API Support Forum
OEC API > API Support > Placing Time Release order X tics from MKT
Author Topic: Placing Time Release order X tics from MKT
(6 messages, Page 1 of 1)
Moderators: VPfau
CWeber984
Posts: 226
Joined: Apr 24, 2012


Posted: Sep 04, 2015 @ 05:49 PM             Msg. 1 of 6
I am implementing time release orders using the api. Lets say I have a MKT order with an attached stop and limit, and they are all set to release at the same time.

I use this api call:

OECAPI()->SendLinkedOrders_3(draft,draft2,draft3);

Is there any way I can get the attached stop and limit to move to specified X and Y tics from the MKT on release, rather than simply specifying their price?

Thanks,

CHW
VPfau
Moderator
Posts: 164
Joined:


Posted: Sep 09, 2015 @ 10:55 AM             Msg. 2 of 6
Chris,

currently we do not have such ability but we have plans to make this. I cannot provide any time estimations because it depends on other parts of our system.

Thanks

Vitaliy Pfau
CWeber984
Posts: 226
Joined: Apr 24, 2012


Posted: Sep 10, 2015 @ 09:42 PM             Msg. 3 of 6
Thanks for the info Vitaly!

We look forward to this new api call, with an interest level of 9/10.

CHW
CWeber984
Posts: 226
Joined: Apr 24, 2012


Posted: Oct 11, 2016 @ 12:11 AM             Msg. 4 of 6
Hello API Support,

We requested this feature a year or so ago. Our interest in the feature remains 9/10.

Current users request the ability to add a stop and limit to a time release order. This requested feature would help those STP/LMT orders to place succesfully and accurately. Currently, they are nearly always being rejected unless the market was trading in a sideways channel, or the STP/LMT are placed very far away from the MKT price. Also, it would very much increase the accuracy of the OCO STP/LMT orders users setup on current orders and positions, eliminating slippage.

Do you have any timetable for implementing this feature?

Thanks,
Chris
CHW
CMicciche902
Posts: 367
Joined:


Posted: Oct 11, 2016 @ 12:25 PM             Msg. 5 of 6
As of current, we do not support this feature. I'll discuss in our next feature request meeting. Unfortunately, I cannot provide a time table since this feature is not in our development pipeline. You could locally manage this order in your software to use price quote at time release and then send OCO/OSO order with your desired profit target and stop loss.
Chris M
CWeber984
Posts: 226
Joined: Apr 24, 2012


Posted: Oct 11, 2016 @ 08:27 PM             Msg. 6 of 6
Thanks Chris,

Sounds great. We look forward to the outcome of the meeting.

Chris
Edited by CWeber984 on Oct 11, 2016 08:30 PM