Difference between revisions of "CQG Broker Profile"
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== General Information == | == General Information == | ||
| − | Since MultiCharts 9 CQG connection no longer requires installing the API, as the API is now integrated into MultiCharts. | + | Since '''MultiCharts 9.0 Beta 1''' CQG connection no longer requires installing the API, as the API is now integrated into MultiCharts. |
| − | + | Please make sure that your PC meets CQG requirements and technical specifications: http://www.cqg.com/Docs/CQGTraderSystemSpecs.pdf | |
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| − | + | It is possible to use different accounts for getting data and trading. | |
| − | + | Real-time data for Indexes is available for Live CQG/AMP accounts only. | |
| − | Open position Profit/Loss is provided through CQG API. | + | Open position Profit/Loss is provided through CQG API. Unrealized Profit/Loss for the account is provided through CQG API. |
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| − | Unrealized Profit/Loss for the account is provided through CQG API. | ||
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. | 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. | Stop-Limit orders with stop and limit levels not overlapping each other are rejected by the broker. | ||
| − | When an | + | 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 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]]). | ||
| − | == | + | == 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. | |
| − | + | == 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''' received from your broker. | |
| − | # | + | <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 a real account, the box is '''required to be off'''.</div> |
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[[Category:Broker Profiles]] | [[Category:Broker Profiles]] | ||
Revision as of 13:43, 21 July 2015
General Information
Since MultiCharts 9.0 Beta 1 CQG connection no longer requires installing the API, as the API is now integrated into MultiCharts.
Please make sure that your PC meets CQG requirements and technical specifications: http://www.cqg.com/Docs/CQGTraderSystemSpecs.pdf
It is possible to use different accounts for getting data and trading.
Real-time data for Indexes is available for Live CQG/AMP accounts only.
Open position Profit/Loss is provided through CQG API. Unrealized Profit/Loss for the account is provided through CQG API.
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.
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.
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 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 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.
Setting up CQG Broker Profile
In the Properties CQG window (see Managing Broker Profiles) enter the information provided by CQG:
Authority section.
Enter Login and Password received from your broker.
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 a real account, the box is required to be off.
