OSO Orders in TradeManager functionality

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HarrisonProgramming
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OSO Orders in TradeManager functionality

Postby HarrisonProgramming » 24 Aug 2017

Hello MultiCharts,

Thank you for features like the TradeManager functionality (ITradeManager interface, TradingProfiles and TradingData Properties). This allows users to place, track and manage orders for trading automation. One can use it to create higher-level trading automation with automatic restart which will enable automation to continue by itself from a data/internet disconnection.

OCO orders, particularly those native ones provided by brokers, are great for real-time trading risk control via stop, target and even timed exit orders on broker servers. The PlaceOCOOrders method of ITradingProfile property enables us to do so.

OSO orders (Order-Send-Order), particularly those native ones provided by brokers (such as IB), offer another level of real-time trading risk control, because the position will be protected by exit orders as soon as the entry order is filled, regardless if the user platform is connected to the brokers or not. Furthermore, OSO orders reduce the complexity of automation algorithms on the user side.

Would MultiCharts consider adding OSO orders in the TradingProfiles property of the ITradeManager interface, particularly to work with brokers who offer OSO orders? Thank you for your consideration.

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Henry MultiСharts
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Re: OSO Orders in TradeManager functionality

Postby Henry MultiСharts » 25 Aug 2017

Hello HarrisonProgramming,

Thank you for your suggestion. Currently this is not something that is in our to-do list. You can follow and vote for the corresponding feature request in the Project Management section: https://www.multicharts.com/pm/public/m ... es/MC-1023
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HarrisonProgramming

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HarrisonProgramming
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Re: OSO Orders in TradeManager functionality

Postby HarrisonProgramming » 25 Aug 2017

Hi Henry, Thank you!

For those of you who may use OSO to help manage your real-time trading risk and make your trading code less complex, please follow the link provided by Henry and vote + for it. Thank you.

-- Harrison


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