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CTS T4's Brian Murphy (Director of Business Development) - Ask Me Anything (AMA)
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CTS T4's Brian Murphy (Director of Business Development) - Ask Me Anything (AMA)

  #11 (permalink)
Membership Temporarily Revoked
Pittsburgh, Pennsylvania
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: ES
 
Pedro40's Avatar
 
Posts: 522 since Jan 2013
Thanks: 24 given, 348 received

Hi Brian, one question only.

In my experience, if using the same futures with different entries, it is always first in first out. Is that correct and can it be changed somehow?

Let' me explain: I go long 1 ES contract at 1520. The market goes lower and at 1518 I go long with another contract.
Now when the market goes back to 1520, I want to exit the second contract, but even if I set the OCO limit order on that contract, still the first contract will be executed and this will be a breakeven trade instead of a 2 points profit one.

Is this always like this (first in, first out) or is there a trick I can exit whichever contract I want??

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  #12 (permalink)
 Vendor: www.ctsfutures.com 
Chicago, IL
 
Futures Experience: None
Platform: CTS
Favorite Futures: oil
 
CTS1's Avatar
 
Posts: 48 since Feb 2013
Thanks: 4 given, 58 received


Pedro40 View Post
Hi Brian, one question only.

In my experience, if using the same futures with different entries, it is always first in first out. Is that correct and can it be changed somehow?

Let' me explain: I go long 1 ES contract at 1520. The market goes lower and at 1518 I go long with another contract.
Now when the market goes back to 1520, I want to exit the second contract, but even if I set the OCO limit order on that contract, still the first contract will be executed and this will be a breakeven trade instead of a 2 points profit one.

Is this always like this (first in, first out) or is there a trick I can exit whichever contract I want??

Our P&L method is FIFO and there is no option for you to change. We do have options for how we display the Average Fill price.
Avg Open Fill - Highlights the price at which a user can scratch this trade if they flatten their position. The price will be highlighted in the bid or offer color depending on whether it is a long or short position.
Day Breakeven - Highlights the price at which a user can scratch their entire trading day if they flatten their position. The price will be highlighted in the bid or offer color depending on whether it is a long or short position.

Thanks Brian

If you have any questions about the products or services provided by CTS, please send me a Private Message or use the BMT "Ask Me Anything" thread
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  #13 (permalink)
Elite Member
Mumbai, India
 
Futures Experience: Advanced
Platform: ChartNexus
Favorite Futures: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,462 since Feb 2012
Thanks: 3,022 given, 2,449 received

Qustions realted to accessing unfilled orders


Three questions:

1. If I have entered auto-OCO orders and click on an open order, say the target order, thus cancelling it, I assume that the counterpart order i.e the stop loss order gets cancelled too. This is more of a confirmation kind of question.

2. My second question is, if my orders are quite far off to be visible in the DOM e.g. 100 ticks away, then the only way to access the order for modification is by going to the unfilled orders window and right-clicking and bringing up the "Modify" dialog. Is there any way to "compress" the DOM to be able to view these orders and then drag drop them for adjustment?

3. The third question is - if stop loss orders, for e.g., of two different orders reside on the same price level they are shown bunched up as a single (additive) number and there is no way to quick cancel (or move) only one of the orders by clicking on them. So I need to go to the "Modify" dialog again. Is there an easier way to do the cancellation / modification of a single order via the DOM?

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  #14 (permalink)
 Vendor: www.ctsfutures.com 
Chicago, IL
 
Futures Experience: None
Platform: CTS
Favorite Futures: oil
 
CTS1's Avatar
 
Posts: 48 since Feb 2013
Thanks: 4 given, 58 received


iqgod View Post
Three questions:

1. If I have entered auto-OCO orders and click on an open order, say the target order, thus cancelling it, I assume that the counterpart order i.e the stop loss order gets cancelled too. This is more of a confirmation kind of question.

2. My second question is, if my orders are quite far off to be visible in the DOM e.g. 100 ticks away, then the only way to access the order for modification is by going to the unfilled orders window and right-clicking and bringing up the "Modify" dialog. Is there any way to "compress" the DOM to be able to view these orders and then drag drop them for adjustment?

