Order Defaults Field Descriptions
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You define a template on the Order Defaults dialog box to establish all of the most common order variables. You can add a new template or change the template of a current order at any time. By changing an Order Defaults template, all subsequent orders with that template are affected.
The fields on the Order Defaults window break into the following sections:
Product and General Fields
Product and General fields configure matching keys and general order defaults, including the default quantity, maximum order quantity, time in force settings, and more.
Sets the name of the template, up to 32 characters in length.
Enables the order template so you can trade with it.
Sets tradable Products or asterisk (*) for all. You can separate multiple products with commas (e.g., ES,NQ).
Sets the broker ID that is associated with the order template.
Note: This column is only available when running X_TRADER in multi-broker mode.
Specifies the TT gateway or an asterisk (*) for all.
Sets Exchange or asterisk (*) for all.
Sets product types or asterisk (*) for all.
Example: Future, Spread, Option.
Note: Product, Gateway, Market, and Product Type are not editable fields for the <Default> template.
Sets the default quantity automatically seeded for each trade.
Max Order Qty
Sets the maximum quantity allowed per trade. The Maximum Order Qty field in Guardian overrides this one.
A validity check based on ticks from the Last Traded Price. Valid orders are:
A custom order identifier up to 15 characters in length. This field is not passed to the exchange.
Indicates your order type and determines whether the order is sent as a Limit or Market order.
Indicates your Time in Force (TIF) and determines how long your order works in the market. In all cases, your orders work until they trade, you cancel them, or the time in force is met.
Price and Trigger Fields
Price and Trigger fields are used to configure Stops, If Touched, and Trailing order templates which seed the Modifiers and Price Mode sections.
Indicates the threshold quantity or percentage for With A Tick (WAT) orders; entries without the % character are interpreted as a fixed quantity.
Indicates whether the price that triggers an order is:
Price Mode Type
Applies when Price Mode is set to Relative and indicates the base price used to price the child order. To clarify:
Price Mode Offset
Applies when Price Mode is set to Relative and indicates the number of ticks applied to the base price to determine the child order price. Positive offsets move away from the market; Negative offsets move into the market
Sets an order qualifier type.
Example: Stop, Trailing Stop, Trailing Limit, If Touched, Block, Cross.
Indicates the type of price used to evaluate the modifier.
Examples: LTP, Bid, Ask, Same side, Opposite side.
Indicates the quantity or percentage required at the trigger price to activate the trigger; entries without the % character are interpreted as a fixed quantity.
Example: For Minimum Volume orders, it is the quantity or percentage that needs to be in the market for the order to go to market.
Indicates a function used to evaluate the trigger price quantity.
Number of ticks from the trigger price your order will trail. Ticks Away is always a positive value as it is evaluated based on the Buy/Sell direction of the order.
Note: This field only applies to trailing orders.
Slicer fields are used to configure:
- Time and volume order templates, which seed the Advanced section
- Machine Gun time interval, which seeds the Modifiers section
The method used to break up an order (Iceberg, Time Sliced, Volume Sliced,Time Duration, Volume Duration).
Total time or traded volume required to achieve the total goal quantity.
Declare time duration in Minutes (Min), Seconds (Sec) or Milliseconds (ms).
Note: Leave this column blank if this is a Volume Duration order.
The disclosed quantity or percentage (%) of total goal quantity viewable to the market; entries without the % character are interpreted as a fixed quantity (Iceberg, Time Sliced, Volume Sliced).
Percentage to vary each disclosed order portion of a slicer order. Enter as a positive integer from 0 to 100.
The interval applied to an order.
Declares if the sliced interval is in Minutes (Min), Seconds (Sec), or Milliseconds (ms).
Declares how to handle the remaining balance of a sliced order before placing the next disclosed order portion for Timed sliced and Volume sliced orders.
When to perform the left over action; at the end of the interval or at the halfway point (Time Sliced and Volume Sliced).
Number of ticks to add or subtract to/from your Bid or Offer to determine the price of the limit order when Leftover Action is Payup (Time Sliced, Volume Sliced, and Duration); the limit price is based on the buy/sell direction of the order.
Timed fields are used to configure:
- Timed order end behavior, which seeds the Submit Time section
- Machine Gun retry attempts, which seeds the Modifiers section
Sets the time, according to your workstation, to activate the parent order to either a Pending Trigger or Working state.
Start Time should be entered in the user’s time zone, and in the HH:MM:SS AM/PM format. For example: 7:30:00 AM or 3:29:58 PM.
Sets the time, according to your workstation, to cease working the parent order, associated child orders, and any undisclosed orders.
End Time should be entered in the user’s time zone, and in the HH:MM:SS AM/PM format. For example: 7:30:00 AM or 3:29:58 PM.
Declares the action taken when an order's end time is reached. Either:
The number of times to resubmit a rejected order until it is accepted (Machine Gun orders only).
Indicates the type of position you are establishing with the order (Open or Close).
Matching method of the order (TOCOM).
A switch indicating you are sending a natively supported order type to the Synthetic SE.
Note: Depending on the order type and the exchange, the order may be managed by the Synthetic SE even if the checkbox is unchecked.
Example: Icebergs are not natively supported on Eurex so, even if the box is unchecked, the order will still go to the Synthetic SE.
Indicates if the order is staged and managed by the Synthetic SE.