Thread: Update OCO Order stop loss and profit limit

Hello -

How do I update stop loss and/or profit limit on an OCO order that already exists?

Specifically, suppose I use the following code to create an OCO order like so:

Code:

// OCO orders for US to set limits & stops
    public void CreateOCO_US(String accountNum, String symbol1, String symbol2, int orderType1, 
    	int orderType2, double orderAmount1, double orderAmount2,double price1, double price2, String magicNumber){
    	//orderType1,orderType2 contains buy or sell info(0,1)
    	//Price1 is takepofit and Price2 is stoploss
    	Rate aRate;
    	ISide side1 = null;
    	ISide side2 = null;
    	IOrdType ordType1 = null;
    	IOrdType ordType2 = null;
    	if(orderType1 == OP_SELL){
    		side1 = SideFactory.SELL;
    		if(InfoStore.getTradeDeskBid(symbol1)>=price1){
    			ordType1 = OrdTypeFactory.STOP;
    		}else{
    			ordType1 = OrdTypeFactory.LIMIT;	
    		}
    	}else if(orderType1 == OP_BUY){
    		side1 = SideFactory.BUY;
    		if(InfoStore.getTradeDeskAsk(symbol1)>price1){
    			ordType1 = OrdTypeFactory.LIMIT;
    		}else{
    			ordType1 = OrdTypeFactory.STOP;	
    		}
    	}
    	System.out.println("ordType1 = "+ordType1+" "+price1);
    	if(orderType2 == OP_BUY){
    		side2 = SideFactory.BUY;
    		if(InfoStore.getTradeDeskAsk(symbol2)>price2){
    			ordType2 = OrdTypeFactory.LIMIT;
    		}else{
    			ordType2 = OrdTypeFactory.STOP;	
    		}
    	}else if(orderType2 == OP_SELL){
    		side2 = SideFactory.SELL;
    		if(InfoStore.getTradeDeskBid(symbol2)>=price2){
    			ordType2 = OrdTypeFactory.STOP;
    		}else{
    			ordType2 = OrdTypeFactory.LIMIT;
    		}
    	}
    	System.out.println("ordType2 = "+ordType2+" "+price2);
    	tss = TradingServerSession.getInstance();
    	String accNum = accountNum;//InfoStore.getMainAccountNumber();
    	OrderList ol = new OrderList();
        ol.setContingencyType(ContingencyTypeFactory.OCO);
        //ol.setFXCMContingencyID("5901");
        OrderSingle eo = MessageGenerator.generateStopLimitEntry(
                null,
                price1,
                ordType1,
                accNum,
                orderAmount1,
                side1,
                symbol1,
                magicNumber);
        ol.addOrder(eo);
        //mOrderRequests.add(eo.getSecondaryClOrdID());

        eo = MessageGenerator.generateStopLimitEntry(
                null,
                price2,
                ordType2,
                accNum,
                orderAmount2,
                side2,
                symbol2,
                magicNumber);

        ol.addOrder(eo);
        //mOrderRequests.add(eo.getSecondaryClOrdID());

        try {
            tss.send(ol);
            //System.out.println("client: submitting OCO order = " + mRequestId);
        } catch (Exception e) {
            e.printStackTrace();
        }	
    }

How would I update the stop loss or profit limit if I sent an OCO order as shown above?

Hi mathurpratik,

Thanks for posting.

In order to update your stops and limits in the OCO order, you got to do two things:

1. Delete your OCO
2. Send a new OCO with the new stops and limits.

If you have additional questions, feel free to post.

Best Regards,
Carl

Hi Carl -

If possible, can you please show sample code that deletes and OCO order. Since an OCO is actually two orders (stop loss and profit limit) will I have to send two separate OrderCancelRequests? Or do I add two OrderCancelRequest objects to a OrderList object and send the OrderList to the fxcmGateway?

Hi mathurpratik,

Thanks for posting.

Here's a sample code:

PHP Code:

CollateralReport acct = (CollateralReport) accounts.get(0);
OrderCancelRequest ocr = new OrderCancelRequest();
ocr.setOrderID("59422454");
ocr.setOrderQty(100000);
ocr.setSide(SideFactory.BUY);
ocr.setAccount(acct.getAccount());
ocr.setInstrument(new Instrument("EUR/USD"));
fxcmGateway.sendMessage(ocr);
ocr.setOrderID("59422452");
ocr.setOrderQty(100000);
ocr.setSide(SideFactory.SELL);
ocr.setAccount(acct.getAccount());
ocr.setInstrument(new Instrument("EUR/USD"));
fxcmGateway.sendMessage(ocr); 


Best Regards,
Carl