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Old 07-15-2009, 08:11 AM
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SL / TP -New Order – Single
Hi,
I am using the FIX protocol in demo.
My goal is to open a position with 3 input parameters:
1. Highest rate that I am willing to buy at OR Lowest rate that I am willing to sell at
2. Stop loss rate
3. Take Profit rate

Is there one FIX message that I could send to achieve that?

Thanks in advance,
Assi
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Old 07-15-2009, 10:23 AM
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Yes, you can send an OTO order list.
primary range order has clordlinkid = 1, triggered orders (stop/limit) have clordlinkid = 2. BSI doc has more details.

8=FIX.4.49=62835=E34=1649=TestClient050=52=2 0090715-14:23:47.79156=FXCM57=CWSTRESS66=testlistid68= 3394=31385=273=311=FIX.4.4:TestClient0->FXCM/CWSTRESS-1247667827729-15526=fix multi session test583=11=0505273955=EUR/USD54=160=20090715-14:23:47.72938=10000040=444=1.4087699=1.40996 59=311=FIX.4.4:TestClient0->FXCM/CWSTRESS-1247667827791-16526=fix multi session test583=21=0505273955=EUR/USD54=160=20090715-14:23:47.79138=10000040=244=1.559=111=FIX.4.4 :TestClient0->FXCM/CWSTRESS-1247667827791-17526=fix multi session test583=21=0505273955=EUR/USD54=160=20090715-14:23:47.79138=10000040=399=1.159=110=213
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Old 07-15-2009, 10:25 AM
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you also need to set contingencytype to 2 OTO in the order list 1385=2
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Old 07-23-2009, 11:36 AM
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Adding a stop loss order
Hi,
It worked like a charm
Now I have another question: if I submit a "market" order how can I determine the stop loss (Not as a rate format but as a fixed pips away from the actual traded rate) ?
For example, if the current market rates for EUR/USD are 1.42715/1.42747 and I submit a "buy" market order and it is executed at 1/42747, how can I tell the order to submit a stop loss order of "x" pips under the traded rate (1.42747)?

Thank you for your help,
Assi
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Old 07-24-2009, 04:07 PM
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You can find the following example in the FIX BSI documentation. Under section 6.1.6.

8=FIX.4.4 9=198 35=D 34=14 49=TestClient3 52=20080108-19:41:12.859 56=FXCM 57=MINIDEMO 1=00217844 11=TestClient3FXCM-1199821272859-13 38=10000 40=3 54=1 55=EUR/USD 59=1 60=20080108-19:41:12 99=1.46909 9041=7670249 10=171

To do what you want, place a new single order, with order type(40) = 3, StopPx(99) = <price you want> and FXCMPosID(9041) = <the FXCMPosID from the position report from the order that executed).

As for specifying the distance from where the execution filled at, you cannot place the distance from pips, since the request requires the full format. I suggest you perform the calculation yourself, and submit that price. i.e. stopPrice=executed price +/- .0005. (5 pips)
Last edited by FXCM Help; 07-24-2009 at 04:13 PM..
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Old 07-30-2009, 10:29 AM
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There is a reference to "the FIX BSI documentation", what does BSI stand for?

Thanks
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Old 07-30-2009, 10:53 AM
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buy side interface
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