Order Entry for CQG
Multiple ways to enter orders on the CQG connection
General view of the Order Entry panel with CQG connection
The entire panel is conventionally divided into several zones:
choice of trading instrument and trading account;
setting the required order type, TIF condition, order quantity, and the order side (Buy or Sell);
setting of the order price, stop loss and take profit prices;
order placing strategy for advanced trading algorithms
information on current Ask and Bid prices, spread size, as well as an order placement button
CQG OrderTypes, Time in Force (TIF), Algorithmic in Quantower
CQG provides various order types for trading via the Order Entry panel:
Market order
Limit order
Stop order
Stop limit order
Time-in-force (TIF) instructions define the length of time over which an order will continue working before it is canceled. CQG provides various TIFs:
GTC (Good till canceled) — orders will remain working until they are canceled by trader or the contract expires;
FOK (or Fill or Kill) — order will be canceled if it is not executed in the entire volume as soon as it becomes available;
IOC (Immediate or cancel) — requires that any portion of an order that is not filled as soon as it becomes available in the market is canceled;
DAY — order will be canceled if it is not executed within the current trading day;
GTD (Good till date) — order will remain working within the system and in the marketplace, until it executes or until the close of the market on the date specified.
GTT (Good till time) — order that remains open until a specified time. At that time, any unfilled lots are canceled.
FAK (Fill and Kill) — orders require that any remaining quantity after a partial fill be canceled.
ATC (At the Close Order) — order to buy or sell a stock at the closing price. One of the benefits of this type of order is that it can be placed prior to the actual end of the trading day requested. This would be the opposite of an at-the-open order.
ATO (At-The-Open Order) — order to buy or sell a stock at the opening price. ATO order is allowed during pre-open sessions (morning and afternoon) or even the night before.
Algorithmic orders for CQG
How to set TP (take profit) and SL (stop loss)
To set a bracket order with Sl and Tp, follow these steps as shown in the picture below:
Set the necessary lot to enter
Set Sl in pips
Set Tp in pips
If one of the orders Sl or Tp is executed, the opposite order will be automatically deleted.
How to set up multiple TP and SL orders for one position
Тo set multiple stop orders or take profit for a single position, you need to switch the Brackets to the Multiple mode:
Set the quantity of the initial position.
For the next stops, enter similar data on the next line.
You can set orders in multiples of your total volume
How to place an order from the Chart trading sidebar
The general view of the Chart trading sidebar for AMP/CQG connection looks like the following and is divided into the following categories:
Account and symbol selection
Order volume selection, TIF, algorithmic settings
Brackets Mode for Stop Loss and Take Profit.
Order placement parameters (strategy)
Quick buttons for managing existed orders and positions
Quick order quantity buttons
To set an order, you need to specify the volume in lots according to the chosen symbol. You can do this in several ways.
Specify the volume directly in the quantyti field
Preset your normal trading volume in lots.
Quick change order amount buttons
The quick change order amount buttons will help you change the specified volume in one click, based on your trading strategy. You can set by default any parameters that you need to quickly change the values. Moreover, the buttons can change not only the specified position volume, but also apply any (!!!) formulas to calculate the order volume. To set your personal values for a quick change of the order, you need to go to the settings of the chart in the menu section "Order entry" and find the field "OE buttons"
You can set standard values of the order amount, which corresponds to your risks. This is very convenient for manual trading.
Buttons can change not only to a given amount of position, but also apply any formulas
How to set up Profit and Stop orders
Then you can set automatic stop loss and profit in pips. It's very convenient to set the lot size and protect it. Specify your values in the appropriate fields.
Use the Qquick Ttrade toolbar
Set your values for stop loss or profit. You can also use any one parameter only.
Execute an order on the market
How to set up several Profit and Stop orders foe one position
To set multiple Stop loss and Take profit orders for a single position, do the following :
Press the multi-mode button
Enter data for setting the first limit orders and how many lots should be
For the next Stop loss orders, enter similar data on the next line.
Execute an order on the market
Quickly placing order buttons
Next comes a block of buttons for quickly placing an order
2. Next comes a large block of functions for managing the current position. You can cancel or limit orders or stops. You can also reverse your position with one button or set it to break even. These are very functional buttons, do not miss them.
Mouse trading
How to set up Profit and Stop orders for limit order
You can set automatic stop loss and profit in pips. It's very convenient to set the lot size and protect it. Specify your values in the appropriate fields.
Use the Quick trade toolbar
Set your values for stop loss and profit. You can also use any one parameter only.
Use the mouse trading button to activate the trade with the mouse to set a limit order
If you execute an order at market, the specified stop parameters will keep their values and will be set immediately.
How to set up several Profit and Stop orders for the limit order
To set multiple Stop loss and Take profit orders for a single position, do the following :
Press the multi-mode button
Enter data for setting the first limit orders and how many lots should be
For the next Stop loss orders, enter similar data on the next line.
You can set orders in multiples of your total volume.
How to set up many limit orders
To place several orders in a row hold down CTRL
If the mouse position is higher than the current price then
right click of the mouse will set a limit order
left click of the mouse will set a Buy stop market order
If position of the mouse is under the current price then
right click of the mouse will set Sell stop market
right click of the mouse will set Buy limit order
Quick order entry
How to open Quick order entry
To access the quick trade toolbar, click the button in the upper right corner. If you don't see this button, turn it on in the settings
How to set volume quantity
Note that in order to make a transaction from the Quick order entry panel, you must enter the lot volume. And this volume does not coincide with the Quick trading panel
Keyboard trading
How to activate trading with hot keys
To access the quick trade toolbar, click the button in the upper right corner. If you don't see this button, turn it on in the settings
You can set your own values for the hot buttons in the chart settings
How to place an OCO order
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