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.
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.
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.
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 [1].
Remove will delete this custom order from your Q-OCO menu.
To choose between multiple saved Quick Custom Orders, left-click the order name and select your desired custom order from the drop-down window.
The Order Placement Tool is used to place custom orders on the chart. Left-click on the red and green Buy/Sell button and then move your cursor into the chart window. The order is not placed until you left-click in the chart window and confirm the order from the Order Placement dialog. Note: to denote the Order Placement tool is in effect, the mouse's icon will change to an arrow.
This tool is also found in the Drawing Tools toolbar that runs across the top of the software.
Order Placement dialog
To bring up the Order Placement dialog first select the Place Order button, then click in the chart approximately where you would like the order placed. At the top of the dialog, it will reflect the Contract/Currency Pair along with the rate at which the order was initially placed.
1. Order Details: Choose whether the order will be a Buy/Sell, what quantity (Qty.), Order Type, and the Rate.
Buy/Sell: Choose the appropriate radio button.
Qty: Either type in the quantity or use the up and down arrows.
Order Types:
Market Order (MKT): A market order does not specify a price; it is executed at the best possible price available. A market order can keep you from 'chasing' a market.
Market If Touched (MIT): Similar to a limit order, orders to buy are placed below the current price; orders to sell are placed above the current price. MIT orders fill once the limit price is touched or passed through. (Some exchanges do not allow MIT orders).
Limit Order (LMT): Limit Orders to buy are placed below the current price; limit orders to sell are placed above the current price. The market may touch a limit price several times, without filling. In most cases, the market must trade better than the limit for the order to fill.
Stop Order (STP): Place a buy stop order above the market price; place a sell stop order below the market price. A stop order becomes a Market Order when the specified price is reached.
Close Stop Order (C_STP): Place a buy close stop order above the market price; place a sell close stop order below the market price. A close stop order can only be a local order. A close stop order becomes a Market Order when the specified price is reached and the market closes lower(sell) or higher(buy) at the close of the bar.
Rate: When using a non-Market Order type, you can further adjust and edit your rate.
2. Trail: Make a Stop or Close Stop Order a trailing Stop or trailing Close Stop. Choose the trailing type in the drop-down menu and use the text box for the corresponding value of the trailing type.
% Open Profit: The stop order will trail the percentage specified times the profit of all open orders of the current symbol. In summary at (Percentage /100) * (Profit of Open Orders on this symbol). If the Open Orders Profit/Loss total is at a loss the stop will not trail.
$ Behind: The stop order will trail at the specified dollar amount.
# Price Bars: The stop order will trail at the highest high or lowest low within the specified amount of bars. A filter can be applied called Filter Lower, Highs / Higher, Lows. See below at number 4.
ATR Stop: The stop order will trail at the Average True Range Stop dots. Turn on the ATR Stop overlay to see where they are on the chart.
PSAR: The stop order will trail at the Parabolic Stop and Reverse dots. Turn on the Parabolic SAR overlay to see where they are on the chart.
Zig Zag: The stop order will trail at the Retracement Target. Turn on the Zig Zag overlay to see where it is on the chart.
BNB Blue Light: The stop order will trail at the Bulls n Bear Blue Light dots. Turn on the Bulls n Bears Blue Lights to see where it is on the chart. To do this go to the Preferences of Bulls n Bears and in the drop down under Blue Light choose Bullish/Bearish or Both.
Tics/Pips Behind: The stop order will trail at the specified number of tics/pips.
3. Trail Until Breakeven: This will enable your stop loss to trail until it reaches the price level of your entry order. Your stop order will then stop trailing and stay active at the break-even price level.
4. Filter Lower, Highs/Higher, Lows: This is a filter associated with the trailing Bars Back selection. This filter tells Track 'n Trade to only advance the trailing stop if the price bar makes a higher high on a long position or a lower low on a short position.
5. Limit and Stop (can be OCO): This will add a stop or limit at the number of tics/pips specified above or below the market (depends on the type of position). These will become a one cancels other (OCO) order when a stop and a limit are both selected.
6. Jump Stop: This will have the stop jump to a new tics/pips from breakeven (this can be negative to have it a certain tics/pips back from breakeven) after the market has moved favorably the specified tics/pips. This feature can be used when the order type at section 1 is a stop to make the first order to jump, or if using a stop in section 5 it makes that stop jump.
7. Trail Stop: This will enable the stop in section 5 to trail using the same features outlined in section 2.
8. Good 'til Cancel: This enables the order to be active until the user decides to cancel the order. If it is checked off the order will expire at the end of the trading day.
The Time Release Order Placement Button will appear within your Trade Tab as a clock face.
To create a time-released order, simply left-click this button.
Once you have selected the Time Release Order Button, you may select to create a Buy or Sell order by selecting the bullet point in front of Buy or Sell.
Adjust your order quantity(Qty) by entering the number directly within the Qty window, or by clicking up or down in the Qty window.
The Order Type will appear as a Market (MKT) order by default, with your current market price shown within the Rate window.
Check the box in front of Release to create your order placement timer. You may then select what calendar date and time to place the trade in your market. *Note - Orders must have a release time during market hours to be accepted by the clearing house. Check your Key Tab for market hours and ensure that you are placing the trade during regular trading hours.
Click OK to create the order within your chart.
Cancel will be used to cancel orders that do not fill after a certain period of time. This will primarily be used with the addition of stop and limit entry orders in the near future.
This section details how to adjust the appearance of orders, OCO's, and filled positions within your chart window. To adjust your order appearance, right-click any order/position triangle and select Properties.
Order: An unfilled stop or limit order.
One Cancels Other (OCO): Stop/Limit order attached to an entry order. When one stop/limit is triggered, the other stop/limit is canceled.
Position: Once an order fills, it becomes an open position.
1. Restore Settings: TNT Default will change your settings back to the original software settings. My Default will change current settings to your personalized default settings. Apply To All Charts will apply your selected settings on all open charts. Save As My Default will save your current personal settings.
Working Order Outline Color: Adjust the appearance of a pending order triangle
Filled Order Triangle Color: Change the fill color of your pending order triangle
Filled Order Outline Color: Adjusts the triangle color outline after order fills.
Show Text: Hide/Display order text details
Left: Display order text to the left of the order triangle. Dependent on space requirements.
Font Size, Type, Color: Adjust the text size, font, and text color.
What information would you like displayed?: Check each item that you would like to have included with your onscreen text and if you would like values displayed in dollars ($), percent (%) or tics/pips.
Show Connection Lines: Display lines connecting OCO's to entry order
Line: Adjust Connection Line appearance
OCO Order Outline Color: Adjust OCO stop/limit triangle color
Position Lines: Display filled order position line, filled position lines and order triangle.
Long/Short Color: Alter filled position line color and appearance
OCO Position Lines: Display OCO position line and OCO position triangle
Stop/Limit Color: Adjust the OCO position line color
Position Line Text: Select whether to Show Text, have text display on the right or left-hand side of the position line.
What Position Information would you like displayed?: Display position line text for order details. Check each item that you would like to have included with your onscreen text and if you would like values displayed in dollars ($), percent (%) or tics/pips.
Links
[1] http://education.trackntrade.com/node/2043