Reference: Asset Settings, Portfolio Settings, Account Settings and Default Trading Settings
The Position Sizing, Order Details, Limits and Stops, Safeguards, Broker Settings, Order Fees and Obtain Settings tabs are all tied with the Asset Settings, Portfolio Settings, Account Settings and Default Trading Settings dialogs. Please note that any adjustments made to these tabs from the Asset Settings dialog will only affect that particular asset. However, any adjustments made to these tabs from the Portfolio Settings or Account Settings will affect the entire portfolio selected or the entire account that holds all of your portfolios and assets.
The General Asset Settings are referenced from the Asset Settings, Portfolio Settings, Account Setting and Default Trading Settings dialogs since all options available in the respected tabs are all the same.
The Position Sizing Tab allows you to control the specific settings of an individual asset in your portfolio. The Position Sizing Tab controls the type of trades, the size of trades and allocation settings for the individual asset.
o Types Allowed
The Types Allowed indicates whether to trade using long or short trades, or both and there are three options to choose from:
· Both Long and Short (Default Option)
It will execute both Long and Short trades received from the Signal Generator. Trading an asset both when its price is moving up and when it is moving down can typically make higher profits.
· Long Only
It will execute only Long trades received from the Signal Generator.
· Short Only
It will execute only Short trades received from the Signal Generator.
o Size Type
The Size Type indicates the amount to invest each time a new trade is entered and there are six options to choose from:
· None
The None option is the default option and indicates that there is not a maximum amount restriction upon trade.
· Fixed Dollar Amount
All trades should invest the amount specified in the Size Amount field. The default Max Size Amount is 0 dollars.
· Fixed Lots
All trades should be of the specified amount in the Size Amount field. The default Max Size Amount is 0 lots. This option does not take into account specified Leverage settings. If you prefer to use Leverage, please choose from any of the other Size Types.
· Fixed Units
All trades should be of the specified amount in the Size Amount field. The default Max Size Amount is 0 shares. This option does not take into account specified Leverage settings. If you prefer to use Leverage, please choose from any of the other Size Types.
· Percentage of Account (Default Option)
A specified percentage of the money that is in the account should be traded.
· Percentage of Portfolio Allocation
The percentage of Available Funds for the specific portfolio the asset will have alloted. The default Max Size Amount is 10 percent.
· Percentage of Asset Allocation
The percentage of Available Funds for the specific asset that will be alloted. The default Max Size Amount is 100 percent.
· Percentage of Collective2 Allocation
The percentage of Available Funds for the specific asset that will be alloted. The default Max Size Amount is 100 percent.
o Max Size Type
The Max Size Type indicates the maximum amount to invest each time a new trade is entered and there are seven options to choose from:
· None (Default Option)
The None option is the default option and indicates that there is not a maximum amount restriction upon trade.
· Fixed Dollar Amount
All trades should invest the amount specified in the Size Amount field. The default Max Size Amount is 0 dollars.
· Fixed Lots
All trades should be of the specified amount in the Size Amount field. The default Max Size Amount is 0 lots. This option does not take into account specified Leverage settings. If you prefer to use Leverage, please choose from any of the other Size Types.
· Fixed Units
All trades should be of the specified amount in the Size Amount field. The default Max Size Amount is 0 shares. This option does not take into account specified Leverage settings. If you prefer to use Leverage, please choose from any of the other Size Types.
· Percentage of Account
A specified percentage of the money that is in the account should be traded.
· Percentage of Portfolio Allocation
The percentage of Available Funds for the specific portfolio the asset will have alloted. The default Max Size Amount is 10 percent.
· Percentage of Asset Allocation
The percentage of Available Funds for the specific asset that will be alloted. The default Max Size Amount is 100 percent.
· Percentage of Collective2 Allocation
The percentage of Available Funds for the specific asset that will be alloted. The default Max Size Amount is 100 percent.
o Min Size Type
The Min Size Type indicates the minimum amount to invest each time a new trade is entered and there are seven options to choose from:
· None (Default Option)
The None option is the default option and indicates that there is not a maximum amount restriction upon trade.
· Fixed Dollar Amount
All trades should invest the amount specified in the Size Amount field. The default Max Size Amount is 0 dollars.
