CQG Broker Profile: Difference between revisions
From MultiCharts
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== General Information == | == General Information == | ||
Please make sure that your PC meets CQG requirements and technical specifications: http://www.cqg.com/Docs/CQGTraderSystemSpecs.pdf | Please make sure that your PC meets CQG requirements and technical specifications: http://www.cqg.com/Docs/CQGTraderSystemSpecs.pdf | ||
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Indexes are supported only with Live CQG/AMP accounts. | Indexes are supported only with Live CQG/AMP accounts. | ||
Open position Profit/Loss is | Open position Profit/Loss is calculated by MultiCharts. Unrealized Profit/Loss for the account is calculated by MultiCharts. | ||
Closed position Profit/Loss is calculated by MultiCharts. Realized Profit/Loss for the account is calculated by MultiCharts. | |||
If MultiCharts sends a stop order with the price equal to current market price or better (guaranteed to be executed) it will be rejected by the broker. Therefore, MultiCharts converts such stop orders into market orders. | If MultiCharts sends a stop order with the price equal to current market price or better (guaranteed to be executed) it will be rejected by the broker. Therefore, MultiCharts converts such stop orders into market orders. | ||
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In the '''Properties CQG''' window (see [[Broker Profiles Overview#Managing Broker Profiles|Managing Broker Profiles]]) enter the information provided by CQG: <br> | In the '''Properties CQG''' window (see [[Broker Profiles Overview#Managing Broker Profiles|Managing Broker Profiles]]) enter the information provided by CQG: <br> | ||
::* | ::* Authorization section.<br>Enter '''Login''' and '''Password'''. | ||
::* Connectivity section.<br>Make sure that the '''Server Name''' is correct.<br> From the drop-down list select '''Sim''' for a Demo account, '''Live''' for a Real account. <br>'''Custom''' should be selected only if you received specific settings and instructions from your broker. | ::* Connectivity section.<br>Make sure that the '''Server Name''' is correct.<br> From the drop-down list select '''Sim''' for a Demo account, '''Live''' for a Real account. <br>'''Custom''' should be selected only if you received specific settings and instructions from your broker. | ||
Enable '''Convert stop orders guaranteed to be executed to market orders''' checkbox if you want Stop orders to be converted into market/limit when they are guaranteed to be executed.<br> | |||
When this option is checked, the conversion is performed according to the following conditions: | |||
* If the Buy stop trigger price is (<=BestAsk and <=LastTrade) or <=BestBid, then convert and submit a market order; | |||
* If the Sell stop trigger price is (>=BestBid) and (>=LastTrade) or >=BestAsk, then convert and submit a market order. | |||
Enable '''Convert stop limit orders into limit orders if stop price is hit upon order placement''' checkbox if you want Stop-Limit orders to be converted into Limit when the stop price is reached when the order is placed. | |||
When this option is checked, the conversion is performed according to the following conditions: | |||
* If the Buy stop trigger price is (<=BestAsk and <=LastTrade) or <=BestBid, then convert and submit a limit order; | |||
* If the Sell stop trigger price is (>=BestBid) and (>=LastTrade) or >=BestAsk, then convert and submit a limit order. | |||
<div style="background-color: #F0F8FF;">After the broker profile is set up, you can select it for trading, see the '''[[How to Select a Broker Account For Trading]]''' guide.</div> | |||
[[Category:Broker Profiles]] | [[Category:Broker Profiles]] |