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Trade Tab

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Quote Window & Accounting

Quote Window: This will display the live quotes stream coming directly from the clearing house. The graph will display the Bid in red, the Ask in green, and the Last in white.

The top of the Quote Window will display the current contract symbol, the Bid(sell) price, the Ask(buy) price, and the Last(most recent) price.

The bottom of the Quote Window labels your current Spread(distance between bid/ask price), the Avg(Average) spread since opening this chart, the High, or largest spread since opening this chart, and the Low, or smallest spread since opening this chart.

Chart Open P/L: Will display your currently profit/loss(P/L) for contracts held in this specific symbol only.

Total Open P/L: Displays your current profit/loss for all open contracts held in all symbols.

Realized P/L: Displays your profit/loss for all trades that have closed.

*Note: Chart, Total and Realized P/L will display in dollar ($) value by default. Left-click the blue dollar sign $ to change to %ROM(Percent Return on Margin), Tics/Pips, or %Total (total account percentage gain/loss).

Portfolio Margin: Shows the currently used margin for all open contracts. You may left-click Maintenance which appears by default in blue to choose between viewing the Maintenance, Initial, or Day margin used.

Usable Margin: Displays the quantity of contracts you could create along with the account balance you still have available. You may left-click Maintenance which appears by default in blue to choose between viewing the Maintenance, Initial, or Day margin used.

Cash Balance: Balance available before closing currently open trades.

Equity/Margin: Equity/Margin Ratio is calculated by dividing current Account Equity (Net Liquidation Value) by the Portfolio Initial Margin Amount. If you want to place a trade or hold open positions, the Equity-to-Margin ratio in your account must be greater than 5%. If the Equity/Margin ratio drops below 5%, or the Account Equity drops below $500 (whichever comes first), your account may be locked by the clearing firm and/or open positions may be liquidated by the clearing firm in an attempt to prevent the account balance going negative.

Account Equity: Current account value including the dollar value of all open trades.

Long, Short, T-Long, T-Short:  Will display the number of long or short contracts open in this symbol, or the total number of long or short orders (T-Long/T-Short) in all markets.

PnL/Tic: Displays the dollar value of each minimum move (tic/pip) for this open symbol. Day margin will also be listed as a quick reference.

Quick Order Buttons

Order Qty: Here you select how many contracts you wish to create while using any of the order creation buttons listed below. You may type the order quantity into the window, click the up/down arrows to incrementally change the quantity, or you may click the quick order quantity buttons: 1 / 3 / 5 / 10 / 15/ 20.

STOP / LIMIT: Will attach a stop/limit order to your cursor as you move your mouse back into the chart window. Left-click within the chart window to create a new stop/limit order at the price selected.

Buy MKT / Sell MKT: Will create a new order to either buy or sell at the current market value.

Exit CHART: Will close all open orders in the symbol you are currently viewing, in Multi-Chart mode, verify symbol that is listed in the Quote Window.

Exit ALL: Panic button or just to end trading for the day, Exit ALL will close all orders(pending and filled), across all markets, immediately.

Quick Custom Orders: Filled by default with market or stop/limit entry orders which already have a profit taking and stop loss order attached. Left-click the Q-OCO 1 or Q-OCO 2 button to create a new market order with attached OCO(one cancels other) orders. Select Q-OCO 3 or Q-OCO 4 to attach a stop/limit order to your cursor with an attached profit-taking limit and stop-loss order. Once selected, click within the chart window to create the new order.

Edit Quick Custom Orders

To edit the default Quick Custom Orders, right-click on the Q-OCO button you want to customize. From this window, you may select to Edit a previously created Q-OCO order, or you may Add New to create a new Q-OCO order.

Futures users may copy all Quick Custom Orders to their Spreads Tab from this same right-click window.





Edit Q-OCO Window

You may name or rename your Quick Custom Order to anything that you like, but it is recommended to include the order type and stop/limit values so that you may see your order type quickly at a glance when using the Q-OCO buttons.

If you want this order to appear by default for the selected Q-OCO button each time you open Track 'n Trade, make it your default custom OCO strategy by checking the box.

The Order Type will decide the entry order method. The stop count and limit count values will determine the distance away from your entry order that your stop loss and profit taking orders are created in tics/pips.

For more information about stop-loss customization, see the Place Order Button section.

Remove will delete this custom order from your Q-OCO menu.



Select Your Custom Order

To choose between multiple saved Quick Custom Orders, left-click the order name and select your desired custom order from the drop-down window.