· Fixed Lots
All trades should be of the specified amount in the Size Amount field. The default Max Size Amount is 0 lots. This option does not take into account specified Leverage settings. If you prefer to use Leverage, please choose from any of the other Size Types.
· Fixed Units
All trades should be of the specified amount in the Size Amount field. The default Max Size Amount is 0 shares. This option does not take into account specified Leverage settings. If you prefer to use Leverage, please choose from any of the other Size Types.
· Percentage of Account
A specified percentage of the money that is in the account should be traded.
· Percentage of Portfolio Allocation
The percentage of Available Funds for the specific portfolio the asset will have alloted. The default Max Size Amount is 10 percent.
· Percentage of Asset Allocation
The percentage of Available Funds for the specific asset that will be alloted. The default Max Size Amount is 100 percent.
· Percentage of Collective2 Allocation
The percentage of Available Funds for the specific asset that will be alloted. The default Max Size Amount is 100 percent.
o Display Size for limit orders Type
The Type indicates what is referred to as an "iceberg" order where a large single order that has been divided into smaller lots for the purpose of hiding the actual order quantity. There are three options to choose from:
· Full Trade Amount (Default Option)
The entire order size will be executed.
· Percentage of Trade Amount
Only a percentage of the entire order will be executed until those contracts are either sold or purchased.
· Fixed Contracts
A fix number of contracts will be issues from the order until those contracts are either sold or purchased.
o Leverage
The leverage that is applied for Forex trading.
o Allow additional money when rounding to nearest size
The Allow additional money when rounding to nearest size checkbox is unmarked by default and indicates that additional funds will be allocated if rounding up to the nearest size which override your default settings.
o Include fees in money for position size
The Include fees in money for position size checkbox is unmarked by default and indicates that fees will be included in determining position size.
When you are finished making changes to any dialog in Trader68, it requires the user to press the Save button located at the top of the dialog window. However, note that any changes on this dialog will not occur unless the Save button is pressed.
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The Order Details Tab allows you to control the specific settings of an individual asset in your portfolio. The Order Details Tab controls entry/exit order types and other order settings.
Entry
o Order Type
The price at which to place the order and has three options to choose from:
· Market (Default Option)
The Market is the default option and indicates to enter the market based on the market price.
· Limit -- Delay for better price
Delay’s the trade until the price is better than the default limit price adjusted favorably by the specified percent or units. The trade will not be entered if the price does not reach the limit price.
· Limit -- Protect against slippage
Skips the trade if the price remains worse than the default limit price adjusted unfavorably by the specified percent or units. This is an alternative to a market order, but it prevents you from getting an undesirable fill price.
· Relative
Price from a combination of the market quote and a user-defined Offset amount. The order is submitted as a limit order and modified according to the pricing logic until it is executed or you cancel the order.
· Relative Limit
Price from a combination of the market quote, a user-defined Offset amount and a Limit amount. The order is submitted as a limit order and modified according to the pricing logic until it is executed or you cancel the order.
Exit
o Order Type
The Exit Order Type indicates the price at which to exit an order and has three options to choose from:
· Market (Default Option)
The Market is the default option and indicates to enter the market based on the market price.
· Limit -- Delay for better price
Delay’s the trade until the price is better than the default limit price adjusted favorably by the specified percent or units. The trade will not be entered if the price does not reach the limit price.
· Limit -- Protect against slippage
Skips the trade if the price remains worse than the default limit price adjusted unfavorably by the specified percent or units. This is an alternative to a market order, but it prevents you from getting an undesirable fill price.
· Relative
Price from a combination of the market quote and a user-defined Offset amount. The order is submitted as a limit order and modified according to the pricing logic until it is executed or you cancel the order.
· Relative Limit
Price from a combination of the market quote, a user-defined Offset amount and a Limit amount. The order is submitted as a limit order and modified according to the pricing logic until it is executed or you cancel the order.
Convert Entry Limits to Market
o Convert
The Convert determines whether or not to convert outstanding limit orders into market orders before the market closes and there are two options:
· Never (Default Option)
Limit orders will remain even if the market closes.
· X minutes before market close
Limit orders will be converted to market orders x minutes before the market close based on the Convert At field.
· X seconds after Collective2 filled
Limit orders will be converted to market orders x seconds after a Collective2 fill based on the Convert At field.
