: 2021-03-04 16:34:06
|
| [2021-03-04 21:12:29] |
| User13668 - Posts: 294 |
|
With CQG I understand the bracket order is all client side so if I place a limit order and then lose my connection and am subsequently filled I will have no stop loss in the market - is that correct?
Yes. From post #3. Now I am confused. I thought a simple OCO (attached order) was suported server side by CQG Web API? Ie I place a limit order to go long with attached child orders for a take profit and stop loss (with OCO). I was relying on this part of the documentation: Attached Orders: Management of Attached Orders when Trading Service Supports Server Side OCO Only I have followed the documentation and confirm that my Trade Activity Log under Order Action Source says my Take Profit and Stop Loss orders are being managed server side. |
| [2021-03-04 23:55:35] |
| User196369 - Posts: 41 |
|
Think of a bracket as a bundle of a parent position with an OCO to close out. A simple OCO could be just to enter a position rather than manage an existing one. With Sierra's CQG implementation the limitation is that the OCO component of the bracket is held on the client until the order fills which leaves a connectivity risk. The issue is specifically OCO management prior to parent order filling. Your order lines will say client held or something similar until you're filled. |
To post a message in this thread, you need to log in with your Sierra Chart account: