CQG Broker Profile: Difference between revisions

CQG Broker Profile (view source)

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-To connect MultiCharts to CQG/AMP account, it is necessary to have CQG API installed on the computer.
+== General Information ==
-Also, please make sure that your PC meets CQG requirements and technical specifications http://www.cqg.com/Docs/CQGTraderSystemSpecs.pdf
-At the moment it is not possible to use multiple CQG accounts in MultiCharts. Only one and the same account should be used for getting data and trading. If different logins and passwords are entered in data source configuration and CQG broker profile, connection to data source will work, the broker profile will not.
+Please make sure that your PC meets CQG requirements and technical specifications: http://www.cqg.com/Docs/CQGTraderSystemSpecs.pdf
-Open position Profit/Loss is provided through CQG API.
+If you need '''data''' from CQG data source, make sure you have [[CQG|'''CQG data feed''']] set up.
-Unrealized Profit/Loss for the account is provided through CQG API.
+It is possible to use different accounts for getting data and trading.
+Indexes are supported only with Live CQG/AMP accounts.
+Open position Profit/Loss is calculated by MultiCharts. Unrealized Profit/Loss for the account is calculated by MultiCharts.
+Closed position Profit/Loss is calculated by MultiCharts.  Realized Profit/Loss for the account is calculated by MultiCharts.
 If MultiCharts sends a stop order with the price equal to current market price or better (guaranteed to be executed) it will be rejected by the broker. Therefore, MultiCharts converts such stop orders into market orders.
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 Stop-Limit orders with stop and limit levels not overlapping each other are rejected by the broker.
-When an orders is sent from MultiCharts to CQG broker to be executed on an expired contract, the broker will automatically redirect the order to the same symbol, but currently active contract.
+When an order is sent from MultiCharts to CQG broker to be executed on an expired contract, the broker will automatically redirect the order to the same symbol, but currently active contract.
-CQG does not support Native One-Cancels-Others group. In this case MultiCharts emulates OCO group on its end. Simulated OCO-group means that all OCO orders are sent to the broker, price is monitored by MultiCharts and once one of the orders is filled, other orders from this OCO group are cancelled by MultiCharts. When one of the OCO orders is filled, MultiCharts sends a command to cancel the second OCO order to broker.  Note that the second order may also be filled if price reaches its level before the cancellation is processed by the broker (see [[Trading Risks# OCO-Orders Risk|OCO-Orders Risk]]).
+CQG supports Native One-Cancels-Others group since version 9.1.
+Native OCO-group is used when the broker’s plug-in supports OCO-groups. In this case all OCO orders are sent to the broker directly and unfilled OCO orders will be cancelled by the broker (see [[Trading Risks# OCO-Orders Risk|OCO-Orders Risk]]).
-== AMP Futures Accounts ==
+== To connect CQG Broker Profile in MultiCharts: ==
-If you are an owner of AMP Futures broker account, you can connect to CQG data feed. Both real-time and historical data is available. To connect CQG data feed in MultiCharts:
+CQG '''accounts''' originally created for '''a different software will not work''' in MultiCharts. Customers need to contact their broker directly to setup their accounts for MultiCharts or request a new account.
-If there are any CQG applications installed on your PC, it is required to delete them prior to installing the supported version of CQG API:
+<div style="background-color: #E3FBE5;">'''Note''': CQG software and MultiCharts should not be launched simultaneously.</div>
-# '''Windows Start''' menu
-# '''Control Panel'''
-# '''Uninstall a program''' / '''Programs and Features'''
-# Select each of the following applications and uninstall all of them:
-#* '''CQG Trader'''
-#* '''CQG Auto Upgrade Service'''
-#* '''CQG Trader API'''
-#* '''CQGNet'''
-#* '''MultiCharts API''' (with CQG icon)
-'''For MultiCharts 8.8 Release and newer versions you need to install the following version of CQG API''': https://dl.dropboxusercontent.com/u/27918922/API/Multicharts_COMAPI_en-US_production_V6.00.700_Install.msi
+== Setting up CQG Broker Profile ==
-'''If you are using MultiCharts 8.0 Release or any previous version, install the following version of CQG API''': https://dl.dropboxusercontent.com/u/95112551/Multicharts_COMAPI_en-US_production_V4.04.542_Install.msi
+In the '''Properties CQG''' window (see [[Broker Profiles Overview#Managing Broker Profiles|Managing Broker Profiles]]) enter the information provided by CQG: <br>
-AMP accounts originally created for a different software will not work in MultiCharts. Customers need to contact AMP directly to setup their accounts for MultiCharts or request a demo account here: http://www.ampclearing.com/multicharts.html
+::* Authorization section.<br>Enter '''Login''' and '''Password'''.
