CQG Trader - Bracket Orders for free? - CQG | futures io social day trading
futures io futures trading


CQG Trader - Bracket Orders for free?
Updated: Views / Replies:5,027 / 11
Created: by Malvolio Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you dont need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

CQG Trader - Bracket Orders for free?

  #1 (permalink)
Elite Member
Frankfurt, Germany
 
Futures Experience: Advanced
Platform: TT
Broker/Data: Advantage Futures
Favorite Futures: Futures
 
Malvolio's Avatar
 
Posts: 141 since Nov 2010
Thanks: 93 given, 82 received

CQG Trader - Bracket Orders for free?

Hi,

I have a question concerning the bracket orders in CQG Trader. I remember the webinar from Virgil from CQG. If Im right he told that bracket orders are free and only smart orders would cost money. Is that right?
If so, was this only for Velocity or for every FCM?

Thanks!

Malvolio

Reply With Quote
 
  #2 (permalink)
 Vendor: www.velocityfutures.com 
Houston Texas USA
 
Futures Experience: Advanced
Platform: X_TRADER
 
Posts: 63 since Sep 2010
Thanks: 30 given, 42 received


Malvolio View Post
Hi,

I have a question concerning the bracket orders in CQG Trader. I remember the webinar from Virgil from CQG. If Im right he told that bracket orders are free and only smart orders would cost money. Is that right?
If so, was this only for Velocity or for every FCM?

Thanks!

Malvolio

Hi Malvolio,

You're correct. OCO orders are free and available for use in CQG Trader.

I don't see how this wouldn't apply to every FCM.

Best regards,

Dale

If you have any questions about our services at Velocity Futures please send me a private message.

Last edited by Dale Box; September 22nd, 2011 at 12:42 PM. Reason: forgot to sign
Reply With Quote
 
  #3 (permalink)
Membership Permanently Revoked
 
Futures Experience: Intermediate
 
Posts: 1,176 since Nov 2009
Thanks: 221 given, 844 received

Answer
This post has been selected as an answer to the original posters question Answer


you can have access to all the CQGTrader order types (Advanced Trading) by going with an FCM that will let you pay the $125 per month, while doing a transaction cap at $395 still... all you have to do is ask... and if I recall, @Dale Box had said they would honor such requests...

Reply With Quote
 
  #4 (permalink)
Elite Member
Frankfurt, Germany
 
Futures Experience: Advanced
Platform: TT
Broker/Data: Advantage Futures
Favorite Futures: Futures
 
Malvolio's Avatar
 
Posts: 141 since Nov 2010
Thanks: 93 given, 82 received

Hi,

thanks so far for your answer!
The question is if I have to pay for it or not. Virgil tolds that brackets are free of charge though they are part of smart orders which cost 125,-.
So I dont know if this is only possible with Velocity or with ervery FCM (if his statement is right).
@ Dale, I dont mean OCO but brackets, OCO always are available.

Best regards,
Malvolio

Reply With Quote
 
  #5 (permalink)
Membership Permanently Revoked
 
Futures Experience: Intermediate
 
Posts: 1,176 since Nov 2009
Thanks: 221 given, 844 received


Malvolio View Post
Hi,

thanks so far for your answer!
The question is if I have to pay for it or not. Virgil tolds that brackets are free of charge though they are part of smart orders which cost 125,-.
So I dont know if this is only possible with Velocity or with ervery FCM (if his statement is right).
@ Dale, I dont mean OCO but brackets, OCO always are available.

Best regards,
Malvolio

hehehe... brackets are only in advanced... OCO are standard... but with advanced you also get the dom based stops... and it is possible with any FCM that is willing to support it... I only tried Crossland and Advantage, but as per Dale, he will support it which means velocity as well.. but @Dale Box will give you a true and final answer as the rep for velocity, I dont want to speak for him..

Reply With Quote
 
  #6 (permalink)
 Vendor: www.velocityfutures.com 
Houston Texas USA
 
Futures Experience: Advanced
Platform: X_TRADER
 
Posts: 63 since Sep 2010
Thanks: 30 given, 42 received


sysot1t View Post
hehehe... brackets are only in advanced... OCO are standard... but with advanced you also get the dom based stops... and it is possible with any FCM that is willing to support it... I only tried Crossland and Advantage, but as per Dale, he will support it which means velocity as well.. but @Dale Box will give you a true and final answer as the rep for velocity, I dont want to speak for him..

Correct gents!

I can definitely enable this feature for anyone interested.

If you have any questions about our services at Velocity Futures please send me a private message.
Reply With Quote
 
  #7 (permalink)
Logician
Chicago, IL/USA
 
Futures Experience: Advanced
Platform: CTS T4/Sierra Chart
Favorite Futures: Futures
 
zer0's Avatar
 
Posts: 139 since Jun 2011
Thanks: 49 given, 186 received

Dale, do you include the 'smart orders' feature with the $395 maximum? I'm just trying to be clear on the combined cost. Would it be a monthly minimum of $125 ($100 for the smart orders, $25 for data) with a monthly maximum of $395, or $395 + $125 totaling $520/mo? Thanks.


Dale Box View Post
Correct gents!

I can definitely enable this feature for anyone interested.


Reply With Quote
 
  #8 (permalink)
Membership Permanently Revoked
 
Futures Experience: Intermediate
 
Posts: 1,176 since Nov 2009
Thanks: 221 given, 844 received


zer0 View Post
Dale, do you include the 'smart orders' feature with the $395 maximum? I'm just trying to be clear on the combined cost. Would it be a monthly minimum of $125 ($100 for the smart orders, $25 for data) with a monthly maximum of $395, or $395 + $125 totaling $520/mo? Thanks.

what I was getting from Crossland was, $395 max... period... after that no more platform transaction fees, so the transaction fees would drop by .50c RT.. so the $125 is included on the $395... which is also what I was told by the CQG rep directly...

keep in mind the $25 or $125 are basically the minimun charged by CQG for their order routing (which includes their market data) passed on by the FCM for the transaction... the maximun from CQG for the trader is $395 per month.... at which point in time, transactions fees would stop... (this might be passed on or not by the FCM)..

now, by default Velocity and a few others include the minimun costs o the transaction fees and you dont see the $25 a month min by being built-in, please note they are not the only ones.. everyone else pretty much does it that way as it helps them manage their overall costs and revenue streams.. (meaning, some customers will only trade 10 cars a month, while others will trade 1000's a month, there is usually an imbalance and a non-consistency from all traders, so the 1000 a month might be 10 a month every so often)... it is up to the individual trader to educate himself about the business and ask, or be educated by being charged..

PS. I say was getting charged because I switched to CQGIC and I pay directly to CQG now.

Reply With Quote
The following user says Thank You to sysot1t for this post:
 
  #9 (permalink)
Elite Member
Prague, Czech Republic
 
Futures Experience: Advanced
Platform: AgenaTrader, Track'nTrade
Broker/Data: DeCarley/OEC, IBKR, IQFeed
Favorite Futures: futures, options
 
Posts: 180 since Sep 2010
Thanks: 66 given, 83 received

@sysot1t: nice to see another one on CQGIC - there are not many of us here. how is it working for you so far?

Reply With Quote
The following user says Thank You to rani for this post:
 
  #10 (permalink)
Membership Permanently Revoked
 
Futures Experience: Intermediate
 
Posts: 1,176 since Nov 2009
Thanks: 221 given, 844 received



rani View Post
@sysot1t: nice to see another one on CQGIC - there are not many of us here. how is it working for you so far?

learning curve: steep...formula language docs suck and there are very few examples to learn from that can be of use.. I mean how meaninful is "((ATR(@,Sim,ATRPeriod),ADC)[-1] WHEN (B1 XABOVE 0))*(PercentoOfATR/100)"? it still taking me time to understand syntax and what can be done, what is allowed, etc.... at least their prod specialists are willing to spend time with you... so that is how I converted some of my systems from MD to it.. by them doing it for me..

other than that, I love the fact I can have my accounts at crossland and velocity under the same platform and can trade both at the same time. I also love the Trade System Optimizer (TSO) and Signal Evaluator(SigE)... easy to test ideas and then fine tune them.. I found out my profit targets were a joke... e.g. DA6 was 200PT/20SL per contract.. TSO showed me it could be 800PT/26SL.. a 6 tick increase in risk for a 4 fold increase in profit possibility... just awesome.

I increased the overall profitability of one of my portfolio trading systems by eliminating the instruments that generated the least amount of profitability while generating the most number of trades (e.g. TFE, DSX, DD).. for example.. DD had a 1.9 ProfitLossRatio, 85% Winner with 387 transactions over the past 52 days... but USA had 1.86 ProfitLossRatio, 42% Winners with 185 Transactions.. their net $$$ was $17K in favor of USA... guess where I am putting more weight on that portfolio now.. it even helped me find other candidates to add.. things I would normally not touch... so I am loving the whole TSO/SigE thing... even with its own drawbacks (server has 16 cores and 32GB.. it wont use them all and it complaints about CPU resources not available... one eval took 16 hours ...)

I havent use the spreader yet, that is this coming week or next... need to continue to get familiar with the interface and then determine what I really need to reduce the costs... right now I am paying ~$3500 this month and more than likely next month as well. I budgetted for 3 months of practice and getting used to it and I wanted to continue with everything that I had for the month trial period.. but I dont think I need all the stuff in there, planning to get rid of a few (API RT and Historical, Pre-Trade Analytics, Order Ticker, Market Scan, Adv Options, and maybe even TFlow)...

luckily, I signed the contract for Base+Advanced trading and then I asked the rep to please add the rest and bill me for use.. I am even considering if I need the spreader or not.. but we will see what happens when I trade it live in a few weeks.. thus far, while nice to have a single DOM for it to execute the legs, since I am not scalping the spreads, not sure if it makes that much of a difference to me to give up a tick.. not sure yet.. is it worth $1K a month? tbd... pre-trade analytics is promising, but I have to get more used to writing system on the language, and that will take time.. so TFLow and Pre-Trade are TBD as well.. maybe in the future once I am proficient at the platform..

if I keep it all, that means the first $300 of any day go to CQG, if I keep only what I need .. it becomes $200... dont know yet... not that much difference really... anyhow, I fed the API RT and Historical to MD and that was nice to have coming in, and it all worked over cell (huge latency ~300ms, but it worked, which doesnt happen with IQFeed).. I use the hoadley tools for my options, so not really sure what their adv options get me yet, I havent compared the two...

in any event, great tool, glad that I decided on using it full time for the retirement accounts where I just need to make $$$ consistenly and not play around.. sorry about the ranting, I needed to kind of speak to myself as well to see what I have to decide about the feature configuration..

PS. Apologies to the OP, not trying to hijack the thread.


Last edited by sysot1t; September 24th, 2011 at 03:10 PM.
Reply With Quote
The following 3 users say Thank You to sysot1t for this post:

Reply



futures io > > > > CQG Trader - Bracket Orders for free?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
CQG Trader Malvolio CQG 23 June 21st, 2014 01:00 AM
Ninjatrader Bracket orders 393mach1 NinjaTrader 19 March 6th, 2012 10:08 AM
NT7 Bracket orders turkmay NinjaTrader 2 September 17th, 2011 05:58 PM
CQG platform (CQG Trader/CQG Integrated Client) Big Mike CQG 91 July 24th, 2011 09:46 AM
Catching breakouts using OCO stop limit bracket orders for entries dennho Traders Hideout 4 October 1st, 2010 09:51 AM


All times are GMT -4. The time now is 02:24 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-17 in 0.17 seconds with 39 queries on phoenix via your IP 54.82.56.95