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Direct MessagesDate/Time: Mon, 06 May 2024 08:07:06 +0000
Why parent orders are split in case of multiple OCO groups
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| [2019-10-22 00:02:14] |
| vish100 - Posts: 111 |
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Hi, SC documentation says "When Sierra Chart submits an order, it will first split up the order into the number of OCO Groups you are using. For example, if you are using 3 different OCO Groups, there will be 3 different parent orders (each with the quantity specified with the Group Quantity setting). For more information about OCO Groups, see the OCO Group section. Sierra Chart will manage all of the OCO Groups for you. So even though there are multiple parents due to splitting, you only need to modify or cancel one of them to modify or cancel all of the parents." My question is even if there are multiple OCO groups then why are the parent orders split. They could all still be submitted as one order and then each OCO group adjusted accordingly as per their own offsets and settings. So for example if I buy 3 contracts at 100 with three attached OCO groups (of quantity 1 each) then why the parent BUY order for quantity 3 needs to be split? Thanks |
| [2019-10-22 07:57:04] |
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When there are server-side managed bracket orders, a trading server would not accept a parent order of a different quantity as compared to the child attached orders. The order would be rejected.
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: 2019-10-22 07:58:15
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