· At given time, if Collective2 filled
Limit orders will be converted to market orders at a given time, if Collective2 is filled based on the Convert At field.
Convert Exit Limits to Market
o Convert
The Convert determines whether or not to convert outstanding limit orders into market orders before the market closes and there are two options:
· Never (Default Option)
Limit orders will remain even if the market closes.
· X minutes before market close
Limit orders will be converted to market orders x minutes before the market close based on the Convert At field.
· X seconds after Collective2 filled
Limit orders will be converted to market orders x seconds after a Collective2 fill based on the Convert At field.
· At given time, if Collective2 filled
Limit orders will be converted to market orders at a given time, if Collective2 is filled based on the Convert At field.
o For end-of-day orders, base pricing on next open if market is closed
The For end-of-day orders, base pricing on next open if market is closed checkbox is unmarked by default and indicates that that pricing will be based on the next open if the market is currently closed.
When you are finished making changes to any dialog in Trader68, it requires the user to press the Save button located at the top of the dialog window. However, note that any changes on this dialog will not occur unless the Save button is pressed.
The Limits and Stops Tab allows you to control the specific settings of an individual asset in your portfolio. The Limits and Stops Tab controls various stop and profit taking settings for the individual asset.
Stop Loss
o Generation
The Generation menu options indicates to exit the trade if the trading range reaches the specified percentage or units difference from the entry price and there are two options to choose from:
· Manual Only, Use Values as Defaults (Default Option)
It will not issue limit or stop orders.
· Generate Automatically After Entry
It will issue limit or stop orders based on the proceeding settings.
o Value Type
The Value Type menu options indicate the type of stop loss exit and there are four options to choose from:
· Price Change
It will issue Stop Orders based on Price Change at the specified Value.
· Percentage of Price (Default Option)
It will issue Stop Orders based on a Percentage of Price at the specified Value.
· Percentage Of Asset Capital At Entry
It will issue Stop Orders based on Percentage Of Asset Capital At Entry at the specified Value.
· Percentage Of Current Asset Capital
It will issue Stop Orders based on Percentage Of Current Asset Capital at the specified Value.
o Value
The amount of stop loss based on the Value Type.
The Re-entry menu options indicate when to enter the same position after a trade is exited due to a stop and there are five options to choose from:
· Immediately after the stop (Default Option)
Always enter the market on a new entry signal.
· After the model has produced any other Signal
Delay re-entering the position until after any other signal is encountered.
· After the model has produced a Hold
Delay re-entering the position until after a hold or exit signal is encountered. This includes opposing entry signals, but not opposing exit signals.
· After the model has produced a Exit Signal
Delay re-entering the position until after a exit signal is encountered. This includes opposing entry signals, but not opposing exit signals or hold signals.
· After the model has produced an Opposing Entry
Delay re-entering the position until after an opposing entry signal is encountered.
Profit Limit
o Generation
The Generation menu options indicates to exit the trade if the trading range reaches the specified percentage or units difference from the entry price and there are two options to choose from:
· Manual Only, Use Values as Defaults (Default Option)
It will not issue limit or stop orders.
· Generate Automatically After Entry
It will issue limit or stop orders based on the proceeding settings.
o Value Type
The Value Type menu options indicate the type of profit limit and there are four options to choose from:
· Price Change
It will issue Profit Limits based on Price Change at the specified Value.
· Percentage of Price (Default Option)
It will issue Profit Limits based on a Percentage of Price at the specified Value.
· Percentage Of Asset Capital At Entry
It will issue Profit Limits based on Percentage Of Asset Capital At Entry at the specified Value.
· Percentage Of Current Asset Capital
It will issue Profit Limits based on Percentage Of Current Asset Capital at the specified Value.
o Value
The amount of profit limit based on the Value Type.
o Re-entry
The Re-entry menu options indicate when to enter the same position after a trade is exited due to a stop and there are five options to choose from:
· Immediately after the stop (Default Option)
Always enter the market on a new entry signal.
· After the model has produced any other Signal
Delay re-entering the position until after any other signal is encountered.
· After the model has produced a Hold
Delay re-entering the position until after a hold or exit signal is encountered. This includes opposing entry signals, but not opposing exit signals.
· After the model has produced a Exit Signal
Delay re-entering the position until after a exit signal is encountered. This includes opposing entry signals, but not opposing exit signals or hold signals.
