Platform for trading from chart + serverside OCO - futures io
futures io futures trading



Platform for trading from chart + serverside OCO


Discussion in Platforms and Indicators

Updated
      Top Posters
    1. looks_one ejtrader with 5 posts (1 thanks)
    2. looks_two Big Mike with 4 posts (1 thanks)
    3. looks_3 ikeaboy with 3 posts (0 thanks)
    4. looks_4 Lornz with 2 posts (0 thanks)
      Best Posters
    1. looks_one josh with 1 thanks per post
    2. looks_two terratec with 1 thanks per post
    3. looks_3 Big Mike with 0.3 thanks per post
    4. looks_4 ejtrader with 0.2 thanks per post
    1. trending_up 6,450 views
    2. thumb_up 6 thanks given
    3. group 7 followers
    1. forum 21 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

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

 
Search this Thread
 

Platform for trading from chart + serverside OCO

(login for full post details)
  #1 (permalink)
Stockholm
 
Experience: Intermediate
Platform: NinjaTrader, Multicharts, Tradestation
Trading: US and Canadian Stocks
 
ikeaboy's Avatar
 
Posts: 59 since Jun 2010
Thanks: 21 given, 5 received

I am currently using Tradestation but I am looking for another platform because it is not possible to manage orders directly from the chart. The first thing which comes to my mind is Ninjatrader.. however the OCO capability is not serverside...

So can someone suggest a platform where i can trade from the chart and the OCO functionality is serverside?

Started this thread Reply With Quote

Can you help answer these questions
from other members on futures io?
Short Interest Ratio indicator?
ThinkOrSwim
SimplerOptions
Trading Reviews and Vendors
Second Entry Indicator (Looking for testers/feedback)
NinjaTrader
MACD line not plotting after change of plot order
NinjaTrader
Reading A set of Trading Signals
EasyLanguage Programming
 
 
(login for full post details)
  #3 (permalink)
Germany
 
Experience: Beginner
Platform: MultiCharts, NinjaTrader
Broker: IB/IQFeed
Trading: NQ, YM
 
Posts: 81 since Jun 2009
Thanks: 113 given, 63 received


If Iam not mistaking then the upcoming MultiCharts 7 could do that. At least with Interactive Brokers. Might work with others at well, did not check..

Reply With Quote
 
(login for full post details)
  #4 (permalink)
Zurich Switzerland
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: ES, 6E, CL
 
Posts: 404 since Sep 2009
Thanks: 64 given, 515 received

Serverside OCO depends on your broker.
Where do your orders reside? - NinjaTrader Support Forum

Reply With Quote
The following user says Thank You to terratec for this post:
 
(login for full post details)
  #5 (permalink)
Oslo, Norway
 
Experience: Advanced
Platform: CQG, Excel
Trading: CL
 
Lornz's Avatar
 
Posts: 1,198 since Apr 2010

CQG IC

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #6 (permalink)
Stockholm
 
Experience: Intermediate
Platform: NinjaTrader, Multicharts, Tradestation
Trading: US and Canadian Stocks
 
ikeaboy's Avatar
 
Posts: 59 since Jun 2010
Thanks: 21 given, 5 received

so there is no way to get a zen-fire or zen-fire like feed and the oco-functionality?

Started this thread Reply With Quote
 
(login for full post details)
  #7 (permalink)
Bala, PA, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus, IB
Trading: SPY, Oil, Euro
 
monpere's Avatar
 
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,338 received


ikeaboy View Post
so there is no way to get a zen-fire or zen-fire like feed and the oco-functionality?

You have to have a broker that supports server side oco, in addition to a zenfire data feed. For instance, with a Ninjatrader multi broker license, you can get zenfire data feed from any broker, and execute orders with Interactive Brokers which supports server side oco.

Reply With Quote
The following user says Thank You to monpere for this post:
 
(login for full post details)
  #8 (permalink)
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,785 since Jun 2009
Thanks: 32,314 given, 97,577 received


ikeaboy View Post
so there is no way to get a zen-fire or zen-fire like feed and the oco-functionality?

Zen fire supports OCO. But like the document in post #4 says, it is simulated. This is not a platform limitation but a broker (zen fire) limitation.

Pretty much your only choice is IB if you require server side OCO. You can use IB with Ninja, MultiCharts, etc.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Big Mike for this post:
 
(login for full post details)
  #9 (permalink)
Stockholm
 
Experience: Intermediate
Platform: NinjaTrader, Multicharts, Tradestation
Trading: US and Canadian Stocks
 
ikeaboy's Avatar
 
Posts: 59 since Jun 2010
Thanks: 21 given, 5 received

thank you guys!

