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SuperDOM

Order Entry

Listen to an audio presentation here.

The trade entry section of NT offers a lot of power and flexibility in getting your orders into the market place. Its broken down into three tabs, the "Main" tab , "Breakout/Fade" tab and "Matrix" tab.

Main Tab

The Main Tab is where you can send out single entry orders. There are several methods available.

Standard BUY side buttons. Buy at ASK, Buy at Market and Buy at Bid. Each button will display the appropriate quote value. Standard SELL side buttons. Sell at ASK, Sell at Market and Sell at Bid. Each button will display the appropriate quote value. Except for Market buttons, orders are sent out as LIMIT orders  based on the value of the button at the time the button is pressed.

Generic Buy and Sell Buttons - The generic Buy and Sell buttons use the order entry value box as the order value. There are three options, LIMIT, STOP or STOPLIMIT. When the button is pressed, the order type will reflect the current option selected. If STOPLIMIT is selected, an additional entry box for the LIMIT offset will appear. A single click inside the order entry value box will display  the current bid, double click will display the current ask.

Adjust Entry  - Once a live unfilled order is pending, you can easily modify the price value using the Adjust entry "Up" and "Dn" buttons. Simply specify the value in the Adjust Entry entry box and press "Up" if you want to raise the order price, or press "Dn" if you want to lower it by the value specified.

Cancel - The cancel button does several things. First, it will cancel any live unfilled order. Second, if you have a partially filled order, it will cancel the remaining shares and then proceed to complete the order processing (sending out STOP LOSS and PROFIT orders) based on the contracts/shares that were filled. Finally, if you have an open order, it will cancel any STOP and PROFIT orders live in TWS. NT will prompt you for confirmation if you press Cancel while in an open position.

Trade Entry Pick Lists

By pressing either of the gold buttons beside the generic Buy and Sell buttons, NT will display a price pick list. The values within this list are dynamic and can rapidly change. It displays the current inside market with two increment levels on each side. Pressing the gold button beside the generic Buy button will put the pick list in "buy" mode. A click on any of the values within the pick list will automatically send an order based on that price. You can press the black cancel cell within the pick list to exit this mode. Pressing the gold button beside the generic Sell button will place the pick list in "sell" mode.

Breakout/Fade Entry

The Breakout/Fade tab provides order entry methods usually associated with breakouts or fades. 

Limit - Specify an upper value and lower value. When the order are submitted, a pair of OCA (one cancels another) are issued as LIMIT orders. As soon as one is filled, the other will be cancelled.

Stop - Specify an upper and lower value. When the order is submitted, a pair of OCA (once cancels another) are issued as STOP orders. As soon as one is filled, the other will be cancelled. This mode is especially useful for entering a position on each end of a price channel. If the StopLimit checkbox is checked, the order will be sent out as a pair of OCA STOP Limit orders. A StopLimit Offset value entry box will appear if this option is checked.

Adjust Entry - To adjust the pending unfilled orders, simply specify the value you wish to change the order value by and press the "Up" or "Dn" button.  There are options for adjusting either the "Upper" order or "Lower" order.

Matrix Tab

Matrix entry is a matrix of different price increments vertically, and contract sizes horizontally. The price increments and qty values are user defined under "SETTINGS". There are two columns for "BUY" and two columns for "SELL". The value above each column represents the contract size for that column. The green rows represent prices at the ASK or higher while the peach colored rows represent prices at the bid or lower. Clicking on a price field within the matrix will immediately send an order to TWS.

Example: Clicking on green 1115 value box in the "BUY" section, Column #2 will send a LIMIT order at price 1115 for 3 contracts.