CQG TICK

CQG TICK is a simplified-sized based algo with a tick payup logic.

Order types: LMT

Method: Basic “with a tick” logic, monitors opposite inside size and pays up if it recedes below a threshold or if the market moves away. Optionally reprice or cancel the order if the market moves toward the order.

Parameters:

Name	Tag number	Format	Comment
TargetStrategy	847	Int	1007 - CQG TICK
MaxChaseTicks	8202	Int	Maximum number of ticks to pay up. Default – 2.
TradeTowardBehavior	8205	Char	What happens if the market moves towards us. Possible values: • 0 - NO_CHANGE – Continue to lean on the original opposite inside price • 1 - CANCEL – Cancel the order • 3 - REPRICE – Lean on the new opposite inside price Default – NO_CHANGE.
ImbalanceRatio	8240	Float	Trigger threshold: (SameSize–OppositeSize) / (SameSize– OppositeSize). Default – 0.0
EnableImbalance	8235	Boolean	Look for order imbalance (above). Default – False.
OppositeSizeRatio	9120	Float	See CQG PAYUP algo above. Note that in case of CQG TICK algo value of this parameter is not limited.
OppositeSizeRaw	9130	Int	See CQG PAYUP algo above.
TowardSizeRaw	9131	Int	When greater than zero market is considered to be moved toward algo order if inside market size is lower than this parameter’s value. Default – 0.