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Direct MessagesDate/Time: Sun, 05 May 2024 09:47:52 +0000
server side orders and margin requirements
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| [2020-06-19 19:15:59] |
| User606491 - Posts: 164 |
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Are server-side orders held with my broker or on SC's server? Asked differently, the strategy I use requires scaling out and (potentially) the use of multiple stop-loss orders. Given multiple orders, I want to minimize the margin requirements for this strategy. Assuming the use of multiple exit orders, how best should I set up SC to minimize margin requirements? Hold orders locally? Use the spreadsheets to trigger orders? Your guidance is appreciated. thanks, |
| [2020-06-19 19:52:46] |
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In your case, the broker does not hold orders. Stop Attached Orders will initially be held on the Sierra Chart order routing server (When using this service), and then when the parent order fills they will be sent to the exchange. This is explained here: Attached Orders: General Management of Attached Orders Are you using an automated trading system? 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: 2020-06-19 19:53:16
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| [2020-06-19 20:18:00] |
| User606491 - Posts: 164 |
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I'm using a semi-automated system - I either use the Chart Trade Window or manually enter the stops and targets into the SC spreadsheet. Based on the link: When Trade -> General Trade Settings -> Use Server Side OCO Orders is CHECKED: the activation of the parent order triggers the submission of ALL child orders to the exchange (in most cases). At which point, my margin requirement will increase based on the submission of ALL additional child orders. When Use Server Side OCO Orders is UNCHECKED: my orders are held locally until activation, in which case my margin will only change based on the orders that are activated. So, relatively, my margin would be lower. Is my understanding correct? Is there an intermediate method whereby SC can hold my orders off the exchange until activation and yet not store my orders locally? Effectively reducing my margin requirement while also reducing the risk of locally holding orders. thanks, |
| [2020-06-20 03:27:56] |
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We see you are using the Sierra Chart order routing service. Therefore, these options are always considered to be on regardless of how they are set: Use Server-side OCO Orders Use Server-side Bracket Orders At which point, my margin requirement will increase based on the submission of ALL additional child orders. You have to ask your broker about this. One thing we can say is the upcoming Sierra Chart direct CME routing, this will not be the case. Margin will not change since these are offsetting orders.Is there an intermediate method whereby SC can hold my orders off the exchange until activation and yet not store my orders locally? This is currently how it works with the Sierra Chart Order Routing Service.
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: 2020-06-20 03:28:34
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