Are there any ways possible which incorporate OCO orders into a trading system?
Will that be an option for trading strategies in the future?
I would love automating a system but want to have the protection of a server side OCO.
I use gain for order routing currently.
Thanks for the help!
For users of RIthmic and CQG, Any trading order can be setup with a strategy (OCO ,etc). The trading order can be submitted to broker in all of the many ways RT has supported for years. Via Button, via a Signal Action (associated with a signal or a TSYS Indicator), etc. etc. The ChartTradingDOM composes trading orders with strategy on the fly if the user specifies strategy in the UI, but all of the classic methods of submitting a trading order support strategies as well, you simply have to setup the named Trading Order with a strategy name. If the brokerage destination is other than CQG or Rithmic, the trading order with Strategy will be rejected by RT as unsupported.
Thanks Chad appreciate the help are there any plans to support gain in the future?
Gain is in our plans. We will keep you posted here as development begins and we have a better idea of when it will be available to our Gain subscribers.
Thanks Chad thats great news!
100% OCO at Gain would be so much better then the slippage from the lag and internet / power outages
Effective Investor/RT Version 13.5.20, OSO and OCO trading orders are supported for Gain order routing. See this article for details:
Automated Order Management Using Trading Strategies