2 results found

1. CQG One - disable forced confirmation on DOMTrader for limit orders lifting the ask or hitting bid

   With an open DOMTrader right click price column > Symbol Trading Settings > tick Checkbox "Limits over Stops" set tick value to e.g. 50 ticks and close. If market is at price 5000, left click in the sell order column at 4995 and you get the forced confirmation popup saying, "order may be immediately filled at market proceed?"

   Seeing as I have already effectively set my chosen price reasonability to 50 ticks and CQG/FCM already has further price reasonability settings in risk, there is no need for this hindering popup.

   The problem it causes: If I am scalping a fast moving market like ENQH24 and I am long 10 ticks onside and want to take anything better than a scratch immediately I would left-click to enter a limit sell order next to my bought price. I should then be filled into one of the 10 bid prices above that or be left with a scratch offer at that price in the book if I was too slow and the market blipped down.

   This is how it would happen on TT, CTST4, Tradovate (built on CQG) and any other platform I can think of. EJ in support says there is an option to switch this popup off in QTrader but he can't find it in One. Seeing as CQG One is promoted as the pro trading option for point and click traders using DOMTrader I assume it's just an oversight not to be able to turn it off, especially as we pay more for One than Qtrader. No point and click scalper can use CQG One with this popup, they all use limit orders into the market to exit in fast moving conditions. The trade at market buttons or 'go flat' is not the solution as they create additional danger.

   If the market overshoots down in the above example and instead of a limit order I have clicked sell at market button the order will truly go to market, perhaps that's 100 prices lower and fill me wherever it eventually finds a bid - usually the low on someone's fat finger and a second later be back unchanged whereas a limit order prevents this unintended price fill, you'd probably average instead. Also the buttons are sat at the top of the ladder so I have to move the cursor up there adding another second to me getting out.

   Please add the ability to switch off this popup, it only adds risk for active traders.
   This is even more critical because your data feed netting pulse is very slow, so we can't rely on seeing the market move in real time. I think it's twice a second on DOMtrader and Time & Sales yet un-netted in the quote boards?

   With an open DOMTrader right click price column > Symbol Trading Settings > tick Checkbox "Limits over Stops" set tick value to e.g. 50 ticks and close. If market is at price 5000, left click in the sell order column at 4995 and you get the forced confirmation popup saying, "order may be immediately filled at market proceed?"

   Seeing as I have already effectively set my chosen price reasonability to 50 ticks and CQG/FCM already has further price reasonability settings in risk, there is no need for this hindering popup.

   The problem it causes: If I am scalping a fast… more

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   under review  ·  3 comments  ·  Trading  ·  Delete…  ·  Admin →
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2. close trade button

   Add a quick button for close trade and canceling OCOs-- if I'm short and have resting stop/target and need to close trade quickly with the buy/sell button it leaves my working orders. This causes problems in volatile markets. The way the "flat" button is coded now is worthless for getting out of a market fast. Need a quick close and cancel button.

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   under review  ·  2 comments  ·  Trading  ·  Delete…  ·  Admin →
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