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Date/Time: Fri, 29 Mar 2024 11:07:54 +0000



LMAX Trading

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[2018-04-16 17:16:16]
Napoleon Dynamite3 - Posts: 29
I figured out LMAX is rejecting MIT orders, only accepting Limit orders

I’d like to hide my Limit orders from LMAX liquidity providers

Is there a way to set Limit orders platform side that are morphed into Market orders when hit ?
Date Time Of Last Edit: 2018-04-16 20:01:25
[2018-04-16 20:36:43]
Sierra Chart Engineering - Posts: 104368
You need to use the client-side Market if Touched order:
Order Types: Market if Touched - Client
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
[2018-04-17 12:29:35]
Napoleon Dynamite3 - Posts: 29
I got to find MIT and LIT client-side orders from the Trade Window okay

But I cannot customize these orders to the Chart Trade Menu and they are not available to configure for the Chart DOM, where I’d like to use them
[2018-04-18 05:26:29]
Sierra Chart Engineering - Posts: 104368
We will add this functionality.
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
[2018-04-21 16:58:55]
Napoleon Dynamite3 - Posts: 29
Thanks for the adding

I would not mind if you could also add LIT-Client and Triggered Limit (Auto-set) orders as a setting to configure the Chart DOM with. Thanks again
Date Time Of Last Edit: 2018-04-23 18:24:16
[2018-04-24 05:49:53]
Sierra Chart Engineering - Posts: 104368
We will see about the Triggered Limit (auto set).

What is the purpose of using a Limit of Touched order? It does not seem to really make much sense as offering any kind of advantage.
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: 2018-04-24 05:50:04
[2018-04-24 08:20:14]
Napoleon Dynamite3 - Posts: 29
Just like MIT-Client and Triggered Limit, the purpose is not to appear in the order book beforehand, hide from other participants.

The LIT-Client is similar to MIT-Client as long as your order size is <= the top of the book size.
However, it can have the advantage to not fear slippage if the market is really volatile.
[2018-04-24 08:25:31]
Napoleon Dynamite3 - Posts: 29
By the way, the Chart DOM order options are missing the basic buy/sell Market order type. Sure, you can achieve about the same equivalent result by configuring with other order types and right placement around the last price, but it might be easier for comprehension to have the Market type available right away.

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