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Direct MessagesDate/Time: Tue, 23 Apr 2024 10:15:09 +0000
Advanced and Lower-Cost Connection to CTS 4 questions
View Count: 782
| [2018-01-19 15:32:21] |
| patrader - Posts: 92 |
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All questions pertain only to a situation where the trader is using the Advanced and Lower-Cost Connection to CTS 4 (i.e. SC datafeed w/CTS execution): 1. If Global Settings >> General Trade Settings >> Use Server Side OCO Orders / Use Server Side Bracket Orders is DISABLED, does it mean that no orders will ever spend any time on the Sierra Chart server? 2. If the answer to #1 is "correct" and all algorithms about bracket orders/OCOs/trailing stops would reside locally on my PC because of the DISABLED choice, do you agree that doing so would be a different, but equally viable, way to avoid the problems mentioned at this link while still having the same flexibility as if using Sierra Chart servers: https://www.sierrachart.com/index.php?page=doc/CTS_T4.php#CTSServerSideOCOBracketBehavior 3. If the answer to #2 is "correct", then with the same DISABLED, am I correct in thinking that if I use a Triggered Limit Entry Order as a parent with two child orders in an OCO, that when the entry price is triggered my PC would send the limit order directly to CTS for processing? Or would it still first go to the Sierra chart server for processing even with the DISABLED choice? 4. If the answer to #3 is that the limit order would go directly to CTS servers because of the DISABLED selection, do you concur that for traders using a dedicated server in Chicago (rather than a local PC at home) that they could "have their cake and eat it too" - in order words, avoid use of Sierra Charts server for orders, maintain reliable local control of the algorithms behind OCOs (as opposed to relying on CTS), yet still get the fastest processing of the orders by CTS? |
| [2018-01-19 18:54:12] |
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1. Yes. 2. That section linked to says this: The information in this section does not apply when using the new Advanced and Lower-Cost Connection Model. And the information in this section also does not apply when Global Settings >> General Trade Settings >> Use Server Side OCO Orders / Use Server Side Bracket Orders is disabled.
We want to make sure you understand that. Not really sure we understand the question. If you want to have the orders managed on the client-side that is fine. It is up to you. 3. The child orders are going to be held on your local system. How this works is explained here: Attached Orders: General Management of Attached Orders 4. This does not really make sense to us because when using the low-cost connection model, orders will always pass through the Sierra Chart server even if they are not being held there. If you want to have the orders managed on the client-side, that is perfectly fine even if the client-side is on a server in a data center. 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 |
| [2018-01-19 19:38:38] |
| patrader - Posts: 92 |
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The response to #4 clears up my confusion on #2. Re: the answer to #3 ...just so I am clear in my mind: 1.There is no such thing as an OCO algorithm at the exchange level. The only thing that the exchange knows is that two different orders exist. Is that correct? 2. Once a parent order is filled at the exchange, the child orders on my computer (OCO profit target/limit order & stop loss/stop order) get passed onto the SC servers and forwarded onto CTS servers to the exchange, where, again, the exchange will keep what it sees as two separate orders. Is that correct? 3. Any algorithm for an auto trailing stop will always reside on my PC and will simply "update" the OCO algorithm on the SC servers. Is that correct? 4. The CTS servers serve only as a 'pass through' mechanism in the lower cost connection model. No algorithm of any kind will reside on CTS servers. It'll all be on SC servers (with an exception for things like auto trail stop loss, or triggered limit entry order). Is that accurate? |
| [2018-01-19 20:23:14] |
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1. This is all a correct understanding. 2. Yes this is all true when orders are managed on the client-side. 3. Yes. 4. Pass through in the sense that the orders go to the exchange if that is what you are referring to. And whether OCO is handled on the Sierra Chart server or your client-side, depends upon how you decide to do that which is controllable by settings in Sierra Chart. 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: 2018-01-19 20:23:44
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| [2018-01-19 21:17:21] |
| patrader - Posts: 92 |
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Thank you for quickly answering my questions. I'n new to Sierra Chart and am now ready to install it for trading. I don't need the trial. I have my account funded at Wedbush and I have my password ready to install the live version. Final question. Can I choose Sierra level 3 with the Advanced and Lower-Cost Connection to CTS 4? Or must I choose Sierra level 5? It is important to me to have access to historical refresh data, to the tick, because I trade using range bars. I think I read somewhere that you have to have Sierra level 5 to have access to historical data to the tick. But I could be wrong about this. Is level 5 necessary or can I use level 3?
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| [2018-01-19 22:41:58] |
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Can I choose Sierra level 3 with the Advanced and Lower-Cost Connection to CTS 4? Yes of course and this will give you historical tick by tick data especially being you will be using the Sierra Chart Exchange Data Feed.
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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