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Loss limit - Automatic liquidation - looking for platform
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Loss limit - Automatic liquidation - looking for platform

  #1 (permalink)
Trading Apprentice
London UK
 
Futures Experience: Advanced
Platform: Not disclosed
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Posts: 21 since Jul 2013
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Loss limit - Automatic liquidation - looking for platform

I am looking to start overnight spread trading. The problem I came across is a lack of a futures platform that would automatically liquidate all positions as soon as PnL reaches a specified loss value.

Does anyone know a platform that would allow this?

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  #2 (permalink)
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  #3 (permalink)
Market Wizard
London UK
 
Futures Experience: Beginner
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Sheen View Post
I am looking to start overnight spread trading. The problem I came across is a lack of a futures platform that would automatically liquidate all positions as soon as PnL reaches a specified loss value.

Does anyone know a platform that would allow this?

This line of code works with CQG (either QTrader or the more expensive IC) products


OTE(@,"<account number>",CURRENT) <= MaxLoss


MaxLoss is a parameter I defined, so as not to hardcode a maximum loss into the condition - you can change the parameter to whatever you want.



By inserting that condition into an 'alert trigger' and setting the alert trigger to Liquidate whenever that condition is met does the trick for me.

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  #4 (permalink)
Trading Apprentice
London UK
 
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Posts: 21 since Jul 2013
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Many thanks. Do you know if this works even when CQG QTrader is not running?

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  #5 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Advanced
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Sheen View Post
I am looking to start overnight spread trading. The problem I came across is a lack of a futures platform that would automatically liquidate all positions as soon as PnL reaches a specified loss value.

Does anyone know a platform that would allow this?

NinjaTrader is capable of doing this with some custom programming.

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  #6 (permalink)
Market Wizard
London UK
 
Futures Experience: Beginner
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Sheen View Post
Many thanks. Do you know if this works even when CQG QTrader is not running?

I may be wrong but I don't believe so, I think that specific code wouldn't work if the platform is not running.

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  #7 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
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Sheen View Post
I am looking to start overnight spread trading. The problem I came across is a lack of a futures platform that would automatically liquidate all positions as soon as PnL reaches a specified loss value.

Does anyone know a platform that would allow this?

Why not trade on CQG Q Trader spreads that are recognized by the exchange and set risks on each spread?
You can pull one quote that where you just trade the spread.

I would advise you against programming on a portfolio of spreads if you are not looking supervise it and walk away.

Matt Z
Optimus Futures

There is a substantial risk of loss in future trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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