ATC Trader User Guide    

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Rapid Order Entry Profile


Auto Factor Settings:

Buy Stop Limit
• Orders are used like STP orders, but execution is restricted to the limit price or better. They do not become MKT orders once the STP price has been reached
• Buy STP LMT is activated when the commodity is bid or traded at or above the STP level, the order will not be filled unless the price remains at or drops below the limit level
• No order can be guaranteed an execution

Factors
The values that you wish to increase your STP order by, i.e., .50 in the first box will increase the STP value by the factor of .50; The same concept works the second factor box in that it effects the LMT.

BUY STOP
Places the STP LMT prices for the buy STP LMT order

Stop
Buy STP orders is placed above the current MKT price, but is not transformed into a MKT order when the futures price trades or is bid at or above the STP price; It turns into a LMT order

Limit
LMT order is placed used to buy/sell at the specified price. It doesn’t move once it has been reached, i.e., it does not become MKT order

Sell Limit
Factors

The price at which you want to place the Sell LMT

SELL LIMIT
Limit

1. A limit order is an order to buy or sell a commodity at a specific price

2. Can only be executed at the limit price or higher

Market Selection:

Quantity

Amount of contracts you desire to trade for the entire ROE

Symbol
• A future symbol is a code by which futures are identified on a futures exchange; a corporation which provides the facilities to trade futures contracts
• Is the contract that is traded for the entire ROE

BUY ASK/SELL ASK, BUY MARKET/SELL MARKET, BUY BID/SELL BID

BUY ASK/SELL ASK

BUY ASK
Bid on a commodity at the ASK price

SELL ASK
Sell a commodity at the ASK price

Ask
The ASK price (Offer). The lowest price at which someone is prepared to sell a commodity

Size
The number of sellers at the ask price

BUY MARKET/SELL MARKET
• Will buy a contract of the ROE’s QTY at the MKT price of the ROE’s symbol or
• Will sell a contract of the ROE’s QTY at the MKT price of the ROE’s symbol.

Last
The price at which the ROE’s symbol was last traded

BUY BID/SELL BID

BUY BID
Bid on a commodity at the BID price

SELL BID
Sell a commodity at the BID price

Bid
Bid Price is the highest price at which someone is prepared to buy a commodity

Size
The number of buyers at the bid price

Auto Factor Settings:

Buy Limit

Factors
The value that effects where the LMT order will be placed, i.e., 1.5 will place a LMT 1.5 below the LAST price

BUY LIMIT
Limit: LMT order is placed used to buy/sell at the specified price. It doesn’t move once it has been reached, i.e., it does not become MKT order.

Sell Stop Limit
• Orders are used like STP orders, but execution is restricted to the limit price or better. They do not become MKT orders once the STP price has been reached
• Sell STP LMT is activated when the commodity is offered or traded at or below the STP level, the order will not be filled unless the price remains at or rises above the limit level.
• No order can be guaranteed an execution

Factors
• The values that you wish to decrease your STP order by, i.e., .50 in the first box will decrease the STP value by the factor of .50;
• The same concept works the second factor box in that it effects the LMT

SELL STOP
Places the STP LMT prices for the sell STP LMT order

Stop
• Sell STP order is placed below the current MKT price, but is not transformed into a MKT order when the futures price is traded or is offered at or below the STP price; turns into a LMT order.

Limit
• LMT order is used to buy/sell at the specified price. It doesn’t move once it has been reached, i.e., it does not become MKT order
• Can only be executed at the limit price or higher.