Trading Risks: Difference between revisions
From MultiCharts
→OCO-Orders Risk
(Created page with "If you use electronic trading you must be aware of risks associated with this type of trading in general. The following risks are related to MultiCharts trading features. ==...") |
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There are two types of OCO-groups in MultiCharts: Native and Simulated. | There are two types of OCO-groups in MultiCharts: Native and Simulated. | ||
Native OCO-group is used when the broker’s API 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. (Native OCO-group is supported by Interactive Brokers, FXCM and IWBank). | Native OCO-group is used when the broker’s API 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. (Native OCO-group is supported by CQG (since ver. 9.1), Interactive Brokers, FXCM and IWBank). | ||
Simulated OCO-group means that all OCO orders will be sent to the broker, but once one of them is filled, other orders from this OCO group will be cancelled by MultiCharts. In this case, when one of the OCO orders is filled, MultiCharts will send a command to cancel or reduce size of the second OCO order to the broker. | Simulated OCO-group means that all OCO orders will be sent to the broker, but once one of them is filled, other orders from this OCO group will be cancelled by MultiCharts. In this case, when one of the OCO orders is filled, MultiCharts will send a command to cancel or reduce size of the second OCO order to the broker. |