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Platform for trading from chart + serverside OCO
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Platform for trading from chart + serverside OCO

  #11 (permalink)
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ejtrader View Post
If I am not mistaken - rithmic + ( multicharts or sierra charts) - does allow Server side OCO orders.

Also OEC+Sierra Charts allow this - as per this link :

OEC - server side managed orders - Sierra Chart

Thanks.

Interesting, why Rithmic would offer this and Zen Fire not. But I do not know for sure, do you have a link regarding Rithmic being native OCO on server side when using Sierra or MultiCharts?

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  #12 (permalink)
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Mike - I don't have a link for sierra+rithmic on server side but based on the conversation with broker.

Would do some more research on this and post.

Thanks.


Big Mike View Post
Interesting, why Rithmic would offer this and Zen Fire not. But I do not know for sure, do you have a link regarding Rithmic being native OCO on server side when using Sierra or MultiCharts?

Mike


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  #13 (permalink)
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Mike - As per this link - for Rithmic + Sierra - it's NOT server side OCO.

Sierra Chart - Rithmic Platform Service

For Server managed OCO using Sierra:
OEC, IB
Sierra Chart - OpenECry Trading Service
Sierra Chart - Interactive Brokers Trading Service

Thanks


Big Mike View Post
Interesting, why Rithmic would offer this and Zen Fire not. But I do not know for sure, do you have a link regarding Rithmic being native OCO on server side when using Sierra or MultiCharts?

Mike


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  #14 (permalink)
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ejtrader View Post
Mike - As per this link - for Rithmic + Sierra - it's NOT server side OCO.

Sierra Chart - Rithmic Platform Service

For Server managed OCO using Sierra:
OEC, IB
Sierra Chart - OpenECry Trading Service
Sierra Chart - Interactive Brokers Trading Service

Thanks

Thanks, that's what I thought. So basically IB is the only choice for native server side OCO, or TD Ameritrade which pretty much no one supports.

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.
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  #15 (permalink)
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OEC + Sierra as well supports Server side OCO.

Sierra Chart - OpenECry Trading Service


Big Mike View Post
Thanks, that's what I thought. So basically IB is the only choice for native server side OCO, or TD Ameritrade which pretty much no one supports.

Mike


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  #16 (permalink)
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I thought this thread might be appropriate to post my recent findings.

OCO orders placed in Sierra Chart through CTS are true server-side OCO.

However, you still have to make sure that your initial order that opens the position has been filled to ensure protection. For example, if you have an open position and use Sierra to place an OCO bracket, then you are good to go--server-side OCO. However, imagine you place a buy limit below the market with your attached orders sent along with the order. Well, the bracket orders have not been sent yet, since there is no open position. So, let's say you walk away from the computer before your limit is filled. After you walk away and before the limit is filled, your internet goes down, your power goes out, or some other catastrophe occurs. Well, you now have a limit order in the market, unprotected, and if you are filled you have a naked position.

Using CTS's interface, you can easily attach an "AutoOCO" to a stop, limit, stop-limit, and probably other types (which I have not yet tested). This order actually contains the OCO instructions, so that in this case if you leave the computer with the aforementioned limit order in place, this time using CTS to attach an AutoOCO, then you are covered in the event of a local failure, as the limit/stop/etc contains the OCO.

I asked Sierra tonight if they could implement attached orders through CTS such that the AutoOCO type was implemented, and the answer was that they had talked with CTS about this and due to technical reasons, they could not. This is disappointing, and for me kind of defeats the purpose of using Sierra for native OCOs through CTS, if the attached orders are not with the original order.

Am I being too demanding here? I mean, IB, CTS, and I guess OEC (from what I read above) are the only ones I know of (there may be others) that provide server-side OCO to begin with. But think about it for a minute--isn't it kind of crazy to trade any kind of leveraged instrument without this? Somehow I get the impression that professionals who trade real size of any kind (okay, "real size" makes me think 50-100 ES contracts for example) are backed up by super redundant internet, power, and other measures to ensure that they do NOT lose money because of a failure. My guess is that they might also use server-side orders as well, but hey, I'm not sure. If the question is, "can't you just call your broker?" the answer is of course yes, but isn't this just another level that can fail more easily than the servers at the broker/exchange?

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  #17 (permalink)
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josh View Post
I thought this thread might be appropriate to post my recent findings.

OCO orders placed in Sierra Chart through CTS are true server-side OCO.

However, you still have to make sure that your initial order that opens the position has been filled to ensure protection. For example, if you have an open position and use Sierra to place an OCO bracket, then you are good to go--server-side OCO. However, imagine you place a buy limit below the market with your attached orders sent along with the order. Well, the bracket orders have not been sent yet, since there is no open position. So, let's say you walk away from the computer before your limit is filled. After you walk away and before the limit is filled, your internet goes down, your power goes out, or some other catastrophe occurs. Well, you now have a limit order in the market, unprotected, and if you are filled you have a naked position.

Am I being too demanding here? I mean, IB, CTS, and I guess OEC (from what I read above) are the only ones I know of (there may be others) that provide server-side OCO to begin with. But think about it for a minute--isn't it kind of crazy to trade any kind of leveraged instrument without this? Somehow I get the impression that professionals who trade real size of any kind (okay, "real size" makes me think 50-100 ES contracts for example) are backed up by super redundant internet, power, and other measures to ensure that they do NOT lose money because of a failure. My guess is that they might also use server-side orders as well, but hey, I'm not sure. If the question is, "can't you just call your broker?" the answer is of course yes, but isn't this just another level that can fail more easily than the servers at the broker/exchange?

According to Optimus' site, Rithmic does server side OCO through their R Trader platform: Server Side OCO and Contingent Orders for Futures Futures Trading Blog for Independent Self-Directed Traders and System Traders

Not sure how it compares to the example above in regards to needing the initial order to be filled before its protected.

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  #18 (permalink)
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Futures Operator View Post
According to Optimus' site, Rithmic does server side OCO through their R Trader platform: Server Side OCO and Contingent Orders for Futures Futures Trading Blog for Independent Self-Directed Traders and System Traders

Not sure how it compares to the example above in regards to needing the initial order to be filled before its protected.

Yes you are correct, I was referring only to server-side OCOs with trades placed in Sierra Chart.

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  #19 (permalink)
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Thanks Josh.

When this thread was started at that time CTS+Sierra was NOT server side OCO and was introduced at a later time.

Thanks


josh View Post
I thought this thread might be appropriate to post my recent findings.

OCO orders placed in Sierra Chart through CTS are true server-side OCO.


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  #20 (permalink)
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CTS will be on in the next month or two for a webinar, we can definitely talk about this with them.

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.

Reply With Quote

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