CQG: Convert stop orders guaranteed to be executed to market orders  [SOLVED]

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wilkinsw
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CQG: Convert stop orders guaranteed to be executed to market orders

Postby wilkinsw » 03 Jan 2018

Hi,

Can someone shed some light on the new optional broker profile setting for cqg please?

"Convert stop orders guaranteed to be executed to market orders"

Not sure what that means exactly.

I would guess it means if a buy stop order is sent to the exchange with stop trigger price below the last traded price.....then CQG will automatically convert it to a market order instead of the order being rejected by the exchange? But then "stop orders guaranteed to be executed" doesn't fit my guess; as my guess refers to orders NOT guaranteed to be executed.

However, if my guess is correct...... what is being checked to see if the stop order needs converting? Chart price? Broker price? Something else?

Thanks!

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Anna MultiCharts
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Re: CQG: Convert stop orders guaranteed to be executed to market orders  [SOLVED]

Postby Anna MultiCharts » 12 Jan 2018

Hello, wilkinsw!

"Convert stop orders guaranteed to be executed to market orders" is an optional parameter.
When a stop order is placed with the prices:
Buy order price <=BestAsk,
Sell order price >=BestBid,
then we convert them to market orders. With this option enabled the orders that are guaranteed to be executed will not be rejected during trading.
Broker prices are taken into account.
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