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Complex order type with CQG IC/QTrader


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Complex order type with CQG IC/QTrader

  #1 (permalink)
montreal quebec/canada
 
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Complex order type with CQG IC/QTrader

I would like to know if it is possible with CQG IC or QTrader to create a complex order like in NT for example.

For example if you sell 4 contracts 2 of them will have a target at X points and the other 2 will have not target but a trailing stop.

I know that you can do that manually by entering 2 different orders but is it possible to do that in 1 click ?

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Okina Tora.

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  #2 (permalink)
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Okina View Post
I would like to know if it is possible with CQG IC or QTrader to create a complex order like in NT for example.

For example if you sell 4 contracts 2 of them will have a target at X points and the other 2 will have not target but a trailing stop.

I know that you can do that manually by entering 2 different orders but is it possible to do that in 1 click ?

Thanks.
Okina Tora.

So for example: you sell 4 contracts and then want to buy back 2 of them at, say, 30 ticks profit and for the other 2 have a, say, 10 ticks trailing stop?

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  #3 (permalink)
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xplorer View Post
So for example: you sell 4 contracts and then want to buy back 2 of them at, say, 30 ticks profit and for the other 2 have a, say, 10 ticks trailing stop?

Yes exactly that is the idea.

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  #4 (permalink)
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Okina View Post
Yes exactly that is the idea.

Simplistically speaking, I don't think you can, at least with QTrader (I may be wrong).

There is an automated way to set an automated target and stop, for example set a number of ticks from the entry price, and the stop can be fixed or trailing. You can do that with the bracket orders but you're probably familiar with those already.

The problem with those is that whatever you set applies to all contracts, not just a portion.

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  #5 (permalink)
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I think it is the case unfortunately. This is a serious limitation for CQG. I have tried to open several DOM but you can't set different bracket rules. The same one apply everywhere.

If someone else have an idea I take it ?

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  #6 (permalink)
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why not place 2 orders with diff criteria?

You sold 4

First order: 2 contracts fixed target
Second order: 2 contracts no target just trailing

and can u make the second order open upon execcution of first? not familiar wiith CQG but just a thought

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  #7 (permalink)
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jokertrader View Post
You sold 4

First order: 2 contracts fixed target
Second order: 2 contracts no target just trailing

and can u make the second order open upon execcution of first? not familiar wiith CQG but just a thought


Okina View Post
I know that you can do that manually by entering 2 different orders but is it possible to do that in 1 click ?


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  #8 (permalink)
montreal quebec/canada
 
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I'm still waiting to receive an answer from CQG. I think I could do what I want to do but with 2 separate accounts each one having is own setting. It will involve 2 clicks (in 2 different DOM) instead of one but it is doable. Opening the DOm setting in order to change the parameters after each trade is not an option since it will take at least 30s. It is way to long.

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