Reference: Asset Settings, Portfolio Settings, Account Settings and Default Trading Settings
The Position Sizing, Limits and Stops, Order Details and Order Fees 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)
The Both Long and Short option indicates that Trader68 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
The Long Only option indicates that Trader68 will execute only Long trades received from the Signal Generator.
· Short Only
The Short Only option indicates that Trader68 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:
· Percentage of Account (Default Option)
The Percentage of Account option indicates that a specified percentage of the money that is in the account should be traded.
· Fixed Contracts/Units/Shares
The Fixed option indicates that all trades should be of the Size Amount specified. The size is measured in Contracts for futures, Units for forex and Shares for stock.
· Fixed Dollar Amount
The Fixed Dollar Amount option indicates that all trades should invest the amount specified in the Size Amount field.
· Fixed Lots
The Fixed Lots option indicates that all trades should be of the specified lots in the Size Amount field, where the size of each lot is specified in the Lot Size Field.
· Percentage of Portfolio Allocation
The Percentage of Portfolio Allocation option indicates the percentage of Available Funds for the specific portfolio the asset will have alloted.
· Percentage of Asset Allocation
The Percentage of Asset Allocation option indicates the percentage of Available Funds for the specific asset that will be alloted.
· Percentage of Collective2 Allocation
The Percentage of Collective2 option indicates the percentage of Available Funds for the specific asset that will be alloted.
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.
· Percentage of Account
The Percentage of Account option indicates that a specified percentage of the money that is in the account should be traded.
· Fixed Contracts
The Fixed Contracts option indicates that all trades should be of the Max Size Amount specified. The default Max Size Amount is 0 shares.
· Fixed Dollar Amount
The Fixed Dollar Amount option indicates that all trades should invest the amount specified in the Size Amount field. The default Max Size Amount is 0 dollars.
· Fixed Lots
The Fixed Lots option indicates that all trades should be of the specified amount in the Size Amount field. The default Max Size Amount is 0 lots.
· Percentage of Portfolio Allocation
The Percentage of Portfolio Allocation option indicates 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 Asset Allocation option indicates 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 Collective2 option indicates 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 minimum amount restriction upon trade.
· Percentage of Account
The Percentage of Account option indicates that a specified percentage of the money that is in the account should be traded. The default Min Size Amount is 10%.
· Fixed Contracts
The Fixed Contracts option indicates that all trades should be of the Min Size Amount specified. The default Min Size Amount is 0 shares.
· Fixed Dollar Amount
The Fixed Dollar Amount option indicates that all trades should invest the amount specified in the Size Amount field. The default Min Size Amount is 0 dollars.
· Fixed Lots
The Fixed Lots option indicates that all trades should be of the specified amount in the Size Amount field. The default Min Size Amount is 0 lots.
· Percentage of Portfolio Allocation
The Percentage of Portfolio Allocation option indicates 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 Asset Allocation option indicates 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 Collective2 option indicates the percentage of Available Funds for the specific asset that will be alloted. The default Max Size Amount is 100 percent.
o Lot Size
The Lot Size indicates the amount to round sizes to. Only available with the checkbox selected for Round all sizes to nearest Lot Size.
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 Full Trade Amount option indicates that the entire order size will be executed.
· Percentage of Trade Amount
The Percentage of Trade Amount option indicates that only a percentage of the entire order will be executed until those contracts are either sold or purchased.
· Fixed Contracts
The Fixed Contracts option indicates that a fix number of contracts will be issues from the order until those contracts are either sold or purchased.
o Round all sizes to nearest Lot Size
The Round all sizes to nearest Lot Size checkbox is marked by default and indicates to round all sizes to the nearest Lot Size. With this option enabled, the Lot Size field will be editable.
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.
Back to Top
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.
o Stop Orders
The Stop Orders 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)
The Manual Only, Use Values as Defaults option indicates that Trader68 will not issue limit or stop orders.
· Generate Automatically After Entry
The Generate Automatically After Entry option indicates that Trader68 will issue limit or stop orders based on the proceeding settings.
o Stop Value Type
The Stop Value Type menu options indicate the type of stop loss exit and there are four options to choose from:
· Percentage of Price (Default Option)
The Percentage of Price is the default option and indicates that Trader68 will issue Stop Orders based on a Percentage of Price at the specified Stop Loss Value.
· Price Change
The Price Change indicates that Trader68 will issue Stop Orders based on Price Change at the specified Stop Loss Value.
· Percentage Of Asset Capital At Entry
The Percentage Of Asset Capital At Entry indicates that Trader68 will issue Stop Orders based on Percentage Of Asset Capital At Entry at the specified Stop Loss Value.
· Percentage Of Current Asset Capital
The Percentage Of Current Asset Capital indicates that Trader68 will issue Stop Orders based on Percentage Of Current Asset Capital at the specified Stop Loss Value.
o Stop Loss Value
The Stop Loss Value indicates the amount of stop loss based on the Stop Value Type.
o Take Profit Value
The Take Profit Value indicates the amount of profit taking based on the Stop Value Type.
The Stop 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)
The Immediately after the stop is the default option and indicates to always enter the market on a new entry signal.
· After the model has produced any other Signal
The After the model has produced any other Signal indicates to delay re-entering the position until after any other signal is encountered.
· After the model has produced a Hold
The After the model has produced a Hold indicates to 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
The After the model has produced a Exit Signal indicates to 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
The After the model has produced an Opposing Entry indicates to 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.
Back to Top
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.
o Entry Order Type
The Entry Order Type indicates 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
The Limit -- Delay for better price indicates to delay 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
The Limit -- Protect against slippage indicates to skip 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
The Relative indicates its 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
The Relative Limit indicates its 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.
o Exit 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 exit the market based on the market price.
· Limit -- Delay for better price
The Limit -- Delay for better price indicates to delay 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
The Limit -- Protect against slippage indicates to skip 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
The Relative indicates its 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
The Relative Limit indicates its 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.
o Broker Settings Exchange
The Exchange indicates the brokers setting in which securities, commodities, options or futures are traded.
o Broker Settings Currency
The Currency indicates the brokers setting for which the base currency is set to.
o Order Verification
The Order Verification indicates [Insert Description] and has six options to choose from:
· None (Default Option)
The None is the default option and indicates no verification on orders.
· New Entries
The New Entries indicates to receive verification on only new entry orders.
· New Entries and Increases
The New Entries and Increases indicate to receive verification on both new entry orders and increases.
· All Position Changes
The All Position Changes indicate to receive verification on all position changes.
· Position Changes and New Stops
The Position Changes and New Stops indicate to receive verification on position changes and new stop orders.
· All Actions
The All Actions indicate to receive verification on all actions generated by Trader68.
o Trade only during regular trading hours
The Trade only during regular trading hours indicates that trades will only occur during normal trading hours.
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.
Back to Top
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.
Back to Top