Started this thread Reply With Quote
 
(login for full post details)
  #10 (permalink)
Portland, OR
 
Experience: Intermediate
Platform: Sierra Chart
Trading: ES
 
Posts: 269 since Jan 2011
Thanks: 327 given, 180 received


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 :

https://www.sierrachart.com/index.php?page=doc/error.php

Thanks.

Reply With Quote
 
(login for full post details)
  #11 (permalink)
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,785 since Jun 2009
Thanks: 32,314 given, 97,577 received


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?

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #12 (permalink)
Portland, OR
 
Experience: Intermediate
Platform: Sierra Chart
Trading: ES
 
Posts: 269 since Jan 2011
Thanks: 327 given, 180 received

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


Reply With Quote
 
(login for full post details)
  #13 (permalink)
Portland, OR
 
Experience: Intermediate
Platform: Sierra Chart
Trading: ES
 
Posts: 269 since Jan 2011
Thanks: 327 given, 180 received

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


Reply With Quote
The following user says Thank You to ejtrader for this post:
 
(login for full post details)
  #14 (permalink)
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,785 since Jun 2009
Thanks: 32,314 given, 97,577 received


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

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #15 (permalink)
Portland, OR
 
Experience: Intermediate
Platform: Sierra Chart
Trading: ES
 
Posts: 269 since Jan 2011
Thanks: 327 given, 180 received

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


Reply With Quote
 
(login for full post details)
  #16 (permalink)
Legendary Market Wizard
Georgia, US
 
Experience: None
Platform: SC
Broker: AMP+CQG
Trading: ES, HSI, Nikkei
 
josh's Avatar
 
Posts: 5,466 since Jan 2011
Thanks: 6,054 given, 14,510 received

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?

Reply With Quote
The following 2 users say Thank You to josh for this post:
 
(login for full post details)
  #17 (permalink)
New York, NY
 
Experience: Intermediate
Platform: Sierra Chart, thinkorswim
Broker: Amp-Rithmic/TT, IB
Trading: CL, GC, NQ
 
Posts: 578 since Nov 2010
Thanks: 1,859 given, 250 received


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.

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #18 (permalink)
Legendary Market Wizard
Georgia, US
 
Experience: None
Platform: SC
Broker: AMP+CQG
Trading: ES, HSI, Nikkei
 
josh's Avatar
 
Posts: 5,466 since Jan 2011
Thanks: 6,054 given, 14,510 received


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.

Reply With Quote
 
(login for full post details)
  #19 (permalink)
Portland, OR
 
Experience: Intermediate
Platform: Sierra Chart
Trading: ES
 
Posts: 269 since Jan 2011
Thanks: 327 given, 180 received

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.


Reply With Quote
 
(login for full post details)
  #20 (permalink)
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,785 since Jun 2009
Thanks: 32,314 given, 97,577 received

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

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #21 (permalink)
Russia, St.Petersburg
 
Experience: Advanced
Platform: NinjaTrader, CQG Desktop
Broker: NinjaTrader/CQG
Trading: Futures
 
Jonson's Avatar
 
Posts: 246 since Jan 2011
Thanks: 212 given, 115 received

if you use zenfire or rithmic as datafeed, use R | Trader platform for bracket and oco orders being stored on the server

* If investing gets too difficult for a seventh grader to understand, the system is needlessly complex
* Markets produce an enormous volume of information, much of which is redundant
* In every game and con there's always an opponent, and there's always a victim. The trick is to know when you're the latter, so you can become the former
Reply With Quote
 
(login for full post details)
  #22 (permalink)
New York, NY
 
Experience: Intermediate
Platform: Sierra Chart, thinkorswim
Broker: Amp-Rithmic/TT, IB
Trading: CL, GC, NQ
 
Posts: 578 since Nov 2010
Thanks: 1,859 given, 250 received


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.

Received clarification on this from Rithmic:

"When you submit a bracket order, the oco portion is submitted along with the entry so once accepted by the system, all parts reside on the system. the oco will get submitted to the exchange as appropriate whether or not your r | trader session is connected."

Follow me on Twitter Reply With Quote


futures io Trading Community Platforms and Indicators > Platform for trading from chart + serverside OCO


Last Updated on September 10, 2012


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Battlestations! Show us your trading desk - $1,500 in prizes!

March
 

Importance of Finding Your Own Way w/Adam Grimes

Elite only
 

Journal Challenge w/Jigsaw

April
     



Copyright © 2021 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