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Direct MessagesDate/Time: Sat, 27 Apr 2024 11:06:44 +0000
Server-side OCO-only vs. Bracket orders TS functionality
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| [2016-05-13 00:10:42] |
| User754985 - Posts: 109 |
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I have noticed you distinguish between "Trading Service supporting Server-side OCO-only" and "TS supporting Server-side bracket orders" functionalities. What's the difference? Thank you. |
| [2016-05-13 00:21:55] |
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An OCO order consists of two orders. A bracket order consists of three orders.
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 |
| [2016-05-13 00:55:56] |
| User754985 - Posts: 109 |
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You mean OCO-only Trading service would accept 2 (Buy/Sell) OCO orders irrespective of "parent" order?
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| [2016-05-13 02:06:38] |
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Are you referring to two separate sets of OCO orders? Also an OCO order does not consist of necessarily a buy and sell. It can be 2 buy orders and 2 sell orders. Although OCO orders can be used with any service no matter whether they are supported on the server-side or not. 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 |
| [2016-05-13 02:44:50] |
| User754985 - Posts: 109 |
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No, i am referring to 1 set of OCO orders. So, such Trading service would not support sending a "parent" +orders attached to it...Either 1 or 2 (OCO) orders, correct? |
| [2016-05-13 02:51:13] |
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If the service supports an OCO order, then it supports an OCO order. This either can be an independent order or it could be associated with a parent order but Sierra Chart maintains that association internally if server-side bracket orders are not supported. We are not really understanding the purpose of the question. 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 |
| [2016-05-13 03:35:30] |
| User754985 - Posts: 109 |
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Pleaaase! I have read the docs and know that Sierra Chart handles attached orders internally,if not specified otherwise. That's not what I am asking! Everybody else around equates OCO (one-cancels-the other) to "bracket". But you don't. I looked over web and couldn't find people mentioning those as different.. And SC has very different attached-order rules/behaviors for Trading services that support server side OCO-only vs. TSs that support "bracket order" functionality. I understood that a typical "bracket" order (as per SC) is a parent(entry) + (up to)2 attached orders(exits). A typical "OCO-only" would be..2 (entries)? ... Is "OCO-only" a specific case of a broader "bracket" definition? IB is listed as supporting both. Which "Management of Attached Orders when Trading Service Supports Server-side Orders" logic is applicable to IB? |
| [2016-05-14 11:07:10] |
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Refer to the Terminology section here: https://www.sierrachart.com/index.php?page=doc/doc_Trading.html#Terminology This is the section which applies to Interactive Brokers: https://www.sierrachart.com/index.php?page=doc/doc_AttachedOrders.html#ServersideBracket 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 |
| [2019-01-31 01:35:28] |
| nus1 - Posts: 39 |
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Can you confirm the following for the service that supports OCO only. Scenario 1: I set bracket order, parent limit order waiting to get filled, the two child OCO orders therefore not yet sent to the server side, in the event of connection loss & price reaching parent price level, nothing happens as server sees no orders & no trade happens - Yes? Or does server see parent limit order as standard limit order and fills it in, leaving it vulnerable w/o stop loss? Scenario 2: Im in position, both OCO orders are on the server, I am safe in the event of connection loss - Yes? Date Time Of Last Edit: 2019-01-31 01:53:38
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| [2019-01-31 09:40:39] |
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Or does server see parent limit order as standard limit order and fills it in, leaving it vulnerable w/o stop loss? Yes this is correct. I am safe in the event of connection loss - Yes? Yes.
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 |
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