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[User Discussion] - Market with protection orders

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[2024-03-26 16:42:09] #1 [Go To First Post]
GuillaumeJ - Posts: 10
Hi, I would like to use Market with protection orders for my ACSIL automated trading system. As stated by the CME order types doc : https://www.cmegroup.com/confluence/display/EPICSANDBOX/Order+Types+for+Futures+and+Options#OrderTypesforFuturesandOptions-MarketOrderwithProtection A market order with a maximum accepted fill or canceled if not filled at desired price. I have the read sierra doc but could not find those order types. How to I setup those orders in ACSIL. Thanks

[2024-03-26 19:10:03] #2 [Go To First Post]
ondafringe - Posts: 248
Market-with-Protection isn't an order type. The "protective" aspect is automatically implemented by the exchange. See this thread: Attached stop order turns into stop limit order Date Time Of Last Edit: 2024-03-26 20:45:58

[2024-03-26 23:17:37] #3 [Go To First Post]
Sierra_Chart Engineering - Posts: 14176
Yes but we think this is automatically implemented. 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

[2024-03-27 09:44:30] #4 [Go To First Post]
GuillaumeJ - Posts: 10
Ok thank you, I read the CME doc and indeed it is automatic. So to avoid slippage with market order would it be best with Market-limit orders ? I does not clearly says what happens in case of slippage. The only explanation is about partial fills. I would like to know if the market order is not filled at the desired price, does it become limit order or get slipped like a market order ?

[2024-03-27 15:11:45] #5 [Go To First Post]
John - SC Support - Posts: 31293
You need to ask the exchange about this. We have also set this to a User Discussion, so others may give their opinions on this. 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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