Loss limit - Automatic liquidation - looking for platform

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Updated August 12, 2016

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xplorer with 2 posts (2 thanks)
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Loss limit - Automatic liquidation - looking for platform

August 12th, 2016, 03:02 AM	#1 (permalink)
Sheen London UK Posts: 57 since Jul 2013 Thanks Given: 2 Thanks Received: 20	I am looking to start overnight spread trading. The problem I came across is a lack of a futures platform that would automatically liquidate all positions as soon as PnL reaches a specified loss value. Does anyone know a platform that would allow this?

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August 12th, 2016, 04:54 AM

#3 (permalink)

xplorer

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Sheen

I am looking to start overnight spread trading. The problem I came across is a lack of a futures platform that would automatically liquidate all positions as soon as PnL reaches a specified loss value.

Does anyone know a platform that would allow this?

This line of code works with CQG (either QTrader or the more expensive IC) products

OTE(@,"<account number>",CURRENT) <= MaxLoss

MaxLoss is a parameter I defined, so as not to hardcode a maximum loss into the condition - you can change the parameter to whatever you want.

By inserting that condition into an 'alert trigger' and setting the alert trigger to Liquidate whenever that condition is met does the trick for me.

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August 12th, 2016, 03:27 PM	#4 (permalink)
Sheen London UK Posts: 57 since Jul 2013 Thanks Given: 2 Thanks Received: 20	Many thanks. Do you know if this works even when CQG QTrader is not running?

August 12th, 2016, 03:33 PM

#5 (permalink)

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Sheen

I am looking to start overnight spread trading. The problem I came across is a lack of a futures platform that would automatically liquidate all positions as soon as PnL reaches a specified loss value.

Does anyone know a platform that would allow this?

NinjaTrader is capable of doing this with some custom programming.

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August 12th, 2016, 04:39 PM

#6 (permalink)

xplorer

London UK

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Experience: Beginner

Platform: CQG

Broker: S5

Trading: Futures

Posts: 6,233 since Sep 2015

Thanks Given: 15,885

Thanks Received: 16,118

Sheen

Many thanks. Do you know if this works even when CQG QTrader is not running?

I may be wrong but I don't believe so, I think that specific code wouldn't work if the platform is not running.

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August 12th, 2016, 10:47 PM

#7 (permalink)

mattz

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Sheen

I am looking to start overnight spread trading. The problem I came across is a lack of a futures platform that would automatically liquidate all positions as soon as PnL reaches a specified loss value.

Does anyone know a platform that would allow this?

Why not trade on CQG Q Trader spreads that are recognized by the exchange and set risks on each spread?
You can pull one quote that where you just trade the spread.

I would advise you against programming on a portfolio of spreads if you are not looking supervise it and walk away.

Matt Z
Optimus Futures

There is a substantial risk of loss in future trading. Past performance is not indicative of future results.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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Last Updated on August 12, 2016

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