What Are OCO Orders In Forex Trading? - Admiral Markets

Paper money options executions on real time data but only seeing delayed data?

I'm a full time day trader with 10+ years of experience of trading forex and futures, recently I decided to expand and learn options trading. My real money account is with a another broker which does not appear to be very good for stocks nor options trading so I opened a paper money account to learn more about trading options and also test drive the platform to see if it would be worth it for me to switch broker or not.
While paper trading options with ToS I was surprised how difficult it was to get filled even at the most popular options such as TSLA 1000 call at either nearest expiration or July monthly, even SPY could be tricky to get filled even at a nice round number price with huge open interest and decent daily volume. Market orders would get me filled way off the delayed price I see on my chart.
Today I got even more confused, I bought two TSLA 950 puts for $11.40 and $13.20 respectively with OCO limit to take profit at $18.00 and $20 with stop loss at $10.00 for both. Soon after buying the first contract TSLA stock dropped and my put shot up to $19-20 but my limit at $18.00 wouldn't fill so after a couple of minutes I cancelled it and entered a new limit order to exit at market with the padlock icon open just to get filled but didn't. When price came down again I bough the second contract and shortly after both contracts got stopped out at 9.85 while my chart showed that price of that option was hovering around $14.
We all know that paper money accounts have delayed data, in the platform it states that data is delayed 20 mins but it always appear to be 15 mins. Of course excatly 15 minutes after I got stopped out the chart and option chain showed my put to be priced at $9.85 which is really weird beacuse;
That would mean that the price quotes in the option chains and on the charts are delayed but the option orders on paper money account are executed based on real time price data, is this correct?
If correct it explains why it was so difficult for me to get filled but also means paper money is not at all as useful to test strategies or simply learning to use ToS effeciently. However it's a relief for me to know I'm not going crazy or really don't know what's going on...
submitted by CFTA83 to thinkorswim [link] [comments]

Another newb question !

Hey guys ! I was playing around with forex trading last night. I’m using think or swim and the paper money account. I was trying to buy a pair - with a custom bracket. Every time I tried the order wouldn’t go through - no matter where I moved the bracket. If I tried with just the standard oco bracket , it would instantly fill / then sell. When I would try the market buy , it would do it - but then when I tried to set a stop loss ( by right clicking the chart , and selecting sell) it would also close my position. Anyone have a similar experience ? I’m a bit scared to use my real account after seeing this - if it matters , I was trading euusd.
I have one more question. The minimum lot size is 10,000 units. It seems that would subtract around 200 US dollars from my play money. How do you know how much money you are using per trade ? 200,000 ( lot size) only seemed to take around 4600 from the play money account.
Sorry for the newb questions , thanks for the help !
submitted by VR-TITAN to Daytrading [link] [comments]

Harmonics Pattern Forex Trading Robot EA

This is an expert adviserobot that places orders based on harmonic patterns (via an external indicator). Whenever a harmonic pattern is detected the EA will place a buy or sell pending order according to the signal type.
Protection from repaints
The EA places pending orders on the initial recognition of the pattern and any repaints by the indicator are ignored. The pending orders will have an expiration time and therefore if the indicator repaints on the opposite direction, it would not cause any harm as the pending order will expire after the set time.
There is also an option to make an OCO (One Cancels Other) order. That means when the pattern first appears, both a buy and a sell pending order are created. (So there will be two buy and sell pending orders from up and down from same distance). If one of the pending orders is activated, the other is deleted.

contact me on jobdone and i will provide you profitable forex robot using Harmonics Pattern.
submitted by tillerboney to JobdoneNet [link] [comments]

The XTRD Megathread

What is XTRD?

XTRD is a technology company that are introducing a new infrastructure that would allow banks, hedge funds, and large institutional traders to easily access cryptocurrency markets.
XTRD is launching three separate products in sequential stages to solve the ongoing problems caused by having so many disparate markets. Firstly a unified FIX API followed by XTRD Dark Pools and finally the XTRD Single Point of Access or SPA.
Our goal is to build trading infrastructure in the cyptospace and become one of the first full service shops in the cryptocurrency markets for large traders and funds.

What are the industry issues?

