Comments on: Look Out IB!

By: stocktickr blog » Blog Archive » Bracket Orders Coming to Cyber/StreetSmart Pro

Thu, 08 Nov 2007 22:11:01 +0000

[...] I admit it’s a little embarrassing that it has taken so long, but it looks like the new StreetSmart Pro platform will finally include bracket orders. These new order types and other enhancements were announced long ago and it finally looks like they’ll see the light of day. [...]

By: CyberTrader & Schwab Integration Update | TheStockBandit.net

CyberTrader & Schwab Integration Update | TheStockBandit.net — Sat, 16 Jun 2007 00:13:32 +0000

[...] Starting right out with the per-share pricing is great, although they addressed that from the very beginning. Platform-wise, I’m particularly happy to hear that the contingency orders (brackets, OTO, OCO) are still coming, and that futures data will still be available for current CT clients after the integration (since I watch them all day long). Looks like a nice list and I get the feeling they’ll keep us posted regularly going forward. [...]

By: TheStockBandit.net » The Best Way to Upgrade Your Hardware

TheStockBandit.net » The Best Way to Upgrade Your Hardware — Tue, 19 Dec 2006 02:53:31 +0000

[...] CyberTrader is running a pretty sweet promotion right now where any new account opened and funded will get you a free 17″ dual display. This is perfect if you’ve already done your holiday shopping but forgot to take care of yourself! The best part is that it doesn’t cost a thing, so you won’t feel a twinge of guilt. I already trade through CyberTrader for the best trading tools and executions out there, but maybe I need to open another account so I can get the free dual display! [...]

By: TheStockBandit

TheStockBandit — Mon, 09 Oct 2006 21:17:39 +0000

Tyro,

That’s interesting because I just had to fill out an API application and was approved in less than a day, so apparently you just didn’t locate the right person.

To each his own though, and the most important thing is trading where you’re confident in the platform. For me that’s with CT. Have a great week!

Jeff

By: Tyro

Tyro — Mon, 09 Oct 2006 20:46:18 +0000

Cyber *says* they offer an API but refuse to give it out. Compare this to IB’s API which is rich, simple, well documented, supported, and free! To me, it’s an obvious choice, and I couldn’t be happier since I left Cyber.

I guess it just depends on what kind of trading you do, and what kind of trader you are.

By: TheStockBandit

TheStockBandit — Wed, 04 Oct 2006 18:07:46 +0000

Patrick,

Regarding the fill price for the primary order, that will be determined by either you or the market, depending on how you set it up (to my understanding). Either it’s a market order which is filled at the best price once it goes out, or it’s a limit order which you would specify.

Thanks and have a good one!

Jeff

By: Patrick

Patrick — Wed, 04 Oct 2006 17:29:12 +0000

This is great news! The ability to bracket an order based on a percentage or point difference from the entry is exactly what I’m looking for.

I’m assuming that CyberTrader determines the fill price for the primary order and then generates the bracket orders on the fly. Is this true? If so, it would be a huge step up from IB’s bracket which requires you to specify the bracket prices directly.

With CyberTrader’s bracket you could lock in your risk more precisely on market orders, though of course there may be slippage on the stop as well… Anyway, thanks for posting this.