Signal Types Stoxxo Intelligent Trading Bridge

For best usage of Stoxxo- Intelligent Trading Bridge, it is better to have good knowledge of signal types and rules. There are four types
of signals supported in bridges.

  1. LE : Long Entry, Can be used for a fresh Long Entry. It is equivalent to Buy.
  2. LX: Long Exit, It can be used to exit any previous long entry. However this cannot be used to take
    new entries.
  3. SE: Short Entry, Can be used for a fresh Short Entry. It is equivalent to Sell.
  4. SX: Short Exit, It can be used to exit any previous short entry. However this cannot be used to take
    new entries.
  5. LM: Long Modify, can be used to modify the Long Entry Trigger Price, Limit Price, Stop Loss,
    Targets etc.
  6. SM: Short Modify, can be used to modify the Short Entry Trigger Price, Limit Price, Stop Loss,
    Targets etc.
    How Signals Works
    Bridge Maintains a pair of each Entry and Exit signal as per the rules given in the next section. Bridge
    Supports executing multiple strategies at same time on the same symbol with different sides of positions.
    Signal rules play a major role here and all decisions taken.
    You can pass a Unique Number as an ID with every order. It is strongly recommended that you pass this
    unique ID so that you can MAP exit order for a very specific entry order.

In case if no unique id is sent with signal, exit order will always exit the very first entry order in FIRST IN
FIRST OUT manner.
Let’s explain this with an example for better understanding.
Example 1 (assume same IDs are coming with signal)

  1. Let’s assume that a Long Entry (LE) Signal came for ACC from STG1, In this case Stoxxo- Intelligent Trading Bridge will place a
    buy order as per the set parameters in Symbol Mapping or supplied with Signal Call. (Order 1)
  2. Now assume another Long Entry (LE) signal came for ACC from STG2, this will also be processed
    despite any rule as it is from STG2. (Order 2)
  3. Now again a Long Entry (LE) signal came for ACC from STG1. This signal will be treated as valid
    as multi orders can be processed in the same direction, but it will be dependent on other rules like
    max trade, max open positions etc. (Order 3)
  4. Now an Exit Order initiated for STG1, as all orders were having the same IDs, so in this case Exit
    Signal will exit the (Order 1).
    Example 2 (assume same IDs are coming with signal)
  5. Let’s assume that a Long Entry (LE) Signal came for ACC from STG1, In this case STOXXO will place a
    buy order as per the set parameters in Symbol Mapping or supplied with Signal Call. As per
    settings it placed a CO Order. (Order 1)
  6. Now again a Long Entry (LE) signal came for ACC from STG1. This signal will be treated as valid
    as multi orders can be processed in the same direction, but it will be dependent on other rules like
    max trade, max open positions etc. This will place another CO Order as per entry order selection.
    (Order 2)
  7. Now an Exit Order initiated for STG1, as all orders were having the same IDs, so in this case Exit
    Signal will exit the CO order of (Order 1).

Leave a Reply

Your email address will not be published. Required fields are marked *