COMPLEX WEB OF EXCHANGES. A combination of differing KYC policies, means of funding, interfaces and APIs results in a fragmented patchwork of liquidity for cryptocurrencies. Trading in an automated fashion with full awareness of best pricing and current liquidity necessitates the opening and use of accounts on multiple exchanges, coding to multiple API’s, following varying funding and withdrawal procedures. Once those hurdles are cleared, market participants must convert fiat currency to BTC or ETH and then forward the ETH on to an exchange that may not accept fiat, necessitating yet another transaction to convert back to fiat. Major concerns for market participants range from unmitigated slippage and counterparty risk to hacking prevention and liquidity.
HIGH FEES. Execution costs are even more of a factor. Typical exchange commissions are in the 0.1% – 0.25% range per transaction (10 to 25 basis points), but the effective fees are much higher when taking into bid and ask spreads maintained by the exchanges. As most exchanges are unregulated, there is generally no central authority or regulator to examine internal exchange orders that separate proprietary activity from customer activity and ensure fair pricing.
THIN LIQUIDITY. A large institutional order, representing a sizable percentage of daily volume can move the market for a product, and related products in an exchange by a factor of 5-10%. That means a single order to buy $1,000,000 worth of bitcoin can cost an extra $50,000-$100,000 per transaction given a lack of liquidity if not managed correctly and executed on only one exchange. By way of comparison, similar trades on FX exchanges barely move markets a fraction of a percent; those price changes cost traders money, and deter investment.

What are the XTRD solutions?

FIX API
An API is an “Application Programming Interface”, a set of rules that computer programs use to communicate. FIX stands for “Financial Information eXchange”, the API standard used by most financial organizations as the intermediary protocol to communicate amongst disparate systems such as market data, execution, trade reporting, and order entry for the past 25 years.XTRD is fixing the problem of having 100 different APIs for 100 exchanges by creating a single FIX based API for market data and execution – the same FIX API that all current financial institutions utilize.XTRD will leverage our data center presences in DC3 Chicago and NY4 New Jersey to host FIX trading clients and reduce their trading latencies to single milliseconds, a time acceleration of 100x when it comes to execution vs internet. More infrastructure and private worldwide internet lines will be added in 2018 and beyond to enable secure, low latency execution for all XTRD clients, FIX and PRO.
XTRD PRO
XTRD PRO is a professional trading platform that will fix the basic problems with trading across crypto exchanges – the need to open multiple web pages, having to click around multiple windows, only being able to use basic order types, and not seeing all your positions, trades, and market data in one place.XTRD PRO will be standalone, downloadable, robust end-to-end encrypted software that will consolidate all market data from exchanges visually into one order book, provide a consolidated position and order view across all your exchange accounts, and enable client side orders not available on exchanges – keyboard macro shortcuts, VWAP/TWAP, shaving the bid and offer, hit through 1% of the inside, reserve orders that bid 100 but show 1, SMART order routing to best exchange and intelligent order splicing across exchanges based on execution costs net of fees, OCO and OTO, many others.
XTRD SPA
XTRD SPA is the solution to bridge cross-exchange liquidity issues. XTRD is creating Joint Venture partnerships with trusted cryptocurrency exchanges to provide clients on those exchanges execution across other exchanges where they do not have accounts by leveraging XTRD’s liquidity pools.An order placed by a client at CEX.IO, XTRD’s first JV partner, can be executed by XTRD at a different exchange where there may be a better price or higher liquidity for a digital asset. Subsequently, XTRD will deliver the position to CEX.IO and then CEX.IO will deliver the execution to the client, with XTRD acting as just another market participant at the CEX.IO exchange.XTRD does not take custody of funds, we are a technology partner with exchanges. All local exchange rules, procedures, and AML/KYC policies apply.
XTRD DARK
Institutions and large market participants who have large orders of 100 BTC or more generally must execute across multiple markets, increasing their counterparty risk, paying enormous commissions and spreads, and generally having to deal with the vagaries of the crypto space. Alternatives are OTC brokers that charge multiple percents or private peer-to-peer swaps which are difficult to effectuate unless one is deeply in the space.XTRD is launching XTRD DARK – a dark liquidity pool to trade crypto vs fiat that matches buyers and sellers of large orders, discreetly and anonymously, at a much lower cost. Liquidity is not displayed so large orders do not move thin markets as they would publicly. The liquidity will come from direct XTRD DARK participants as well as aggregation of retail order flow into block orders, XTRD’s own liquidity pools, connections with decentralized exchanges to effectuate liquidity swaps, and OTC broker order flow.XTRD is partnering with a fiat banking providebroker dealer to onboard all XTRD DARK participants for the fiat currency custody side with full KYC/AML procedures.

XTRD Tokenomics

Who is XTRD intended for?

XTRD is mainly aimed at major institutions, hedge funds, algorithmic traders who are currently unable to enter the crypto markets.
These firms include companies such as Divisa Capital run by XTRD Advisor Mushegh Tovmasyan.

XTRD Weekly Updates

Upcoming Events

AMA's

Further AMA's will be coming soon!

