![]()
ATC Trader User Guide
Contents: Show all | Close all
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 executionFactors
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 orderStop
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 orderLimit
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 orderSell 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 ROEBUY ASK/SELL ASK, BUY MARKET/SELL MARKET, BUY BID/SELL BID
BUY ASK/SELL ASK
BUY ASK
Bid on a commodity at the ASK priceSELL ASK
Sell a commodity at the ASK priceAsk
The ASK price (Offer). The lowest price at which someone is prepared to sell a commoditySize
The number of sellers at the ask priceBUY 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 tradedBUY BID/SELL BID
BUY BID
Bid on a commodity at the BID priceSELL BID
Sell a commodity at the BID priceBid
Bid Price is the highest price at which someone is prepared to buy a commoditySize
The number of buyers at the bid priceAuto 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 priceBUY 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 executionFactors
• 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 LMTSELL STOP
Places the STP LMT prices for the sell STP LMT orderStop
• 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.