OCO (One cancels the other): Beispiel und Strategien

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]

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 (one cancels the other) order, has anyone here use it regularly?

I was looking into OCO orders. It is like using 'strangle' strategy in options trading. How is working out for you? Does it work or not? Please share your experiences with OCO orders. Thanks
EDIT: Thanks everyone for their comments. It's always interesting to see people's responses on /forex.
submitted by s1lv3rbug 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]

Intro To Trading What are OCO and OSO Orders Limit Order OCO Hedge Strategy Forex - Adding & Editing Q-OCO Orders Use OCO Orders & Breakout Strategies - YouTube Forex - One Cancels Other (OCO) Orders Trading 212: How to use One Cancels the Other (OCO) orders ... Forex OCO Plugin for MT4 & 5 -

You might use this type of Forex OCO order when you think you have identified price levels that are likely to result in a reversion to the mean. In other words, trying to place the entry price for your limit orders at resistance levels, and then hoping that the price will rebound from these points. To appreciate the advantage of an OCO order over simply using two separate, discrete orders ... Eine OCO-Order besteht eigentlich aus zwei Aufträgen, von denen nur einer ausgeführt wird und der andere storniert wird (OCO steht für "one cancels the other"). Diese intelligente Orderart kann bisher allerdings nur an den Handelsplätzen Stuttgart und Tradegate, sowie im außerbörslichen Direkthandel bei einigen Emittenten genutzt werden. Außerdem kann man nicht bei allen Brokern eine ... The Forex Guy's Trading Strategies. Minimize Losses - Maximize Profit - Magnify Success. War Room Login; Support Desk; About Us; Forex Tutorials; Price Action; Trade Ideas; Trade Videos; War Room ; MT4 & MT5 Apps; The Forex Guy's Trading Strategies. Minimize Losses - Maximize Profit - Magnify Success. Home / Trade Panel User Guide / Awesome! OCO Order Tool For MT4 (Order Cancels Order) Trade ... An order cancel order trade (OCO) forex trade, also known as a one cancels the other or order cancels other trade, is a unique type of forex trade. It lets you bet on both sides of the market if you are unsure if the price is going to go up or down. It also lets you trade without having to watch the market pip for pip. As an advanced type of order that can make your trading easier, it can be utilized as an OCO Order strategy with Inside Bar. Have you ever heard of the OCO Order? As an advanced type of order that can make your trading easier, there is a simple trading method that incorporates it well. What is it? Home; Search. Quick Search Advanced Search Broker Finder. Top Brokers. Best Forex Brokers for ... An OCO order is, in fact, a pair of orders that are linked together with a kind of order management. This order management ensures that only one of the orders is ever executed. As the name suggests, if either of the two orders are executed, it automatically cancels the remaining order. This differs from plain vanilla stop or limit orders, which are discrete instructions to buy or sell on the ... OCO orders allow to develop a wide variety of combinations, with which you get the opportunity to automatically take the most profitable trading decision depending on the Forex market situation. It should be noted that the OCO orders are very convenient because of their features. If you set conventional stop-loss and take-profit orders in Forex ...

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Intro To Trading What are OCO and OSO Orders

In the video I will explain what OCO orders are, how they work, and how to deploy them with my powerful panel for metatrader 4 ! I also developed an OCG which is a more advanced concept where one ... Limit Order OCO Hedge Strategy http://www.tradingintl.com Track 'n Trade Live Forex overview of the One-Cancels-Other order placement within the software. Quickly add connected stops and limits to your orders with Track 'n Trade. Learn how to use One-Cancels-Other or “OCO” orders. See how Advanced Trade Management incorporates OCO orders automatically and learn how to pair OCO orders ... 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... 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 ... Intro To Trading What are OCO and OSO Orders Start your 30 Day Trial with BCT and Take Your Trading To The Next Level! www.bctnow.com/try For technical analy...

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