Support Board
Date/Time: Tue, 11 Mar 2025 18:02:44 +0000
multiple orders on 1 click or 1 fill say an ANCHOR POSITION
View Count: 458
| [2022-04-28 22:14:00] |
| User220914 - Posts: 239 |
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Hello, I am looking to simultaneously fire off 1 order in a different symbol based on a fill from the (ANCHOR SYMBOL) A few other 3rd party execution software providers have this function. I would like to use either a limit order or a market order or a stop order on my (ANCHOR SYMBOL) and then have it immediately send an order in another mkt and this SECOND order would ALWAYS be a MARKET ORDER to make sure the order is always filled. there are multiple uses for this type of functionality. This would then RUN off only the ANCHOR symbols DOM so one could use mkt orders at a click or limits or stops. What is needed is the ANCHOR SYMBOL and then the secondary symbol and the quantity and BUY OR SELL on the secondary symbol e.g. I will start very simple and show a more complicated multiple quantity example at the end. The ANCHOR SYMBOL and the secondary symbol also must have a quantity attached. Example # 1 ANCHOR SYMBOL is corn and second symbol is SOYBEANS Buy 1 December corn at the mkt. and simultaneously send a BUY 1 January soybean at the mkt. = thus I am long 1 dec corn and LONG 1 jan soybean at the same time with 1 click. to sell this position or unit I would need to only sell 1 december corn on its DOM and it would automatically sell 1 january soybean thus offsetting both positions. Example 2. ANCHOR is ES SP500 and second symbol is NASDAQ mini futures NQ. BUY 1 MARCH 22 ES market order and second symbol set up would be to BUY 2 march 22 NQ contracts at the mkt . so i am buying 1 sp500 and simultaneously buying 2 nasdaq nq contracts. if i BUY 5 ES contracts I would then be BUYING 10 Nasdaq contracts simultaneously and again these are market orders. if I use the ANCHOR the ES march 2022 contract and a buy limit order then when that order is filled it would immediately send the buy 2 NQ march 2022 contracts at the mkt. same if I used a stop order to exit the ES it would then send an order to sell 2 March 2022 nasdaq at the mkt. Now you can also use this to say buy 1 contract and sell another if you wanted to. ANCHOR Natural GAS DEC. 2022 and secondary mkt would be the the 30 year t bond. we would set it up BUY 1 natural gas march 2022 and sell 1 march 2022 t-bond. so for every 1 natural gas contract we buy we are selling 1 march t bond contract and vice versa. If we sell 1 natural gas march contract then we would BUY 1 march t bond contract. I hope this makes sense and it would be a very welcome addition in functionality to the teton execution platform. thank you |
| [2022-04-28 22:39:02] |
| John - SC Support - Posts: 38581 |
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The closest that exists for what you are asking for is the Spread Order Entry study. Refer to the following: Spread Order Entry Study Although not what you were mentioning directly, but related is the Trade and Current Quote Symbol capability in the system that allows you to view one chart and place trades for a different symbol from that chart. Refer to the following: Chart Settings: Trade and Current Quote Symbol (text box) (Chart >> Chart Settings >> Symbol >> Symbol menu) For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2022-05-01 18:41:25] |
| User220914 - Posts: 239 |
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would there be a simple way for you to possibly implement this with say linked doms? or a double DOM with 1 click order entry? we just et up the 2 doms and only use 1 to trade both? the spread order entry is not efficient at all and most that i have seen mention it inthe support section also realized very quickly that it would actually be easier to just pull up 2 doms and click click but with the recent volatility this is actually too slow when trying to capture a specific entry or exit price. I know you have a ton on your plate but would be welcome addition when you have the time or are there other issues involved? thank you |
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