+::* Connectivity section.<br>Make sure that the '''Server Name''' is correct.<br> From the drop-down list select '''Sim''' for a Demo account, '''Live''' for a Real account. <br>'''Custom''' should be selected only if you received specific settings and instructions from your broker.
-== Any Other Broker Accounts ==
+Enable '''Convert stop orders guaranteed to be executed to market orders''' checkbox if you want Stop orders to be converted into market/limit when they are guaranteed to be executed.<br>
+When this option is checked, the conversion is performed according to the following conditions:
-If you are an owner of a broker account working through CQG API ('''not AMP Futures'''), '''starting with MultiCharts 8.8 beta 1''' you can connect to CQG data feed. Only real-time data is available. To connect CQG data feed in MultiCharts:
+* If the Buy stop trigger price  is (<=BestAsk and <=LastTrade) or <=BestBid, then convert and submit a market order;
+* If the Sell stop trigger price is (>=BestBid) and (>=LastTrade) or >=BestAsk, then convert and submit a market order.
-If there are any CQG applications installed on your PC, it is required to delete them prior to installing the supported version of CQG API:
-# '''Windows Start''' menu
-# '''Control Panel'''
-# '''Uninstall a program''' / '''Programs and Features'''
-# Select each of the following applications and uninstall all of them:
-#* '''CQG Trader'''
-#* '''CQG Auto Upgrade Service'''
-#* '''CQG Trader API'''
-#* '''CQGNet'''
-#* '''MultiCharts API''' (with CQG icon)
-# Install the following version of CQG API: https://dl.dropboxusercontent.com/u/95112551/Multicharts_COMAPI_en-US_production_V4.05.101_Install.msi
-== Setting up CQG Broker Profile ==
-In the '''Properties CQG''' window (see [[Broker Profiles Overview#Managing Broker Profiles|Managing Broker Profiles]]) enter the information provided by CQG:
+Enable '''Convert stop limit orders into limit orders if stop price is hit upon order placement''' checkbox if you want Stop-Limit orders to be converted into Limit when the stop price is reached when the order is placed.
-# Authority section. <br> Enter '''Login''' and '''Password'''.<br><div style="background-color: #E3FBE5;">'''Note''':By default demo mode is NOT turned on. Check the CQG demo box to turn it on. Demo mode is '''required to be on''' for demo accounts. If you have real account, the box is '''required to be off'''</div>
+When this option is checked, the conversion is performed according to the following conditions:
-# Reconnection Settings section. <br/> Configure timer to reconnect if connection to CQG is lost.<br><div style="background-color: #E3FBE5;">'''Note''': It is recommended to launch MultiCharts by making a right-click on the icon -> Run as administrator. A popup dialogue message will appear where you need to allow CQG API to connect to the Internet (That should be done upon first connection after API installation. You can start MultiCharts in regular mode after that)</div>
+* If the Buy stop trigger price is (<=BestAsk and <=LastTrade) or <=BestBid, then convert and submit a limit order;
+* If the Sell stop trigger price is (>=BestBid) and (>=LastTrade) or >=BestAsk, then convert and submit a limit order.
+<div style="background-color: #F0F8FF;">After the broker profile is set up, you can select it for trading, see the '''[[How to Select a Broker Account For Trading]]''' guide.</div>
 [[Category:Broker Profiles]]