Support Board
Date/Time: Tue, 26 Nov 2024 02:23:00 +0000
ICS (Intercommodity Spreads) on Sierra Chart/Teton
View Count: 274
| [2024-01-11 17:42:59] |
| MichaelPPTF - Posts: 69 |
|
Hello, I am wondering how I can enter an ICS order. For example, if I would like to trade the NQ-RTY spread, which is a CME recognized ICS with margin deduction, how would I do this? In this example it's 1:3, so long 1 NQ and short 3 RTY. When using the spread order entry study, it is missing a critical feature which is the point value multiplier. In this example, NQ should be set to $20 and RTY should be set to $50, or tick multiplier which are $5 and $5, respectively. The spread order entry study only calculates the point difference between the two tickers, which is not very helpful, since the spread value could be at a very different level even if the point difference is the same. A quick example would be NQ=10000 while RTY=500, and NQ=15000 while RTY=2166.66. They are both at 8500, but the first spread would be at 20*10000 - 150*500 = 125,000 yet the second spread would be at 20*15000 - 150*2166.66 = -25000. Please let me know how would I go about this. I've tried quickly clicking market buy on two DOMs, but it is not ideal. The same applies for flattening the position. I understand I can flatten all from the positions window, but that window requires confirmation when "Flatten ALL" is used, and there might be other positions that I have and don't want them to be flattened. To be clear, I am with Edge Clear and using their Teton service with SC. |
| [2024-01-11 20:36:57] |
| Sierra_Chart Engineering - Posts: 17179 |
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There is a way to handle this. Set this Input with the study to Yes to do what you want: "Use Full Contract Values for Spread Prices" There is not going to be any margin deduction though for this. The only way to get out of this position would be to go to the Trade >> Trade Positions Window and individually Flatten the individual legs. 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, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2024-01-11 21:06:16] |
| MichaelPPTF - Posts: 69 |
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There is a way to handle this. Set this Input with the study to Yes to do what you want:
"Use Full Contract Values for Spread Prices" Huh, I don't know how I missed that option! Thanks! |
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