· After the model has produced an Opposing Entry
Delay re-entering the position until after an opposing entry signal is encountered.
When you are finished making changes to any dialog in Trader68, it requires the user to press the Save button located at the top of the dialog window. However, note that any changes on this dialog will not occur unless the Save button is pressed.
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The Safeguards Tab allows you to add “safety measures” to your Portfolio and/or individual Assets.
Market Hours
o Time Zone
The specified time zone of the exchange selected.
o Open
The market open time for the specified exchange.
o Close
The Market close time for the specified exchange.
o Secondary Open & Close
The secondary market open & close times for the specified exchange.
o Holiday Schedule
The holiday schedule for the specified exchange.
Monitor Market Hours
o Signals Outside Market Hours
Determines whether to “Process” or “Ignore” orders outside of the Monitor Market Hours range.
o Exit position and cancel pending orders:
The Exit position and cancel pending orders checkbox indicates whether to force exits and/or pending orders to cancel x-minutes before the market close.
Additional Safeguards
o Actions Needing Confirmation
The Actions Needing Confirmation dropdown menu offers several options for confirming automated trade orders with the default setting to None.
· None
No confirmation is needed for automated trade orders issued to Trader68.
· New Entries
Confirmation is required for any new entries (e.g. Long or Short orders) automated trade orders issued to Trader68.
· New Entries and Increases
Confirmation is required for any new entries (e.g. Long or Short orders) and/or Increases automated trade orders issued to Trader68.
· All Position Changes
Confirmation is required for all position changes issued to Trader68.
· Position Changes and New Stops
Confirmation is required for all position changes and new stop orders issued to Trader68.
· All Actions
Confirmation is required for all order types issued to Trader68.
o Maximum entry orders allowed per day
The Maximum entry orders allowed per day checkbox indicates to limit the number of entry orders issues to x per day.
o Ignore entry signals older than
The Ignore entry signals older than checkbox indicates to ignore signals older than x-minutes.
o Monitor Bid Ask Spread
The Monitor Bid Ask Spread checkbox option enabled allows Trader68 to ignore entries while the spread is over x dollars/ticks or percentage.
When you are finished making changes to any dialog in Trader68, it requires the user to press the Save button located at the top of the dialog window. However, note that any changes on this dialog will not occur unless the Save button is pressed.
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The Broker Settings Tab allows you to change exchange and currency settings for your Portfolio and/or individual Assets.
Broker Settings
o Exchange
The assets specified exchange for trading.
o Currency
The assets specified base currency for trading
o Trade only during regular trading hours
The asset is only traded during regular trading hours specified by the exchange.
o Copy Defaults to Assets and Portfolios
The Copy Defaults to Assets and Portfolios will copy all of the necessary information from the broker if it is not already available in Trader68.
Financial Advisor Settings (Only available for Financial Advisor Accounts with Interactive Brokers)
o Allocation Type
A pre-defined method of allocation with four different options:
· None
No specified allocation type.
· Group
Allocation to a specfied Group as pre-defined in TradersWorkstation.
· Profile
Allocation to a specfied Profile as pre-defined in TradersWorkstation.
· Single Account
Allocation to a specific account managed under the Financial Advisor account.
When you are finished making changes to any dialog in Trader68, it requires the user to press the Save button located at the top of the dialog window. However, note that any changes on this dialog will not occur unless the Save button is pressed.
The Order Fees Tab allows you to control the specific settings of an individual asset in your portfolio.
o Name
The Name indicates the broker and the market type that the fees are applicable to.
o Size levels are cumulative
The Size levels are cumulative checkbox by default is unmarked and indicates when you create an order from any line in the market depth window, the order size is set to the total cumulative size available for that asset.
When you are finished making changes to any dialog in Trader68, it requires the user to press the Save button located at the top of the dialog window. However, note that any changes on this dialog will not occur unless the Save button is pressed.
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The Obtain Settings Tab allows you to parse information directly from your broker for an individual asset in your portfolio.
Broker Exchange Options
This option list all of the available exchanges from the broker.
When you are finished making changes to any dialog in Trader68, it requires the user to press the Save button located at the top of the dialog window. However, note that any changes on this dialog will not occur unless the Save button is pressed.
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