Looking for new futures broker
- Thread starter rb7
- Start date
Mine are server-side and I use Amp with CQG and Sierra Chart.
https://www.sierrachart.com/SupportBoard.php?ThreadID=42778
most recent posts
Official by Sierra Chart:
https://www.sierrachart.com/SupportBoard.php?PostID=255262 "Server-side bracket orders are not supported with CQG."
https://www.sierrachart.com/index.php?page=doc/CQGTrading.php#Introduction "Server-side bracket orders are also supported with the Teton Order Routing Service, unlike with CQG"
So your bracket orders are not server side with Sierra Chart and CQG
A solution for the server-side question is to request another User&PSW (a double login) using also a free version of a CQG prop platform (like QTrader)
In this case you will pay at AMP 15$ monthly (I think, but I am not completely sure) + Exchange fees.
This is a good way for a real time backup, running 2 different platforms at the same time for the same trading account
In this case you will pay at AMP 15$ monthly (I think, but I am not completely sure) + Exchange fees.
This is a good way for a real time backup, running 2 different platforms at the same time for the same trading account
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Oh no. Thanks for sharing this. I won't trade unless they are server side, which means I have to look at what the alternatives are.
What a hassle. But it might be a good option. Thanks.
14:1 leverage is fine, even 100:1 is ok for intra day trading with markets like ES.
Just make sure to use a stop loss with every order (preferably one thats sits on Globex).
Let's take ES as example, depending on your strategy you could use a 5pt stop, or a 20pt stop, or a 50 pt stop. I guess there are people out there using 1 point stops or even 1 tick stops.
Lets say you buy 10 ES lots, and you have 25K in your account. Thats approximately 100:1 leverage.
If you use a stop loss of 5 points, your risk to your stop is $2500. Although you can reduce the $ risk to your stops by scaling into your position and not buying all at once.
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In SierraChart, you can check your Trading Activity Log...
When you submit a live order, TAL will contain a text entry if supported...
"Server side OCO order" or "Server Side Bracket Order" as appropriate.
Also, per one of the previously posted links, server side BRACKET orders with CQG has not been supported since Sierrachart v1819, which was in 2018!
Bracket orders and OCO orders are different things, each treated differently.
When you submit a live order, TAL will contain a text entry if supported...
"Server side OCO order" or "Server Side Bracket Order" as appropriate.
Also, per one of the previously posted links, server side BRACKET orders with CQG has not been supported since Sierrachart v1819, which was in 2018!
Bracket orders and OCO orders are different things, each treated differently.
Thanks. I guess I was thinking they were treated the same. I don't use bracket orders for entering new positions. I only need the stop loss and target orders to be server side. The Trading Activity Log (All Activity) shows that the stoploss and target were server side for a recent trade.
I personally use ICM and can use EagleFX for futures trading. Both offer something different. Spreads are better on ICM but commissions better on EagleFX so depends on how I aim trading.