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CQG Broker Profile

1,545 bytes added, 15:30, 20 June 2023
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To connect MultiCharts to CQG data feed, it is necessary to have CQG API installed on the computer. == General Information ==
* Please make sure that your PC meets CQG requirements and technical specifications: http://www.cqg.com/ProductsDocs/CQG-API.aspx<br><div style="background-color: #E3FBE5;">'''Note''': CQG software and MultiCharts should not be launched simultaneouslyCQGTraderSystemSpecs.</div>pdf
Open position Profit/Loss is provided through If you need '''data''' from CQG APIdata source, make sure you have [[CQG|'''CQG data feed''']] set up.
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 provided through CQG APIcalculated 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.
<div style="background-color: #E3FBE5;">'''Note''': If a stop order is adjusted manually or by your script to the price equal to current market price or better (guaranteed to be executed), the order won’t be converted into market order. It will be rolled back.</div>
Stop-Limit orders: if at the moment an order is sent its stop level is met, then it will be converted into market order.
Stop-Limit orders with stop and limit levels not overlapping each other are rejected by the broker.
When an orders 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 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]]). == To connect CQG Broker Profile 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. <div style="background-color: #E3FBE5;">'''Note''': CQG software and MultiCharts should not be launched simultaneously.</div> == 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: <br> ::* 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. 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 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.
CQG does not support Native OneEnable '''Convert stop limit orders into limit orders if stop price is hit upon order placement''' checkbox if you want Stop-Cancels-Others group. In this case MultiCharts emulates OCO group on its end. Simulated OCO-group means that all OCO Limit orders are sent to be converted into Limit when the broker, stop price is monitored by MultiCharts and once one of reached when the orders order is filled, other orders from this OCO group are cancelled by MultiChartsplaced. When one of this option is checked, the OCO orders conversion is performed according to the following conditions:* If the Buy stop trigger price is filled(<=BestAsk and <=LastTrade) or <=BestBid, MultiCharts sends then convert and submit a command to cancel the second OCO limit order to broker. Note that ;* If the second order may also be filled if Sell stop trigger price reaches its level before the cancellation is processed by the broker (see [[Trading Risks# OCO-Orders Risk|OCO-Orders Risk]]>=BestBid) and (>=LastTrade)or >=BestAsk, then convert and submit a limit order.
====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:# Authority section. <br> Enter '''Login''' and '''Password'''.<br><div style="background-color: #E3FBE5F0F8FF;">'''Note''':By default demo mode After the broker profile is NOT turned on. Check the CQGT demo box to turn set up, you can select it on. Demo mode is '''required to be on''' for demo accounts. If you have real accounttrading, see the box is '''required [[How to be offSelect a Broker Account For Trading]]'''guide.</div># Reconnection Settings section. <br/> Configure timer to reconnect if connection to CQG is lost.
[[Category:Broker Profiles]]