Setting Smart Orders Preferences

Transcription

1 Setting Smart Orders Preferences Smart Orders settings allow you to set preferences for DOM-Triggered Stops, Iceberg Limits, Brackets, Trailing, and OCO orders. Before setting preferences for all but OCO orders, choose whether the settings will apply to all symbols or a particular symbol. Click the Add symbol button to add symbols to the list. Please note that this tradable symbols list is a master list for all smart orders, so that all symbols from each tab will be listed here. If preferences for that symbol have not been set on a particular tab, the symbol will be followed by an asterisk. 1

2 To set preferences for that symbol, it must be highlighted. 2

3 Configure DOM-Triggered Stops In order to place DOM-Triggered stop orders, you must select the Enable check box. Enter a value for the threshold. The order is triggered only when the bid or ask quantity falls below it. To receive confirmations related to DOM-Triggered stops, click the Notifications check box. 3

4 Configure Iceberg Limits In order to place Iceberg limit orders, you must select the Enable check box. Enter a visible order size. Only this size will be displayed on the book. To receive confirmations related to Iceberg limits, click the Notifications check box. 4

5 Configure Iceberg Strategies In order to place Iceberg strategy orders, you must select the Enable check box. You can choose one of four options for the visible quantity (the quantity displayed on the book). Enter visible order size: show a set percentage of the total order (1-100) show a set number of contracts (1-9999) Random order sizes: show random sizes between some percent of the order show random sizes between some number of contracts Default = Enter a visible order size of 1 lot. Select the When in Iceberg Mode check box if you want limit orders placed instead of icebergs for order sizes smaller than the one given. This parameter applies if the order size is changed in the DOMTrader. Default = on. If the Enable confirmations check box is not selected, then you are not be able to change the visible order size on a case by case basis. Default = on. Click Add symbol button to set preferences for a particular QFormula. 5

6 Configure Brackets In order to place bracket orders, you must select the Enable check box. You can only do that if OCO orders are enabled. Enter a tick, profit value, or price for the target order. You can also select limit, trailing limit, or iceberg order type. Enter a tick value for the stop loss order. You can also select stop, stop limit, or DOM- Triggered stop order type. To receive confirmations related to bracket orders, click the Notifications check box. 6

7 Configure Trailing In order to place trailing stop or limit orders, you must select the appropriate Enable check box. Choose the behavior for the trailing limit orders by selecting one of the radio buttons. 7

8 Configure Market-If -Touched To place market-if-touched orders, first enable them on this window. Also choose whether you wish to receive confirmations of these orders. 8

9 Configure Funari To place Funari orders, first enable them on this window. Also choose whether you wish to receive confirmations of these orders. 9

10 Configure Market limit To place market limit orders (SFE-specific), first enable them on this window. Also choose whether you wish to receive confirmations of these orders. 10

11 Setting Strategy Orders Preferences These settings apply to strategies on all trading applications. Show synthetic positions Select this check box if you want positions for synthetic spreads displayed. On the DOMTrader, the position is displayed like this: 11

12 Set cancel behavior One step in managing incomplete orders is to set cancellation behavior. Select the Show synthetic positions for strategies check box to display exchangetraded spread instrument positions on the DOMTrader for calendar, butterfly, pack, strip, bundle, and intercommodity spreads. This setting is applied to all trading applications, including DOMTrader, Order Ticket, and Orders and Positions. The first cancellation option, Cancel strategy and incomplete legs, tells the system to cancel the strategy and the incomplete legs when you cancel the order. The second option, Cancel strategy and continue working incomplete legs, tells the system to cancel the strategy but not the incomplete legs when you cancel the order. In this case, you cancel everything in order to manage the risk. Suppose you re working a 10 x 10. You re filled 2 and then 6 on one leg. You miss 6 on the other leg, so that leg is now incomplete 6. This option says: I want to cancel the strategy, but leave the 6 I need in the marketplace, so I have a chance of being filled. Instead of cancelling the order, you may choose to modify it. Imagine one leg of your strategy is filled, and the market moves away before the second leg can be filled. Drag and drop the second leg to modify it, so that it has a better chance of being filled. 12