XTRD In The Media

Resources

More information will be added to this thread as the project develops.
We are currently looking for key community members to assist in building out this thread.
If you are interested please email [[email protected]](mailto:[email protected])
submitted by tylerbro77 to XtradeIO [link] [comments]

OCO Orders on every trade

Hi, I am new to forex. I just have one question. Why don't all traders just use OCO orders on every trade they enter into just in case their thinking doesn't pan out?
Example: http://imgur.com/c1MLJwr
In the example above, there could be one long entry order above the trendline (which makes money if there is a breakout) and one (short) below the trendline (which makes money if the price takes a nosedive). This way the trader makes pips either way the price moves.
Seems so obvious to me but it hasn't been raised anywhere in babypips, which leads me to believe that I am missing something.
I would be glad if someone could explain this to me.
Thanks in advance!!
submitted by gromnirit to Forex [link] [comments]

EUR/USD: The Breakout Trade

I don't like EUUSD, and I don't like breakout orders. So here's a breakout trade on EUUSD.
I mention it because the last time I saw this was on EUAUD, and that worked out so well I'm kicking myself for taking profit on only 1/3rd of the move.
Here's the trade. 1hr Chart. Pretty straightforward:
http://i.imgur.com/YaBJXXG.png
You could use an OCO order, but I personally will be watching it and actively trading it (applying the "Fingertrap" strategy I just posted about). I've just set up price alerts so my phone will buzz if it hits either of those levels. Notice the two big spikes through 1.2950 - don't like those.
I personally am short from just below 1.300, but given the event risk, and those two big failures to penetrate 1.2950, It's not my favourite trade at the moment.
I don't want to see it break to the upside, because the corresponding USD selling will be terrible for my massively risk-short tradebook. But hey, the market will do whatever it wants ;)
submitted by NormanConquest to Forex [link] [comments]

Trading Forex - OCO Forex - Adding & Editing Q-OCO Orders How to Place a Complex OCO Orders  FXCM Trading Station ... Trading 212: How to use One Cancels the Other (OCO) orders ... Trading Forex - OCO

Therefore you must keep the panel open so it can monitor the trades. Set and Forget OCO Entry Strategy. The panel has two types of order cancels order systems. The first one is programmed to be an entry strategy template for candlestick reversal signals – it’s called ‘get me in the damm trade‘, We covered this entry strategy in the forex entry strategies section of this tutorial. Just ... Forex Account Types ... OCO (One Cancels the Other) Perfect for range breakout trading. Imagine the price is trading in a narrow range, and you are expecting a breakout in either direction. Once one of the orders is filled, the other one will be cancelled. Most brokers should offer these types of orders however there are some that still don’t which simply is unaccessible, here at ... What is a One-Cancels-the-Other Order (OCO) A ... If the stock trades up to $13, the limit order to sell executes, and the investor's holding of 1,000 shares gets sold at $13. Concurrently, the $8 ... An EA is an automated process that allows you to place trades according to specific rules. If you perform a web search for OCO orders, you will find that there is a dearth of highly recommended EAs out there for this purpose. Professional traders may prefer to have functionality like this come from a reliable source, which is why the MetaTrader Supreme Edition plugin for MetaTrader 4 and ... Forex Kalender Market Heat Map Market Sentiment Indikation DAX30 Analyse ... Ein EA ist ein automatisierter Prozess, mit dem Sie Trades nach bestimmten Regeln platzieren können. Wenn Sie eine Websuche nach OCO Orders durchführen, werden Sie feststellen, dass es einen Mangel an dringend empfohlenen EAs für diesen Zweck gibt. Für professionelle Trader ist es wichtig, dass Funktionen wie ... Legality of OCO Trades. Not all forex brokers will allow you to make OCO trades. Before you start trading, read online broker reviews to find out if the trades are allowed in the broker’s platform or not. Additionally, OCO trades are illegal for U.S. residents. This is because of fears of market manipulation. While it would be incredibly difficult to manipulate the forex market, the price of ... Forex Brokers; Forex Brokers; OCO Trades; Page 1 of 502 1 2 Last. Jump to page: Results 1 to 10 of 12 Thread: OCO Trades. Thread Tools. Show Printable Version; 08-16-2006 #1. Alixay_ View Profile View Forum Posts View Blog Entries View Articles Junior Member Posts 28. OCO Trades Does anybody know of a broker aside from forex.com that provides OCO (one cancels another) trades? 1 Week Ago #2 ...

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Trading Forex - OCO

Track 'n Trade Live Forex overview of the Q-OCO (Quick One-Cancels-Other) order placement within the software. With a simple click of the mouse add and edit connected stops and limits to your ... Entering the market with orders above and below the current price, so that you take advantage of news announcements and volatility. Learn how to use them wit... Sometimes you may want to link several orders together, creating an OCO order. That's where Complex OCO orders come in. With complex OCO orders you can link ... This video is unavailable. Watch Queue Queue. Watch Queue Queue One cancels the other. A great order which you may already be using to help your trades, but don’t even know it.

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