3. The third question is - if stop loss orders, for e.g., of two different orders reside on the same price level they are shown bunched up as a single (additive) number and there is no way to quick cancel (or move) only one of the orders by clicking on them. So I need to go to the "Modify" dialog again. Is there an easier way to do the cancellation / modification of a single order via the DOM?

1. Once an Auto OCO order is filled and the limit and stop are working, you can cancel one leg without the other being canceled. In a regular OCO order if you cancel one leg the other will automatically cancel.
2.No, you can't compress but you can use the scrolling arrows to reach the order or right click on the red/blue center button and you can type in the price and the ladder will go to that price.
3. If you right click on the working order on the DOM an order ticket will populate with the separate orders so you can cancel or modify the order you want. This way you don't need to leave the DOM and go to the order book.

Thanks Brian

If you have any questions about the products or services provided by CTS, please send me a Private Message or use the BMT "Ask Me Anything" thread
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  #15 (permalink)
Elite Member
Richmond,UK
 
Futures Experience: Beginner
Platform: TT
Broker/Data: TT,
Favorite Futures: FGBL
 
Posts: 17 since Aug 2010
Thanks: 0 given, 17 received

Spreads

Futures Edge on FIO

Which products do you trade?

 
Hi brain,

Just the ability to chart user defined spreads, and i would be out of TT and over to CTS.

Any ideas on the time line...

thanks

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  #16 (permalink)
 Vendor: www.ctsfutures.com 
Chicago, IL
 
Futures Experience: None
Platform: CTS
Favorite Futures: oil
 
CTS1's Avatar
 
Posts: 48 since Feb 2013
Thanks: 4 given, 58 received


Itsjustamarket View Post
Hi brain,

Just the ability to chart user defined spreads, and i would be out of TT and over to CTS.

Any ideas on the time line...

thanks

We are in the final phase with our auto spreader which will also include the feature to chart defined spreads. We hope to have it in Beta in March and if all goes well release sometime in April.

Thanks Brian

If you have any questions about the products or services provided by CTS, please send me a Private Message or use the BMT "Ask Me Anything" thread
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  #17 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,652 since Jun 2009
Thanks: 29,044 given, 80,645 received

Just a note to all, Brian will be back on futures.io (formerly BMT) for a full webinar presentation on Thursday, May 2nd @ 4:30 PM ET.

The topic will include new CTS T4 features such as their new auto-spreader and new options platforms.

More details as we get closer to the event.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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  #18 (permalink)
Trading for Fun
london
 
Futures Experience: None
Platform: various
Favorite Futures: Glockenspiel
 
Posts: 166 since Jan 2012
Thanks: 43 given, 152 received

I'd like to see:

1. The ability to enter negative prices in the order ticket (essential for spreads - and an issue you will get more of if introducing an autospreader). It's a bit annoying having to scroll through the prices - which is the only way to adjust a price from an existing quote.

2. When I open an order ticket off the quote board (how I tend to trade spreads), it would be good if I could save the ticket type as advanced. Every time I open a ticket, I have to change it to advanced.

3. It would be good if I could see depth of market from the Quote Board as in other platforms, rather than having to open up a Contract window.

Overall, a nice and stable platform though. Nice work!

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  #19 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,652 since Jun 2009
Thanks: 29,044 given, 80,645 received

Tip


There will be a Live AMA session on Tuesday, March 12th @ 12:00 PM ET.

- Quick and casual, 30 minute cap
- No prepared presentation
- Live screen sharing
- Floor will be opened immediately to questions
- Recording uploaded to AMA thread afterwards
- Attend live to get your questions answered

The link for the event is:
https://www3.gotomeeting.com/register/459590470




Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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The following 2 users say Thank You to Big Mike for this post:
 
  #20 (permalink)
Elite Member
Alesia E.U.
 
Futures Experience: Intermediate
Platform: Sierra chart
Favorite Futures: Futures
 
Posts: 166 since Feb 2011
Thanks: 139 given, 108 received


Hi

I'm using CTS with Sierra charts and i'm very satisfied , all works fine.
I'd like to have the price of futures formatted as it's formatted by the exchange , i.e.: ES or CL on CTS are shown and sent without period 151675 and 9102 i have to convert them in order to display with SC.
with CL ,during fast market , very few times i noticed a little lag in the reception of the data, compared with TT or Iqfeed , do you plan to increase the bandwith and velocity of the data feed ?
Regards
Max

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