A One-Click Two-Contract Futures Hedge Order Tool

Summary

This document describes a terminal plugin for placing opposing futures orders across two selected contracts. Its parameters let the operator choose the contracts, set an order amount and price offset, and reverse which contract is bought and sold. The accompanying description warns that orders may fail to fill and suggests accounting for slippage; larger positions may be entered through repeated runs.

The example shows quote retrieval, order submission, cancellation, and position reporting, but it provides no backtest or evidence that the two legs execute together. Sequential order placement can leave temporary exposure if one leg fills before the other, and cancellation does not itself guarantee a balanced hedge. The code shown also appears to select the same contract for both order steps, so the intended two-contract behavior should be checked before use. This is an execution utility rather than a demonstrated spread strategy.

Key ideas

• The plugin is intended to submit opposing orders on two futures contracts.
• The operator can set contract choices, quantity, slippage offset, and trade direction.
• The description cautions that orders may not fill and that larger positions can be split across runs.
• Sequential leg execution can create temporary unhedged exposure.
• The shown contract-selection logic appears not to switch to the second contract, and no performance evidence is provided.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.