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Date/Time: Sun, 04 Dec 2022 21:48:23 +0000



Denali+IB futures options setup

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[2022-09-30 02:14:01]
Fanch - Posts: 14
Hi,

I have followed instructions to use the Denali feed for CME futures options and I use the Interactive Brokers FOP format string in the "use as trade symbol" chart settings.
When I try to place a buy limit order on ES FOP at, say, $87, the order is rejected because TWS thinks I am trying to buy at $8700 (for a total $437,000 since ES FOP has a multiplier of 50).
It looks like there is a multiplier used somewhere that I should adjust, can you please advise?

Other problem: how do I get to display the line of the mid-price as bid and ask evolve?
I would like to replicate in SC what I am seeing in TWS (see attachements)

F
image2022-09-29 22_07_53-Chart Settings _ ESZ22 P3530.FUT_OPT.CME.png / V - Attached On 2022-09-30 02:13:16 UTC - Size: 33.01 KB - 31 views
image2022-09-29 21_40_12-All Interactive Brokers.png / V - Attached On 2022-09-30 02:13:34 UTC - Size: 149.93 KB - 29 views
Attachment Deleted.
[2022-09-30 09:22:34]
Sierra_Chart Engineering - Posts: 5464
Yes there is a multiplier setting to use for this. Refer to:
Chart Settings: Trade and Current Quote Symbol Price Multiplier (Chart >> Chart Settings >> Symbol menu)

There are different recording mode you can use for charting. Refer to:
Data Recording Modes
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, use the Teton service:
Sierra Chart Teton Futures Order Routing
[2022-09-30 20:12:44]
Fanch - Posts: 14
Thank you, that all worked, I am attaching my settings in case it helps someone trying to achieve the same thing.

One thing to be aware of is that the tick size is not constant on IB, at least for futures options.
If you place an order close enough to the current price, it is 0.05, but if you place it out of a certain range, it is 0.25. In that latter case, if you try to place an order at a level other than .0, .25, .5, .75, it will be rejected so you have to make sure to select one of those levels.
Date Time Of Last Edit: 2022-09-30 20:14:39
image2022-09-30 16_07_25-Sierra Chart 2439 IB-MES Interactive Br.png / V - Attached On 2022-09-30 20:08:30 UTC - Size: 50.81 KB - 26 views
image2022-09-30 16_05_44-Sierra Chart 2439 IB-MES Interactive Br.png / V - Attached On 2022-09-30 20:08:41 UTC - Size: 67.96 KB - 24 views
[2022-10-02 18:39:52]
Sierra_Chart Engineering - Posts: 5464
Yes that is correct. Thank you for this.
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, use the Teton service:
Sierra Chart Teton Futures Order Routing

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